Biglari Holdings Inc. (NYSE:BH) Major Shareholder Purchases $279,997.25 in Stock

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari bought 21,325 shares of the company’s stock in a transaction on Friday, August 16th. The shares were acquired at an average price of $13.13 per share, with a total value of $279,997.25. Following the completion of the acquisition, the insider now directly owns 159,241 shares in the company, valued at approximately $2,090,834.33. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Sardar Biglari also recently made the following trade(s):

• On Wednesday, August 21st, Sardar Biglari purchased 43,161 shares of Biglari stock. The shares were bought at an average cost of $13.59 per share, with a total value of $586,557.99.
• On Monday, August 19th, Sardar Biglari bought 62,329 shares of Biglari stock. The stock was purchased at an average cost of $13.46 per share, with a total value of $838,948.34.
• On Wednesday, August 14th, Sardar Biglari acquired 62,362 shares of Biglari stock. The stock was purchased at an average cost of $12.47 per share, with a total value of $777,654.14.

Biglari Stock Performance

Biglari stock opened at $179.13 on Friday. The company has a market cap of $407.70 million, a price-to-earnings ratio of 4.01 and a beta of 0.74. Biglari Holdings Inc. has a 12 month low of $137.01 and a 12 month high of $219.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.42 and a quick ratio of 1.39. The stock’s 50-day moving average is $187.34 and its 200-day moving average is $189.18.

Hedge Funds Weigh In On Biglari

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP increased its position in shares of Biglari by 5.5% during the first quarter. GSA Capital Partners LLP now owns 2,406 shares of the restaurant operator’s stock worth $456,000 after acquiring an additional 125 shares during the last quarter. Innealta Capital LLC acquired a new stake in Biglari during the 2nd quarter valued at approximately $25,000. Bank of New York Mellon Corp increased its holdings in Biglari by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock worth $764,000 after purchasing an additional 130 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Biglari by 81.6% in the 1st quarter. BNP Paribas Financial Markets now owns 356 shares of the restaurant operator’s stock valued at $68,000 after purchasing an additional 160 shares in the last quarter. Finally, Gladius Capital Management LP boosted its stake in shares of Biglari by 128.4% during the 4th quarter. Gladius Capital Management LP now owns 402 shares of the restaurant operator’s stock valued at $66,000 after buying an additional 226 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered Biglari from a “buy” rating to a “hold” rating in a research note on Monday, August 12th.

About Biglari

Biglari Holdings Inc, through its subsidiaries, primarily operates and franchises restaurants in the United States. It owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. The company also engages in underwriting commercial trucking insurance; selling physical damage and non-trucking liability insurance to truckers; and providing property and casualty insurance.