Insider Buying: Biglari Holdings Inc. (NYSE:BH) Major Shareholder Acquires $586,557.99 in Stock

Biglari Holdings Inc. (NYSE:BH) major shareholder Sardar Biglari purchased 43,161 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were purchased at an average cost of $13.59 per share, for a total transaction of $586,557.99. Following the purchase, the insider now directly owns 364,731 shares in the company, valued at $4,956,694.29. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, August 19th, Sardar Biglari acquired 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 Friday, August 16th, Sardar Biglari bought 21,325 shares of Biglari stock. The shares were acquired at an average cost of $13.13 per share, for a total transaction of $279,997.25.
• On Wednesday, August 14th, Sardar Biglari purchased 62,362 shares of Biglari stock. The stock was acquired at an average cost of $12.47 per share, with a total value of $777,654.14.

Biglari Price Performance

Shares of BH stock opened at $179.13 on Friday. The firm has a fifty day moving average of $187.34 and a two-hundred day moving average of $189.18. The firm has a market cap of $407.70 million, a P/E ratio of 4.01 and a beta of 0.74. Biglari Holdings Inc. has a 1-year low of $137.01 and a 1-year 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.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Biglari

A number of hedge funds have recently bought and sold shares of BH. Empowered Funds LLC grew its holdings in shares of Biglari by 6.9% during the first quarter. Empowered Funds LLC now owns 8,176 shares of the restaurant operator’s stock valued at $1,551,000 after purchasing an additional 525 shares during the last quarter. Bank of New York Mellon Corp raised its position in Biglari by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 3,951 shares of the restaurant operator’s stock worth $764,000 after acquiring an additional 130 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Biglari by 18.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 2,579 shares of the restaurant operator’s stock valued at $425,000 after acquiring an additional 395 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Biglari by 5.5% in 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 in the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in shares of Biglari by 40.4% in the second 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 and hedge funds.

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.