Biglari (NYSE:BH) Sees Unusually-High Trading Volume Following Insider Buying Activity

Shares of Biglari Holdings Inc. (NYSE:BH) experienced a notable increase in trading volume on Tuesday, following reports of insider buying activity. A total of 5,781 shares changed hands, marking an impressive 92% rise compared to the previous session's volume of 3,004 shares. At the end of the trading day, the stock was valued at $245.80, rising from a prior close of $236.24.

Insider Transactions

The surge in trading volume correlates with the recent share acquisitions by CEO Sardar Biglari. On Monday, December 16th, he purchased 817 shares at an average price of $366.99 each, amounting to a total expenditure of $299,830.83. With this recent purchase, Biglari’s total shares now stand at 1,319,993, which are worth approximately $484,424,231.07. This transaction signifies a 0.06% increase in his stock holdings.

Additionally, on Thursday, December 12th, CEO Sardar Biglari acquired 516 shares at an average price of $738.70 each, resulting in a total cost of $381,169.20. After this purchase, his total holding increased to 1,319,162 shares, valued at $974,464,969.40, reflecting a 0.04% increase in his position. Both transactions were disclosed in filings with the Securities and Exchange Commission (SEC).

Analyst Ratings

In a separate development, StockNews.com upgraded Biglari shares from a "hold" rating to a "strong-buy" rating in a research report published on November 11th.

Stock Performance Overview

Biglari's stock currently boasts a market capitalization of $557.62 million and possesses a price-to-earnings ratio of 1.34, alongside a beta of 0.81. The fifty-day simple moving average for the company is $194.66, while the two-hundred day simple moving average stands at $187.10. Financial metrics show a debt-to-equity ratio of 0.17, with current and quick ratios measured at 1.47 and 1.44, respectively.

Institutional Investments

Several institutional investors have recently adjusted their positions in Biglari. For instance, Innealta Capital LLC established a new position during the second quarter valued at approximately $25,000. Ritholtz Wealth Management boosted its stake by 40.4% during the same period, owning 1,532 shares valued at $296,000 after purchasing an additional 441 shares. Barclays PLC increased its holdings by 78.6% in the third quarter, now possessing 1,974 shares worth about $340,000. Furthermore, Bank of New York Mellon Corp grew its position by 3.4%, owning 3,951 shares valued at $764,000 after adding 130 shares during the last quarter. Los Angeles Capital Management LLC also expanded its stake by 2.0%, currently holding 4,418 shares valued at approximately $760,000. Overall, 74.30% of the company's stock is presently held by institutional investors.

About Biglari Holdings Inc.

Biglari Holdings Inc. primarily functions through its subsidiaries, which mainly operate and franchise restaurant brands across the United States. Among these are well-known names such as Steak n Shake and Western Sizzlin. Additionally, the company is involved in underwriting commercial trucking insurance, which includes selling physical damage and non-trucking liability insurance to truckers, and providing property and casualty insurance.

Biglari, Insider, Trading