Bridgford Foods Co. (NASDAQ:BRID) Insider Allan Jr. Bridgford Buys 1,048 Shares

Bridgford Foods Co. (NASDAQ:BRID) insider Allan Jr. Bridgford bought 1,048 shares of the stock in a transaction on Wednesday, August 30th. The stock was purchased at an average price of $11.59 per share, with a total value of $12,146.32. Following the completion of the purchase, the insider now owns 32,000 shares of the company’s stock, valued at $370,880. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Allan Jr. Bridgford also recently made the following trade(s):

• On Thursday, September 7th, Allan Jr. Bridgford purchased 4,000 shares of Bridgford Foods stock. The shares were acquired at an average cost of $11.11 per share, for a total transaction of $44,440.00.
• On Monday, August 28th, Allan Jr. Bridgford acquired 2,000 shares of Bridgford Foods stock. The stock was acquired at an average cost of $11.52 per share, with a total value of $23,040.00.
• On Wednesday, August 23rd, Allan Jr. Bridgford bought 2,876 shares of Bridgford Foods stock. The shares were acquired at an average cost of $11.57 per share, for a total transaction of $33,275.32.

Bridgford Foods Stock Up 3.0 %

NASDAQ BRID traded up $0.32 during trading on Tuesday, hitting $11.10. The company’s stock had a trading volume of 871 shares, compared to its average volume of 5,075. Bridgford Foods Co. has a fifty-two week low of $10.03 and a fifty-two week high of $15.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.16 and a quick ratio of 2.14. The company has a market cap of $100.75 million, a PE ratio of 2.24 and a beta of -0.52. The business’s 50 day simple moving average is $11.66 and its 200-day simple moving average is $12.26.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Bridgford Foods by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 182,721 shares of the company’s stock worth $2,540,000 after buying an additional 1,535 shares during the period. Northern Trust Corp raised its stake in Bridgford Foods by 10.9% in the 2nd quarter. Northern Trust Corp now owns 18,764 shares of the company’s stock worth $216,000 after acquiring an additional 1,847 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its position in Bridgford Foods by 4.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 111,938 shares of the company’s stock worth $1,584,000 after acquiring an additional 4,569 shares during the period. Institutional investors and hedge funds own 5.05% of the company’s stock.

Bridgford Foods Company Profile

Bridgford Foods Corporation, together with its subsidiaries, manufactures, markets, and distributes frozen, refrigerated, and snack food products in the United States. It operates in two segments, Frozen Food Products and Snack Food Products. The company primarily offers biscuits, bread dough items, roll dough items, and dry sausage and beef jerky products.