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Bridgford Foods Corp (NASDAQ:BRID) consultant Allan Bridgford Jr. recently acquired additional shares of the company. According to a recent SEC filing, Bridgford Jr. purchased 75 shares of Bridgford Foods on June 9, 2025, at a price of $7.70 per share, totaling an investment of $577. This acquisition brings his total holdings to 45,075 shares in the $72 million market cap company. The purchase comes as the stock trades near its 52-week low, with InvestingPro analysis indicating the stock may be undervalued. The company maintains strong liquidity with a current ratio of 3.88, though its overall financial health score is currently weak. InvestingPro subscribers have access to 6 additional key insights about BRID’s financial position and market performance.
In other recent news, Bridgford Foods Corporation held its annual shareholder meeting, where several important decisions were made. The Anaheim-based company reported that all management-nominated directors were elected to serve one-year terms, including key figures such as William L. Bridgford and Allan Bridgford Sr. Additionally, shareholders approved the appointment of Baker Tilly US, LLP as the independent registered public accounting firm for the fiscal year ending October 31, 2025. This proposal was passed with a substantial majority. However, a shareholder proposal to take Bridgford Foods private was not approved, with a majority voting against it. The meeting was attended by 94% of eligible shareholders, indicating strong participation. These developments were disclosed in Bridgford Foods Corporation’s recent SEC filing.
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