Wednesday, February 14, 2018 10:15 PM ET
Biglari Holdings (BH) sees Significant Insider buy Extending Trend of purchases over Last Quarter
An insider — Sardar Biglari, 10% Owner and Director — acquired 3,663 shares of Biglari Holdings having a market value of approximately $1,479,310 today, 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 50,892 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 54,555 shares and have averaged 27,278 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 39 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 93,159 shares purchased and 1,582,752 shares sold with company insiders disposing of 38,195 shares on average over this time period.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data obtained 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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