Tuesday, February 06, 2018 10:15 PM ET
Insider purchase at Biglari Holdings (BH) prolongs buy activity of Last 90 Days
There was substantial buying activity in Biglari Holdings shares by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Sardar Biglari, 10% Owner and Director — purchased 3,310 shares in the company having a market value of approximately $1,325,852. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 45,871 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 49,181 shares and have averaged 24,591 shares per transaction over this time period.
The number of insider buy/sell trades at Biglari Holdings is higher than that of the 36 peer company average over the last 90-day period. The Restaurants & Bars peer group saw 41 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 466,320 shares purchased and 5,664,124 shares sold with company insiders disposing of 126,776 shares on average over this time period.
Significant insider buying and selling activity 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 data obtained 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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