Boston Omaha Co. (NYSE:BOC) Major Shareholder Omaha Corp Boston Sells 8,857 Shares of Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 8,857 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $11.18, for a total value of $99,021.26. Following the sale, the insider now owns 10,852,718 shares in the company, valued at $121,333,387.24. The trade was a 0.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 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 transaction of $89,300.96.
• 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 stock was sold at an average price of $12.02, for a total value 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 value 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 transaction of $194,187.84.

Boston Omaha Stock Up 0.9 %

Shares of Boston Omaha stock opened at $14.78 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. Boston Omaha Co. has a 1-year low of $12.41 and a 1-year high of $16.99. The business’s fifty day moving average price is $14.61 and its two-hundred day moving average price is $14.37. The company has a market capitalization of $463.68 million, a P/E ratio of -44.79 and a beta of 0.82.

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

Institutional Investors Weigh In On Boston Omaha

A number of institutional investors and hedge funds have recently modified their holdings of BOC. Renaissance Technologies LLC raised its holdings in Boston Omaha by 333.9% during the 2nd quarter. Renaissance Technologies LLC now owns 193,100 shares of the company’s stock worth $2,599,000 after buying an additional 148,600 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Boston Omaha by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,249,746 shares of the company’s stock valued at $16,822,000 after acquiring an additional 105,152 shares during the period. Private Management Group Inc. lifted its position in shares of Boston Omaha by 13.5% in the 3rd quarter. Private Management Group Inc. now owns 787,582 shares of the company’s stock valued at $11,711,000 after acquiring an additional 93,836 shares in the last quarter. Meixler Investment Management Ltd. acquired a new position in Boston Omaha in the 3rd quarter worth approximately $1,089,000. Finally, Barclays PLC grew its position in Boston Omaha by 188.4% during the 3rd quarter. Barclays PLC now owns 43,830 shares of the company’s stock worth $652,000 after purchasing an additional 28,632 shares in the last quarter. Institutional investors and hedge funds own 60.36% of the company’s stock.

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.