Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $116,837.85 in Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 10,029 shares of Boston Omaha stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $11.65, for a total value of $116,837.85. Following the sale, the insider now directly owns 10,861,575 shares in the company, valued at $126,537,348.75. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Major 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 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 value of $194,187.84.

Boston Omaha Price Performance

NYSE:BOC traded down $0.34 during mid-day trading on Monday, reaching $13.89. 140,287 shares of the company were exchanged, compared to its average volume of 106,929. 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 stock has a market cap of $435.78 million, a PE ratio of -42.09 and a beta of 0.82. Boston Omaha Co. has a 12 month low of $12.41 and a 12 month high of $16.99. The company has a fifty day moving average of $14.84 and a 200 day moving average of $14.35.

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

Hedge Funds Weigh In On Boston Omaha

Several large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Boston Omaha during the 3rd quarter worth $134,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Boston Omaha during the second quarter worth $139,000. Susquehanna Fundamental Investments LLC bought a new stake in Boston Omaha in the second quarter valued at about $141,000. BNP Paribas Financial Markets increased its holdings in Boston Omaha by 61.0% in the third quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock valued at $200,000 after purchasing an additional 5,107 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Boston Omaha by 4.5% in the second quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock valued at $289,000 after buying an additional 925 shares during the period. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $15.00 price target (down from $17.00) on shares of Boston Omaha in a report on Thursday, September 19th.

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.