Biglari Holdings (NYSE:BH) Experiences Surge in Trading Volume Following Insider Purchases

Shares of Biglari Holdings Inc. (NYSE:BH) saw a significant increase in trading volume on a recent Tuesday, following notable insider buying activity. On that day, a total of 5,781 shares were traded, marking a remarkable 92% rise from the previous trading session, which recorded a volume of just 3,004 shares. As of the latest trading, the stock was priced at $245.80, up from its previous close at $236.24.

In a key transaction dated December 16, CEO Sardar Biglari acquired 817 shares of Biglari stock at an average price of $366.99 per share. This purchase amounted to a total of $299,830.83. After this acquisition, Biglari’s total ownership in the company increased to 1,319,993 shares, now valued at approximately $484,424,231.07. This transaction reflects a modest increase of 0.06% in his position.

Additionally, on December 12, Sardar Biglari purchased another 516 shares at an average cost of $738.70 per share, totaling $381,169.20. Following this transaction, his total holding rose to 1,319,162 shares, with a total value of about $974,464,969.40, which is a 0.04% increase in his position. Details of these trades can be found in documents filed with the Securities and Exchange Commission (SEC).

Analyst Assessment

In related news, on November 11, StockNews.com upgraded shares of Biglari from a “hold” rating to a “strong-buy” rating, indicating a growing confidence among analysts regarding the stock's potential.

Stock Performance Overview

Biglari Holdings has a market capitalization of $557.62 million and boasts a price-to-earnings ratio of 1.34, alongside a beta of 0.81. The company also has a fifty-day simple moving average of $194.66 and a two-hundred-day simple moving average of $187.10. Financially, Biglari reports a debt-to-equity ratio of 0.17, with a current ratio of 1.47 and a quick ratio of 1.44, suggesting it maintains a healthy balance sheet.

Institutional Investment Activity

In recent months, several large investors have increased or initiated positions in Biglari. For instance, Innealta Capital LLC took a new position worth roughly $25,000 in the second quarter. Ritholtz Wealth Management raised its stake by 40.4%, increasing its holdings to 1,532 shares valued at about $296,000 after acquiring an additional 441 shares. Barclays PLC also ramped up its investment by 78.6% in the third quarter, now owning 1,974 shares worth $340,000 thanks to the purchase of 869 additional shares. Other notable investors include Bank of New York Mellon Corp and Los Angeles Capital Management LLC, which both increased their stakes in Biglari recently. Currently, around 74.30% of the stock is held by institutional investors.

Company Profile

Biglari Holdings Inc. primarily operates and franchises restaurant operations in the United States, including brands such as Steak n Shake and Western Sizzlin. Additionally, the company is involved in underwriting commercial trucking insurance, as well as selling physical damage and non-trucking liability insurance for truckers, alongside its property and casualty insurance services.

Conclusion

This surge in trading volume and insider activity within Biglari indicates heightened interest in the company’s stock, representing a crucial moment for investors to monitor potential future developments.

Biglari, Stocks, Insider