Tuesday, January 09, 2018 10:15 PM ET
Insider purchase at Biglari Holdings (BH) prolongs buy activity of Last 90 Days
One insider — Sardar Biglari, 10% Owner and Director — today, acquired 5,095 shares of Biglari Holdings having a market value of approximately $2,128,876, as disclosed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 29,724 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 34,819 shares and have averaged 17,410 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 44 buy/sell trades during this period for an average of 1.2 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 462,423 shares purchased and 5,661,754 shares sold with company insiders selling 118,167 shares on average over this time period.
The data sourced in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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