Nuveen LLC Makes New Investment in Bridgford Foods Corporation $BRID

Key Points

• Nuveen LLC has acquired a new stake in Bridgford Foods Corporation, purchasing 70,834 shares valued at approximately $570,000, representing about 0.78% of the company.
• Northern Trust Corp increased its holdings in Bridgford Foods by 28.6%, owning 31,913 shares valued at $343,000.
• Bridgford Foods reported a quarterly loss of ($0.18) earnings per share and had revenues of $51.95 million for the last quarter.

Nuveen LLC acquired a new stake in Bridgford Foods Corporation (NASDAQ:BRID - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 70,834 shares of the company's stock, valued at approximately $570,000. Nuveen LLC owned approximately 0.78% of Bridgford Foods at the end of the most recent reporting period.

Separately, Renaissance Technologies LLC acquired a new position in shares of Bridgford Foods in the 4th quarter valued at $124,000. 4.68% of the stock is currently owned by hedge funds and other institutional investors.

Bridgford Foods Price Performance

NASDAQ:BRID traded up $0.38 during mid-day trading on Monday, reaching $8.29. The stock had a trading volume of 741 shares, compared to its average volume of 3,134. The stock has a market capitalization of $75.26 million, a PE ratio of -10.36 and a beta of -0.26. The stock has a 50-day simple moving average of $7.67 and a two-hundred day simple moving average of $8.20. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.54 and a quick ratio of 1.48. Bridgford Foods Corporation has a 12 month low of $7.35 and a 12 month high of $10.83.

Bridgford Foods (NASDAQ:BRID - Get Free Report) last released its earnings results on Friday, August 22nd. The company reported ($0.18) earnings per share (EPS) for the quarter. Bridgford Foods had a negative net margin of 3.19% and a negative return on equity of 5.81%. The firm had revenue of $51.95 million during the quarter.

About Bridgford Foods

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