Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Three Biglari Holdings Inc (BH) Insiders Buy Shares Under Subscription Rights Offering

Three insiders at Biglari Holdings Inc (NYSE:BH) has recently acquired shares of the company, according to data from the Securities and Exchange Commission’s Edgar System. On August 18, Philip Cooley, a director on the company’s Board, acquired 83 shares of the company at a price of $250 apiece. The securities have been bought by the insider and his spouse under the terms of oversubscription priveleges in connection with the company’s subscription rights offering. Under the same rights, the chairman and CEO of Biglari Holdings Inc (NYSE:BH), Sardar Biglari, purchased 3,859 shares, while another director, Kenneth Cooper, bought 299 shares.

Biglari Holdings Inc (NYSE:BH)

Among the shareholders of Biglari Holdings Inc (NYSE:BH) is Mario Gabelli‘s GAMCO Investors, which disclosed ownership of around 99,600 shares of the company as of the end of June. Another one is David E. Shaw‘s D.E. Shaw which owns close to 15,500 shares, according to its latest 13F filing. Both Gabelli and Shaw decreased their funds’ exposure to Biglari Holdings Inc (NYSE:BH) by around 1% during the second quarter.

Moreover, as we reported around a month ago, Daniel S. Och’s OZ Management became a shareholder with a significant stake in Biglari Holdings Inc (NYSE:BH). OZ Management acquired in August around 138,000 shares of the company, which gave the fund ownership of over 8% of Biglari Holdings’ outstanding stock.

Biglari Holdings Inc (NYSE:BH) owns several subsidiaries which are engaged in different business activities. The company posted weaker financial results during the last quarters, which caused its stock to drop by more than 30% since the beginning of the year. For the fiscal third quarter of 2014, Biglari Holdings Inc (NYSE:BH) reported net earnings of approximately $9.59 million, which is significantly below $106.7 million posted for the same period of last year. In the second quarter, the company had a net loss of $5.80 million, versus a profit of $2.18 million in the same period of 2013.

Disclosure: none

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...