SAN ANTONIO—Sardar Biglari, Chairman and CEO of Biglari Holdings Inc. (NYSE:BH), has made significant purchases of the company's stock through The Lion Fund, L.P., according to a recent SEC filing. Over a series of transactions from November 15 to November 19, Biglari acquired shares valued at approximately $4.1 million. These transactions included purchases of Class A common stock at prices ranging from $1,035.00 to $1,050.00 and Class B common stock at prices ranging from $196.00 to $213.00. The acquisitions reflect continued investment by Biglari in the company, with shares now totaling over 126,000 for Class A and more than 1.3 million for Class B, as reported in the filing.
InvestingPro Insights
Recent data from InvestingPro sheds additional light on Biglari Holdings Inc.'s financial position and market performance, providing context to CEO Sardar Biglari's recent stock purchases. The company's market capitalization stands at $130.45 million, reflecting its current valuation in the market.
InvestingPro Tips highlight that Biglari Holdings holds more cash than debt on its balance sheet, indicating a strong liquidity position. This aligns with another tip noting that the company's liquid assets exceed short-term obligations, suggesting financial stability that may have influenced Biglari's decision to increase his stake.
The stock's recent performance has been notably strong, with a 22.09% price return over the last month and a 19.82% return over the past three months. This upward momentum is further emphasized by the fact that the stock is trading near its 52-week high, with the current price at 95.45% of that peak.
Despite these positive indicators, investors should note that Biglari Holdings does not pay a dividend to shareholders, which may be a consideration for income-focused investors. The company's P/E ratio (adjusted) for the last twelve months as of Q3 2024 stands at 34.17, suggesting a premium valuation compared to its earnings.
For those interested in a deeper analysis, InvestingPro offers 7 additional tips that could provide further insights into Biglari Holdings' financial health and market position.
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