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

On Tuesday, shares of Biglari Holdings Inc. (NYSE:BH) experienced a noticeable increase in trading volume, following recent insider buying activity. A total of 5,781 shares were traded, marking a 92% rise compared to the 3,004 shares exchanged in the previous session. The stock was last priced at $245.80, up from its previous close of $236.24.

Insider Transactions

The surge in trading volume comes after CEO Sardar Biglari made a significant purchase of 817 shares of Biglari stock on Monday, December 16th, at an average price of $366.99 per share. This acquisition totaled $299,830.83. Following this transaction, the CEO now holds 1,319,993 shares of the company, which are valued at approximately $484,424,231.07, reflecting a 0.06% increase in his holdings. The details of this trade were filed with the Securities & Exchange Commission and can be accessed through their official site. Additionally, on December 12th, Sardar Biglari purchased another 516 shares at an average price of $738.70, bringing that transaction to $381,169.20. After this purchase, his total shares owned were 1,319,162, valued at roughly $974,464,969.40, representing a 0.04% increase.

Analysts’ Opinions

In separate news, StockNews.com upgraded Biglari's stock rating from "hold" to "strong-buy" in a report published on November 11th, indicating a positive outlook from analysts.

Stock Performance Overview

Biglari Holdings has a market capitalization of $557.62 million with a price-to-earnings ratio of 1.34. The company’s beta value is 0.81, demonstrating a relatively lower volatility compared to the market. Its fifty-day moving average currently stands at $194.66, while the two-hundred-day moving average is at $187.10. Biglari's current ratio is 1.47, and its quick ratio is 1.44, with a debt-to-equity ratio of 0.17, suggesting a stable financial position.

Institutional Investor Activity

Recent movements among institutional investors show increased interest in Biglari Holdings. During the second quarter, Innealta Capital LLC initiated a new position with shares worth around $25,000. Ritholtz Wealth Management raised its stake by 40.4%, now owning 1,532 shares, valued at $296,000 after purchasing an additional 441 shares. Barclays PLC raised its holdings by 78.6% in the third quarter, now possessing 1,974 shares worth $340,000. Bank of New York Mellon Corp increased its position by 3.4%, owning now 3,951 shares worth $764,000. Lastly, Los Angeles Capital Management LLC grew its stake by 2.0%, with 4,418 shares now valued at $760,000. Notably, around 74.30% of Biglari's stock is held by institutional investors.

Company Overview

Biglari Holdings Inc. primarily operates and franchises restaurants in the United States under brands such as Steak n Shake and Western Sizzlin. The company is also involved in underwriting commercial trucking insurance, offering physical damage and non-trucking liability insurance to truck operators, in addition to providing property and casualty insurance.

Conclusion

The recent insider buying by CEO Sardar Biglari coupled with positive changes in analyst ratings and increased institutional interest paints a dynamic picture for Biglari Holdings, making it a company to watch closely in the trading market.

Biglari, Insider, Trading