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

On Tuesday, shares of Biglari Holdings Inc. (NYSE:BH) experienced a significant increase in trading volume after an insider transaction. During this trading session, 5,781 shares were exchanged, marking a notable 92% rise from the previous day's volume of just 3,004 shares. The stock was last priced at $245.80, a rise from its previous closing price of $236.24.

Notably, CEO Sardar Biglari made headlines by purchasing 817 shares of the company on Monday, December 16th. This transaction was executed at an average price of $366.99 per share, totaling approximately $299,830.83. Following this acquisition, Sardar Biglari's total shareholding has risen to 1,319,993 shares, valued at about $484,424,231.07. This purchase added a 0.06% increase to his existing position. Moreover, in another transaction on Thursday, December 12th, he acquired 516 additional shares at an average price of $738.70, amounting to approximately $381,169.20. After this transaction, his total shares reached 1,319,162, valued at approximately $974,464,969.40, reflecting a further 0.04% increase in his stake. Details of these transactions have been filed with the Securities and Exchange Commission (SEC) and can be accessed through the SEC’s official website.

Recent Analyst Ratings

In other news, StockNews.com recently upgraded Biglari’s rating from a "hold" to a "strong buy," indicating a positive outlook for the stock based on its research released on November 11th.

Overview of Biglari's Stock Performance

Currently, Biglari Holdings Inc. has a market capitalization of $557.62 million, with a price-to-earnings ratio of 1.34 and a beta of 0.81. The company's fifty-day simple moving average stands at $194.66, while its two-hundred-day average is $187.10. The company's debt-to-equity ratio is relatively low at 0.17, supporting its financial stability with a current ratio of 1.47 and a quick ratio of 1.44.

Institutional Investments in Biglari

Recently, several large investors have either bought or sold shares of Biglari. Innealta Capital LLC acquired a new position worth approximately $25,000 in the second quarter. Additionally, Ritholtz Wealth Management increased its holdings by 40.4% during the same period, now owning 1,532 shares valued at $296,000 after adding 441 shares. Barclays PLC also raised its position in Biglari by 78.6% in the third quarter, now holding 1,974 shares worth $340,000. Moreover, Bank of New York Mellon Corp and Los Angeles Capital Management LLC both made slight increases to their stakes, reflecting growing institutional interest in the company. Currently, institutional investors own approximately 74.30% of Biglari's stock.

About Biglari Holdings Inc.

Biglari Holdings Inc. operates primarily in the restaurant industry through its subsidiaries, owning and franchising well-known brands such as Steak n Shake and Western Sizzlin. Additionally, the company is involved in underwriting commercial trucking insurance, offering physical damage and non-trucking liability insurance, as well as providing property and casualty insurance services.

Biglari, Insider, Trading