Boston Omaha Co. (NYSE:BOC) Director Vishnu Srinivasan Acquires 3,000 Shares of Stock

Boston Omaha Co. (NYSE:BOC) Director Vishnu Srinivasan acquired 3,000 shares of Boston Omaha stock in a transaction dated Wednesday, May 22nd. The shares were bought at an average cost of $13.47 per share, for a total transaction of $40,410.00. Following the completion of the purchase, the director now directly owns 12,750 shares of the company’s stock, valued at approximately $171,742.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Boston Omaha Trading Up 3.1 %

Boston Omaha stock traded up $0.45 during mid-day trading on Friday, reaching $14.84. 192,242 shares of the company traded hands, compared to its average volume of 239,326. The firm’s 50 day moving average price is $15.39 and its 200 day moving average price is $15.44. Boston Omaha Co. has a 52-week low of $13.33 and a 52-week high of $20.81. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.04.

Boston Omaha (NYSE:BOC) last issued its quarterly earnings data on Friday, May 17th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.06). Boston Omaha had a negative return on equity of 1.08% and a negative net margin of 6.56%. The company had revenue of $25.55 million during the quarter, compared to analysts’ expectations of $25.50 million.

Analyst Upgrades and Downgrades

BOC has been the topic of several analyst reports. Wells Fargo & Company decreased their target price on shares of Boston Omaha from $23.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, May 20th. TD Cowen decreased their price objective on shares of Boston Omaha from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, April 2nd.

Institutional Investors Weigh In On Boston Omaha

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Boston Omaha by 2.7% during the third quarter. Vanguard Group Inc. now owns 1,208,166 shares of the company’s stock valued at $19,802,000 after buying an additional 31,530 shares during the period. Fenimore Asset Management Inc. lifted its holdings in shares of Boston Omaha by 17.8% during the fourth quarter. Fenimore Asset Management Inc. now owns 812,799 shares of the company’s stock valued at $12,785,000 after purchasing an additional 123,095 shares during the last quarter. Greenwood Gearhart Inc. boosted its position in shares of Boston Omaha by 2.8% in the 3rd quarter. Greenwood Gearhart Inc. now owns 568,698 shares of the company’s stock worth $9,321,000 after purchasing an additional 15,325 shares in the last quarter. Lawson Kroeker Investment Management Inc. NE grew its stake in shares of Boston Omaha by 1.2% in the 4th quarter. Lawson Kroeker Investment Management Inc. NE now owns 466,836 shares of the company’s stock worth $7,343,000 after buying an additional 5,513 shares during the last quarter. Finally, Elgethun Capital Management boosted its holdings in Boston Omaha by 40.2% in the first quarter. Elgethun Capital Management now owns 444,816 shares of the company’s stock worth $6,857,000 after acquiring an additional 127,652 shares in the last quarter. 60.36% of the stock is owned by hedge funds and other institutional investors.

About Boston Omaha

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.