Biglari Holdings Inc. (NYSE:BH) Major Shareholder Acquires $838,948.34 in Stock

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari bought 62,329 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average price of $13.46 per share, for a total transaction of $838,948.34. Following the transaction, the insider now owns 221,570 shares in the company, valued at $2,982,332.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, August 21st, Sardar Biglari bought 43,161 shares of Biglari stock. The stock was acquired at an average price of $13.59 per share, for a total transaction of $586,557.99.
• On Friday, August 16th, Sardar Biglari bought 21,325 shares of Biglari stock. The stock was acquired at an average price of $13.13 per share, for a total transaction of $279,997.25.
• On Wednesday, August 14th, Sardar Biglari bought 62,362 shares of Biglari stock. The stock was acquired at an average price of $12.47 per share, for a total transaction of $777,654.14.

Biglari Stock Performance

Shares of BH traded up $1.54 during mid-day trading on Tuesday, hitting $176.09. 737 shares of the company traded hands, compared to its average volume of 2,379. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.39 and a current ratio of 1.42. The stock has a 50-day moving average price of $187.66 and a two-hundred day moving average price of $189.16. Biglari Holdings Inc. has a 1 year low of $137.01 and a 1 year high of $219.00. The stock has a market cap of $400.78 million, a price-to-earnings ratio of 3.94 and a beta of 0.74.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Biglari

Hedge funds have recently modified their holdings of the company. Innealta Capital LLC purchased a new stake in Biglari during the second quarter valued at $25,000. Gladius Capital Management LP lifted its position in Biglari by 128.4% during the fourth quarter. Gladius Capital Management LP now owns 402 shares of the restaurant operator’s stock valued at $66,000 after acquiring an additional 226 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Biglari by 81.6% during 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. Virtu Financial LLC acquired a new position in Biglari during the 1st quarter valued at approximately $223,000. Finally, Ritholtz Wealth Management increased its stake in Biglari by 40.4% during the 2nd quarter. Ritholtz Wealth Management now owns 1,532 shares of the restaurant operator’s stock valued at $296,000 after purchasing an additional 441 shares in the last quarter. 74.30% of the stock is currently owned by institutional investors.

Biglari Company Profile

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.