5 Best Fundamentally Strong Penny Stocks To Invest In

3. Destination XL Group Inc (NASDAQ:DXLG)

Number of Hedge Fund Investors: 21

Destination XL Group Inc (NASDAQ:DXLG) dominates the big and tall men’s clothing industry. In fiscal 2022, Destination XL Group Inc’s (NASDAQ:DXLG) gross margins came in at 49.9%, while adjusted EBITDA margin totaled 13.5%.

Out of the 910 hedge funds tracked by Insider Monkey, 21 hedge funds were long Destination XL Group Inc (NASDAQ:DXLG). The biggest stakeholder of Destination XL Group Inc (NASDAQ:DXLG) was Chuck Royce’s Royce & Associates which owns a $6.7 million stake in Destination XL Group Inc (NASDAQ:DXLG).