SAN ANTONIO—Sardar Biglari, Chairman and CEO of Biglari Holdings Inc. (NYSE:BH), has made significant stock purchases, according to a recent SEC filing. On November 12, 13, and 14, Biglari acquired shares of both Class A and Class B common stock through The Lion Fund, L.P., amounting to a total of approximately $5.77 million.
The transactions involved buying 460 shares of Class A common stock at an average price of $897.76 on November 12, followed by 1,630 shares at $997.72 on November 13, and 671 shares at $1,032.57 on November 14. Additionally, The Lion Fund purchased 4,534 shares of Class B common stock at $181.34 on November 12, 6,928 shares at $199.00 on November 13, and 3,992 shares at $210.13 on November 14.
These acquisitions were made at prices ranging from $181.34 to $1,032.57 per share. The purchases were executed through The Lion Fund, L.P., an entity in which Biglari Capital Corp. serves as the general partner, and Sardar Biglari holds key executive roles.
InvestingPro Insights
Recent data from InvestingPro sheds additional light on Biglari Holdings Inc.'s financial position and market performance, providing context to Sardar Biglari's recent stock purchases. The company's market capitalization stands at $132.58 million, reflecting its current valuation in the market.
Biglari Holdings' stock has shown impressive momentum recently, with InvestingPro data indicating a 17.48% return over the past week and a 25.6% return over the last month. This strong performance aligns with one of the InvestingPro Tips, which notes that the stock is trading near its 52-week high, currently at 96.88% of that peak.
Another relevant InvestingPro Tip highlights that Biglari Holdings holds more cash than debt on its balance sheet, suggesting a solid financial foundation. This could be a factor in Sardar Biglari's decision to increase his stake in the company.
It's worth noting that InvestingPro offers several additional tips for Biglari Holdings, which could provide further insights into the company's financial health and market position. Investors interested in a more comprehensive analysis may find value in exploring these additional tips available through the InvestingPro product.
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