Insider at Biglari Holdings (BH) Makes Significant purchase of Stock Extends the Trend of Last Quarter

Wednesday, December 27, 2017 10:15 PM ET

Insider at Biglari Holdings (BH) Makes Significant purchase of Stock Extends the Trend of Last Quarter

Significant insider purchase activity was revealed in Biglari Holdings shares in a form 4 document filed with the SEC today, showing — Sardar Biglari, 10% Owner and Director — bought 3,493 shares in the company having a net market value of approximately $1,463,874. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 21,853 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 25,346 shares and have averaged 12,673 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Biglari Holdings is above its 36-company peer group average. The Restaurants & Bars peer group saw 40 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by Biglari Holdings insiders is lower than its peers. Within the peer group there were 633,092 shares purchased and 5,509,478 shares sold with company insiders having sold 121,910 shares on average over this time period.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to evaluate and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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