Bessemer Group Inc. boosted its position in Barksdale Capital Corp (NYSE:BRO) by 1,257.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,780 shares of the company’s stock after purchasing an additional 119,291 shares during the period. Bessemer Group Inc. owned 0.09% of Barksdale Capital Corp worth $6,207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. State of Tennessee Treasury Department increased its holdings in Barksdale Capital Corp by 81.8% in the 3rd quarter. State of Tennessee Treasury Department now owns 200,000 shares of the company’s stock worth $9,638,000 after purchasing an additional 90,000 shares in the last quarter. Wedbush Securities Inc. acquired a new position in Barksdale Capital Corp in the 3rd quarter worth about $277,000. Clarkston Capital Partners LLC increased its holdings in Barksdale Capital Corp by 5.4% in the 3rd quarter. Clarkston Capital Partners LLC now owns 2,549,169 shares of the company’s stock worth $122,844,000 after purchasing an additional 131,196 shares in the last quarter. Parametrica Management Ltd acquired a new position in Barksdale Capital Corp in the 3rd quarter worth about $218,000. Finally, Victory Capital Management Inc. increased its holdings in Barksdale Capital Corp by 59.9% in the 3rd quarter. Victory Capital Management Inc. now owns 3,344,841 shares of the company’s stock worth $161,187,000 after purchasing an additional 1,253,538 shares in the last quarter.

A number of equities research analysts have commented on the company. Wells Fargo & Company reiterated a “hold” rating on shares of Barksdale Capital Corp in a research report on Monday, July 17th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $45.00 price target on shares of Barksdale Capital Corp in a research report on Monday, October 16th. Zacks Investment Research upgraded Barksdale Capital Corp from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Barclays PLC upped their price target on Barksdale Capital Corp from $39.00 to $43.00 and gave the company an “underweight” rating in a research report on Monday, October 16th. Finally, Morgan Stanley upped their price target on Barksdale Capital Corp from $40.00 to $43.00 and gave the company an “underweight” rating in a research report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Barksdale Capital Corp has a consensus rating of “Hold” and a consensus target price of C$46.11.

In related news, insider Michael Waldkirch sold 75,000 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of C$0.75, for a total transaction of C$56,250.00. Also, Director Richard Silas sold 38,000 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of C$0.75, for a total value of C$28,500.00.

Shares of Barksdale Capital Corp (NYSE BRO) opened at C$49.48 on Friday. Barksdale Capital Corp has a 52-week low of C$38.10 and a 52-week high of C$50.81.

Barksdale Capital Corp (NYSE:BRO) last announced its earnings results on Monday, October 16th. The company reported C$0.53 EPS for the quarter, beating the consensus estimate of C$0.49 by C$0.04. Barksdale Capital Corp had a return on equity of 12.32% and a net margin of 15.96%. The company had revenue of C$475.60 million for the quarter, compared to analyst estimates of C$475.13 million. During the same quarter in the prior year, the company earned $0.50 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 8th. Investors of record on Friday, October 27th were given a dividend of $0.15 per share. This is a positive change from Barksdale Capital Corp’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, October 26th. This represents a $0.60 annualized dividend and a dividend yield of 1.21%.

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Barksdale Capital Corp Company Profile

Brown & Brown, Inc is a diversified insurance agency, wholesale brokerage, insurance programs and service company. The Company markets and sells insurance products and services, in the property, casualty and employee benefits areas. It provides its customers with non-investment insurance contracts, as well as other customized risk management products and services.

Institutional Ownership by Quarter for Barksdale Capital Corp (NYSE:BRO)

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