Glendon Capital Management LP Has $33.98 Million Stock Position in Diebold Nixdorf, Incorporated (NYSE:DBD)

Glendon Capital Management LP lifted its stake in shares of Diebold Nixdorf, Incorporated (NYSE:DBD) by 5.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,173,637 shares of the technology company’s stock after acquiring an additional 60,984 shares during the quarter. Diebold Nixdorf comprises 2.6% of Glendon Capital Management LP’s holdings, making the stock its 10th biggest position. Glendon Capital Management LP’s holdings in Diebold Nixdorf were worth $33,977,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. Skylands Capital LLC purchased a new stake in shares of Diebold Nixdorf in the third quarter valued at $2,210,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Diebold Nixdorf by 411.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 576,430 shares of the technology company’s stock valued at $10,918,000 after purchasing an additional 463,744 shares in the last quarter. Beach Point Capital Management LP purchased a new stake in shares of Diebold Nixdorf in the third quarter valued at $61,481,000. Nomura Asset Management Co. Ltd. purchased a new stake in shares of Diebold Nixdorf during the third quarter worth $833,000. Finally, Impax Asset Management Group plc purchased a new stake in shares of Diebold Nixdorf during the third quarter worth $771,000. 97.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DBD. StockNews.com lowered Diebold Nixdorf from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Wedbush reiterated a “neutral” rating and set a $40.00 price objective on shares of Diebold Nixdorf in a report on Thursday, April 25th.

Insiders Place Their Bets

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

Diebold Nixdorf Stock Performance

Diebold Nixdorf stock traded up $3.36 during mid-day trading on Thursday, hitting $34.52. 272,203 shares of the company’s stock were exchanged, compared to its average volume of 134,593. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 1.16. Diebold Nixdorf, Incorporated has a 1-year low of $16.50 and a 1-year high of $35.94. The stock has a 50 day moving average of $33.54 and a two-hundred day moving average of $28.98.

Diebold Nixdorf (NYSE:DBD) last posted its earnings results on Wednesday, February 14th. The technology company reported $3.02 EPS for the quarter, topping the consensus estimate of $1.39 by $1.63. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. On average, equities analysts expect that Diebold Nixdorf, Incorporated will post 3.94 EPS for the current year.

Diebold Nixdorf 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.