Omaha Corp Boston Sells 16,470 Shares of Boston Omaha Co. (NYSE:BOC) Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 16,470 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $11.38, for a total value of $187,428.60. Following the completion of the sale, the insider now owns 10,781,022 shares of the company’s stock, valued at $122,688,030.36. The trade was a 0.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 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 Tuesday, January 21st, Omaha Corp Boston sold 12,901 shares of Boston Omaha stock. The shares were sold at an average price of $11.35, for a total value of $146,426.35.
• On Friday, January 17th, Omaha Corp Boston sold 7,861 shares of Boston Omaha stock. The stock was 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 value of $99,021.26.
• On Monday, January 6th, Omaha Corp Boston sold 10,029 shares of Boston Omaha stock. The stock was 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 shares were 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 Down 0.4 %

Shares of BOC opened at $14.58 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.09 and a quick ratio of 2.09. The stock has a market capitalization of $457.22 million, a price-to-earnings ratio of -44.17 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 business’s 50 day simple moving average is $14.55 and its 200-day simple moving average is $14.43.

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

Institutional Trading of Boston Omaha

A number of institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Boston Omaha during the 3rd quarter valued at about $134,000. The Manufacturers Life Insurance Company bought a new stake in shares of Boston Omaha during the 2nd quarter worth approximately $139,000. Susquehanna Fundamental Investments LLC purchased a new position in Boston Omaha during the 2nd quarter valued at $141,000. BNP Paribas Financial Markets grew its position in Boston Omaha by 61.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock valued at $200,000 after acquiring an additional 5,107 shares during the last quarter. Finally, Flagstone Financial Management lifted its position in shares of Boston Omaha by 35.4% during the fourth quarter. Flagstone Financial Management now owns 14,396 shares of the company’s stock worth $204,000 after purchasing an additional 3,760 shares during the last quarter. 60.36% of the stock is currently owned by 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.