Omaha Corp Boston Sells 7,861 Shares of Boston Omaha Co. (NYSE:BOC) Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 7,861 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $11.36, for a total value of $89,300.96. Following the sale, the insider now owns 10,820,950 shares in the company, valued at $122,925,992. This trade represents a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Omaha Corp Boston also recently made the following trade(s):

• On Wednesday, January 15th, Omaha Corp Boston sold 8,857 shares of Boston Omaha stock. The stock was sold at an average price of $11.18, for a total value of $99,021.26.
• On Monday, January 6th, Omaha Corp Boston sold 10,029 shares of Boston Omaha stock. The shares were sold at an average price of $11.65, for a total value of $116,837.85.
• On Thursday, January 2nd, Omaha Corp Boston sold 140 shares of Boston Omaha stock. The stock was sold at an average price of $12.02, for a total transaction of $1,682.80.
• On Monday, December 30th, Omaha Corp Boston sold 9,077 shares of Boston Omaha stock. The shares were sold at an average price of $12.06, for a total transaction of $109,468.62.
• On Friday, December 27th, Omaha Corp Boston sold 15,904 shares of Boston Omaha stock. The stock was sold at an average price of $12.21, for a total transaction of $194,187.84.

Boston Omaha Trading Up 0.9 %

Shares of Boston Omaha stock traded up $0.13 during trading hours on Friday, reaching $14.78. The stock had a trading volume of 123,938 shares, compared to its average volume of 130,394. The firm has a market capitalization of $463.68 million, a price-to-earnings ratio of -44.79 and a beta of 0.82. Boston Omaha Co. has a 1 year low of $12.41 and a 1 year high of $16.99. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06. The firm has a 50 day simple moving average of $14.61 and a two-hundred day simple moving average of $14.37.

Boston Omaha (NYSE:BOC) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The business had revenue of $27.70 million during the quarter, compared to analysts’ expectations of $27.20 million. Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%.

Analyst Ratings Changes

Separately, Wells Fargo & Company restated an “equal weight” rating and set a $15.00 price objective (down from $17.00) on shares of Boston Omaha in a report on Thursday, September 19th.

Hedge Funds Weigh In On Boston Omaha

A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its position in Boston Omaha by 15.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 83,020 shares of the company’s stock worth $1,117,000 after purchasing an additional 10,828 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Boston Omaha by 4.5% during the second quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock worth $289,000 after purchasing an additional 925 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Boston Omaha by 4.8% in the second quarter. Rhumbline Advisers now owns 39,908 shares of the company’s stock worth $537,000 after buying an additional 1,822 shares during the period. American Century Companies Inc. boosted its position in shares of Boston Omaha by 20.2% in the second quarter. American Century Companies Inc. now owns 27,327 shares of the company’s stock worth $368,000 after buying an additional 4,599 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Boston Omaha by 9.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,249,746 shares of the company’s stock valued at $16,822,000 after buying an additional 105,152 shares in the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Boston Omaha Company Profile

Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. It is also involved in the surety insurance and related brokerage, broadband, and asset management businesses. The company was formerly known as REO Plus, Inc and changed its name to Boston Omaha Corporation in March 2015.