In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Diebold Nixdorf Inc. (NYSE:DBD) reported that Atlantic Investment Management has picked up 5,061,102 of common stock as of 2017-03-21.
The acquisition brings the aggregate amount owned by Atlantic Investment Management to a total of 5,061,102 representing a 6.7% stake in the company.
For those not familiar with the company, Diebold Nixdorf, Incorporated provides connected commerce services, software and technology. The Company’s geographic segments include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). These segments sell and service financial self-service (FSS), retail solutions and security systems. The Company is engaged in providing connected commerce solutions to financial institutions. These solutions are supported by a field service organization. The Company provides security solutions, which combine a services portfolio and products to help address its customers’ needs. The Company provides services for a portfolio of physical security offerings, in addition to serving as a national locksmith. The Company provides voting machines for official elections and the terminals for the governmental lottery and correspondent bank.
A glance at Diebold Nixdorf Inc. (NYSE:DBD)’s key stats reveals a current market capitalization of 2.17 billion based on 75.44 Million shares outstanding and a price at last close of $28.85 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2014-06-13, Mattes picked up 450 at a purchase price of $35.75. This brings their total holding to 49,153 as of the date of the filing.
On the sell side, the most recent transaction saw Cox unload 3,534 shares at a sale price of $24.00. This brings their total holding to 25,054.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Diebold Nixdorf Inc. (NYSE:DBD) as things move forward to see if its progress aligns with these transactions.
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