Home / Motherhood / Kingdon Capital Management, L. Buys 27,762 Shares of Destination Maternity Corp (NASDAQ:DEST) Stock
Kingdon Capital Management, L. Buys 27,762 Shares of Destination Maternity Corp (NASDAQ:DEST) Stock

Kingdon Capital Management, L. Buys 27,762 Shares of Destination Maternity Corp (NASDAQ:DEST) Stock

Destination Maternity Corp (NASDAQ:DEST) insider Kingdon Capital Management, L. bought 27,762 shares of the business’s stock in a transaction on Thursday, January 17th. The stock was purchased at an average cost of $3.17 per share, for a total transaction of $88,005.54. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Kingdon Capital Management, L. also recently made the following trade(s):

On Thursday, January 24th, Kingdon Capital Management, L. acquired 15,205 shares of Destination Maternity stock. The shares were bought at an average cost of $3.02 per share, for a total transaction of $45,919.10.
On Tuesday, January 22nd, Kingdon Capital Management, L. acquired 9,930 shares of Destination Maternity stock. The shares were bought at an average cost of $3.14 per share, for a total transaction of $31,180.20.
On Tuesday, January 15th, Kingdon Capital Management, L. acquired 10,322 shares of Destination Maternity stock. The shares were bought at an average cost of $3.04 per share, for a total transaction of $31,378.88.

NASDAQ:DEST traded up $0.13 during trading hours on Monday, hitting $2.95. The company’s stock had a trading volume of 13,800 shares, compared to its average volume of 56,186. The firm has a market capitalization of $40.75 million, a PE ratio of -4.03 and a beta of 0.04. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.18 and a quick ratio of 0.23. Destination Maternity Corp has a 52-week low of $1.62 and a 52-week high of $6.84.

Destination Maternity (NASDAQ:DEST) last posted its earnings results on Tuesday, December 11th. The company reported ($0.12) EPS for the quarter. Destination Maternity had a negative net margin of 4.55% and a negative return on equity of 19.02%. The business had revenue of $92.84 million during the quarter. As a group, equities analysts anticipate that Destination Maternity Corp will post -0.36 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of DEST. Dynamic Technology Lab Private Ltd increased its position in shares of Destination Maternity by 139.3% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 30,443 shares of the company’s stock worth $142,000 after purchasing an additional 17,723 shares during the last quarter. Palo Capital Inc. bought a new position in Destination Maternity during the third quarter worth $355,000. Bridgeway Capital Management Inc. boosted its position in Destination Maternity by 68.9% during the third quarter. Bridgeway Capital Management Inc. now owns 185,500 shares of the company’s stock worth $864,000 after purchasing an additional 75,700 shares during the period. Wells Fargo Company MN boosted its position in Destination Maternity by 3.3% during the third quarter. Wells Fargo Company MN now owns 326,492 shares of the company’s stock worth $1,568,000 after purchasing an additional 10,479 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Destination Maternity by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 384,340 shares of the company’s stock worth $2,237,000 after purchasing an additional 16,516 shares during the period. 37.53% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine lowered Destination Maternity from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th.

About Destination Maternity

Destination Maternity Corporation designs and retails maternity apparel. As of August 4, 2018, the company operated 1,114 retail locations, including 480 stores in the United States, Canada, and Puerto Rico under the Motherhood Maternity, A Pea in the Pod, and Destination Maternity names; and 634 leased department locations in the United States and Puerto Rico.

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