Glendon Capital Management LP Acquires 60,984 Shares of Diebold Nixdorf, Incorporated (NYSE:DBD)

Glendon Capital Management LP increased its position in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 5.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,173,637 shares of the technology company’s stock after buying an additional 60,984 shares during the quarter. Diebold Nixdorf comprises 2.6% of Glendon Capital Management LP’s investment portfolio, making the stock its 10th biggest holding. Glendon Capital Management LP owned about 3.12% of Diebold Nixdorf worth $33,977,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Beach Point Capital Management LP purchased a new position in Diebold Nixdorf during the 3rd quarter worth approximately $61,481,000. Arena Capital Advisors LLC CA purchased a new position in shares of Diebold Nixdorf in the 3rd quarter valued at approximately $33,785,000. Oaktree Capital Management LP purchased a new position in shares of Diebold Nixdorf in the 3rd quarter valued at approximately $11,189,000. Allspring Global Investments Holdings LLC grew its stake in shares of Diebold Nixdorf by 2.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 588,518 shares of the technology company’s stock valued at $17,038,000 after purchasing an additional 12,088 shares during the last quarter. Finally, Cerberus Capital Management L.P. purchased a new position in shares of Diebold Nixdorf in the 3rd quarter valued at approximately $8,186,000. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Insider Activity at Diebold Nixdorf

In other news, CEO Octavio Marquez acquired 1,000 shares of Diebold Nixdorf stock in a transaction that occurred on Wednesday, March 13th. The stock was purchased at an average cost of $34.27 per share, with a total value of $34,270.00. Following the completion of the acquisition, the chief executive officer now owns 133,661 shares in the company, valued at approximately $4,580,562.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Millstreet Capital Management sold 457,715 shares of Diebold Nixdorf stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $33.95, for a total transaction of $15,539,424.25. Following the completion of the transaction, the insider now directly owns 6,477,361 shares of the company’s stock, valued at $219,906,405.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Octavio Marquez acquired 1,000 shares of Diebold Nixdorf stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average cost of $34.27 per share, with a total value of $34,270.00. Following the completion of the acquisition, the chief executive officer now owns 133,661 shares of the company’s stock, valued at approximately $4,580,562.47. The disclosure for this purchase can be found here. Insiders have sold a total of 458,315 shares of company stock worth $15,559,766 over the last three months. 0.04% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DBD has been the topic of several analyst reports. Wedbush reiterated a “neutral” rating and issued a $40.00 target price on shares of Diebold Nixdorf in a research note on Thursday, April 25th. StockNews.com downgraded Diebold Nixdorf from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th.

Diebold Nixdorf Trading Up 10.8 %

Shares of Diebold Nixdorf stock traded up $3.36 during trading on Thursday, reaching $34.52. The company’s stock had a trading volume of 272,203 shares, compared to its average volume of 134,593. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 1.16. Diebold Nixdorf, Incorporated has a 12-month low of $16.50 and a 12-month high of $35.94. The business has a 50 day moving average price of $33.54 and a 200-day moving average price of $28.98.

Diebold Nixdorf (NYSE:DBD) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $1.63. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Equities analysts predict that Diebold Nixdorf, Incorporated will post 3.94 EPS for the current fiscal year.

Diebold Nixdorf Company Profile

Diebold Nixdorf, Incorporated engages in the automating, digitizing, and transforming the way people bank and shop worldwide. It operates through two segments, Banking and Retail. The company offers cash recyclers and dispensers, intelligent deposit terminals, teller automation tools, and kiosk technologies, as well as physical security solutions; and front-end applications for consumer connection points and back-end platforms that manage channel transactions, operations and integration, and facilitate omnichannel transactions, endpoint monitoring, remote asset management, customer marketing, merchandise management, and analytics.