Significant Insider purchase of Biglari Holdings (BH) Shares Extends the Buying Trend of Last Quarter

Monday, January 29, 2018 10:15 PM ET

Significant Insider purchase of Biglari Holdings (BH) Shares Extends the Buying Trend of Last Quarter

There was a significant insider buying activity in Biglari Holdings shares today as disclosed in a filing with the SEC. One insider — Sardar Biglari, 10% Owner and Director — purchased 2,840 shares in the company having a net market value of approximately $1,182,297. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 40,282 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 43,122 shares and have averaged 21,561 shares per transaction over this time period.

The number of insider buy/sell trades at Biglari Holdings is above that of the 36 peer company average over the last 90-day period. The Restaurants & Bars peer group saw 43 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 465,731 shares purchased and 5,661,754 shares sold with company insiders selling 120,838 shares on average over this time period.

Insider buying and selling activity that is significant has been determined by eliminating 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 in composing and writing 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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