Biglari Holdings Inc (BH): GAMCO Investors Ups Stake To 6.59%

Since the beginning of 2015, Biglari Holdings Inc (NYSE:BH) Chairman and CEO Sardar Biglari acquired 16,215 shares of the company’s common stock for a total of approximately $6.5 million through seven separate transactions. Mr. Biglari, who is also large shareholder of the company, paid an average weighted price of $405.70 per share, and now owns 336,636 shares, indirectly, through The Lion Fund, L.P., and another 31,019 shares, directly.

Among the largest shareholder of Biglari Holdings Inc (NYSE:BH) include D E Shaw, led by David E. Shaw, which, at the end of September 2014, disclosed owning 11,766 shares of the company. Another investor is Force Capital, managed by Robert Jaffe, which reported ownership of 8,590 shares of the company at the end of the third quarter.

In March 2014, Biglari Holdings Inc. (NYSE: BH) announced that it acquired First Guard Insurance Company and its affiliate 1st Guard Corporation for an undisclosed price. First Guard Insurance Company is a direct underwriter of commercial trucking insurance selling physical damage and nontrucking liability insurance to truckers. In addition, Biglari Holdings Inc (NYSE:BH) in February 2014 reported that one of subsidiaries acquired MAXIM, which is the largest young men’s lifestyle media brand based in New York.

Disclosure: none