Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $187,428.60 in Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 16,470 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $11.38, for a total value of $187,428.60. Following the completion of the transaction, the insider now owns 10,781,022 shares of the company’s stock, valued at approximately $122,688,030.36. The trade was a 0.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 stock was 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 shares were sold at an average price of $11.36, for a total transaction of $89,300.96.
• 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 transaction of $99,021.26.
• On Monday, January 6th, Omaha Corp Boston sold 10,029 shares of Boston Omaha stock. The shares were 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 stock was 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 Stock Down 0.4 %

Shares of BOC opened at $14.58 on Friday. Boston Omaha Co. has a 12-month low of $12.41 and a 12-month high of $16.99. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $457.22 million, a PE ratio of -44.17 and a beta of 0.82. The business’s 50 day moving average is $14.55 and its 200 day moving average is $14.44.

Boston Omaha (NYSE:BOC) last released its earnings results on Tuesday, November 12th. The company reported ($0.05) 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 analysts’ expectations of $27.20 million. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in 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 buying an additional 105,152 shares during the last quarter. Fenimore Asset Management Inc boosted its position in shares of Boston Omaha by 0.3% during the 4th quarter. Fenimore Asset Management Inc now owns 938,162 shares of the company’s stock valued at $13,303,000 after acquiring an additional 2,455 shares during the last quarter. Private Management Group Inc. grew its holdings in shares of Boston Omaha by 13.5% in the third quarter. Private Management Group Inc. now owns 787,582 shares of the company’s stock valued at $11,711,000 after purchasing an additional 93,836 shares in the last quarter. Geode Capital Management LLC increased its position in Boston Omaha by 4.2% in the third quarter. Geode Capital Management LLC now owns 533,777 shares of the company’s stock worth $7,939,000 after purchasing an additional 21,682 shares during the last quarter. Finally, State Street Corp raised its stake in Boston Omaha by 1.9% during the third quarter. State Street Corp now owns 492,192 shares of the company’s stock valued at $7,319,000 after purchasing an additional 9,073 shares in the last quarter. Hedge funds and other institutional investors 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.