Omaha Corp Boston Sells 12,901 Shares of Boston Omaha Co. (NYSE:BOC) Stock

Posted by Steve Reilly on Jan 24th, 2025

Boston Omaha Co. (NYSE:BOC – Get Free Report) major shareholder Omaha Corp Boston sold 12,901 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $11.35, for a total value of $146,426.35. Following the completion of the transaction, the insider now owns 10,808,049 shares in the company, valued at approximately $122,671,356.15. This trade represents a 0.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

On Thursday, January 23rd, Omaha Corp Boston sold 16,470 shares of Boston Omaha stock. The stock was sold at an average price of $11.38, for a total value of $187,428.60.
On Friday, January 17th, Omaha Corp Boston sold 7,861 shares of Boston Omaha stock. The shares were sold at an average price of $11.36, for a total value of $89,300.96.
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 transaction 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 transaction 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 stock was 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 shares were sold at an average price of $12.21, for a total value of $194,187.84.

Boston Omaha Stock Performance

Shares of BOC traded up $0.11 during mid-day trading on Thursday, hitting $14.59. The stock had a trading volume of 145,874 shares, compared to its average volume of 133,741. Boston Omaha Co. has a fifty-two week low of $12.41 and a fifty-two week high of $16.99. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06. The company has a market cap of $457.72 million, a PE ratio of -44.21 and a beta of 0.82. The company’s fifty day simple moving average is $14.55 and its two-hundred day simple moving average is $14.42.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Meixler Investment Management Ltd. acquired a new stake in Boston Omaha in the third quarter worth $1,089,000. Private Management Group Inc. grew its position in shares of Boston Omaha by 13.5% during the third quarter. Private Management Group Inc. now owns 787,582 shares of the company’s stock worth $11,711,000 after acquiring an additional 93,836 shares during the last quarter. Barclays PLC increased its holdings in shares of Boston Omaha by 188.4% in the 3rd quarter. Barclays PLC now owns 43,830 shares of the company’s stock worth $652,000 after acquiring an additional 28,632 shares during the period. State Street Corp lifted its position in Boston Omaha by 1.9% in the 3rd quarter. State Street Corp now owns 492,192 shares of the company’s stock valued at $7,319,000 after purchasing an additional 9,073 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Boston Omaha by 333.9% in the 2nd quarter. Renaissance Technologies LLC now owns 193,100 shares of the company’s stock valued at $2,599,000 after purchasing an additional 148,600 shares during the last quarter. 60.36% of the stock is owned by institutional investors and hedge funds.

About Boston Omaha

(Get Free Report)

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.