Friday, February 23, 2018 10:15 PM ET
Significant Insider purchase Extends the buy Trend of Last 90 Days in Shares of Biglari Holdings (BH)
One insider — Sardar Biglari, 10% Owner and Director — today, bought 3,583 shares of Biglari Holdings having a market value of approximately $1,495,948, as revealed 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 56,332 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 59,915 shares and have averaged 29,958 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 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 272,875 shares purchased and 1,547,752 shares sold with company insiders disposing of 32,689 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 evaluating 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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