Insider Selling: Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells 7,861 Shares of Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 7,861 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $11.36, for a total value of $89,300.96. Following the completion of the sale, the insider now directly 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 available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions 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 shares were 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 stock was sold at an average price of $12.21, for a total value of $194,187.84.

Boston Omaha Trading Up 0.9 %

Boston Omaha stock opened at $14.78 on Monday. The business has a 50 day moving average price of $14.61 and a two-hundred day moving average price of $14.39. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06. Boston Omaha Co. has a 12 month low of $12.41 and a 12 month high of $16.99. The stock has a market cap of $463.68 million, a price-to-earnings ratio of -44.79 and a beta of 0.82.

Boston Omaha (NYSE:BOC) last issued its earnings results on Tuesday, November 12th. The company reported ($0.05) 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 firm had revenue of $27.70 million during the quarter, compared to analyst estimates of $27.20 million.

Hedge Funds Weigh In On Boston Omaha

A number of hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in shares of Boston Omaha during the 3rd quarter valued at about $134,000. The Manufacturers Life Insurance Company acquired a new stake in Boston Omaha during the second quarter valued at approximately $139,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Boston Omaha in the 2nd quarter valued at approximately $141,000. BNP Paribas Financial Markets raised its holdings in shares of Boston Omaha by 61.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock worth $200,000 after buying an additional 5,107 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Boston Omaha by 4.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock worth $289,000 after buying an additional 925 shares during the period. Institutional investors and hedge funds 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.