Bridgford Foods Co. (NASDAQ:BRID) Insider Acquires $23,040.00 in Stock

Bridgford Foods Co. (NASDAQ:BRID) insider Allan Jr. Bridgford bought 2,000 shares of the business’s stock in a transaction on Monday, August 28th. The shares were purchased at an average cost of $11.52 per share, for a total transaction of $23,040.00. Following the completion of the purchase, the insider now owns 29,000 shares in the company, valued at $334,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, September 7th, Allan Jr. Bridgford bought 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 Wednesday, August 30th, Allan Jr. Bridgford bought 1,048 shares of Bridgford Foods stock. The shares were acquired at an average cost of $11.59 per share, for a total transaction of $12,146.32.
• 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 Trading Up 0.3 %

Bridgford Foods stock opened at $11.05 on Friday. 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 capitalization of $100.30 million, a price-to-earnings ratio of 2.23 and a beta of -0.52. Bridgford Foods Co. has a one year low of $10.03 and a one year high of $15.38. The company’s fifty day moving average price is $11.64 and its two-hundred day moving average price is $12.23.

Hedge Funds Weigh In On Bridgford Foods

Several hedge funds have recently bought and sold shares of the business. Neuberger Berman Group LLC boosted its holdings in Bridgford Foods by 18.5% during the first quarter. Neuberger Berman Group LLC now owns 74,751 shares of the company’s stock valued at $814,000 after acquiring an additional 11,652 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Bridgford Foods by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 181,186 shares of the company’s stock valued at $2,171,000 after acquiring an additional 3,084 shares during the period. Finally, Northern Trust Corp boosted its holdings in Bridgford Foods by 10.9% during the second quarter. Northern Trust Corp now owns 18,764 shares of the company’s stock valued at $216,000 after acquiring an additional 1,847 shares during the period. 5.05% of the stock is owned by institutional investors and hedge funds.

About Bridgford Foods

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.