Insider Selling: Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $146,426.35 in Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 12,901 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $11.35, for a total transaction of $146,426.35. Following the completion of the transaction, the insider now directly owns 10,808,049 shares in the company, valued at $122,671,356.15. This trade represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more 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 23rd, Omaha Corp Boston sold 16,470 shares of Boston Omaha stock. The stock was sold at an average price of $11.38, for a total transaction of $187,428.60.
• 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 value 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 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 value 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 transaction 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 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 transaction of $194,187.84.

Boston Omaha Price Performance

Boston Omaha stock opened at $14.58 on Friday. Boston Omaha Co. has a 52 week low of $12.41 and a 52 week high of $16.99. The company’s 50 day moving average price is $14.55 and its two-hundred day moving average price is $14.44. The stock has a market cap of $457.22 million, a P/E ratio of -44.17 and a beta of 0.82. 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 (NYSE:BOC) last issued its quarterly 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). The business 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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC raised its position in Boston Omaha by 4.5% in the second quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock worth $289,000 after acquiring an additional 925 shares during the period. Rhumbline Advisers raised its holdings in shares of Boston Omaha by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 39,908 shares of the company’s stock worth $537,000 after purchasing an additional 1,822 shares during the period. SG Americas Securities LLC lifted its stake in Boston Omaha by 20.4% in the fourth quarter. SG Americas Securities LLC now owns 10,833 shares of the company’s stock valued at $154,000 after purchasing an additional 1,837 shares during the last quarter. Fenimore Asset Management Inc grew its holdings in Boston Omaha by 0.3% during the fourth quarter. Fenimore Asset Management Inc now owns 938,162 shares of the company’s stock valued at $13,303,000 after purchasing an additional 2,455 shares during the period. Finally, Flagstone Financial Management raised its stake in shares of Boston Omaha by 35.4% in the fourth quarter. Flagstone Financial Management now owns 14,396 shares of the company’s stock valued at $204,000 after buying an additional 3,760 shares during the period. 60.36% of the stock is owned by hedge funds and other institutional investors.

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.