Pecaut & CO. Sells 13,000 Shares of Boston Omaha Co. (NYSE:BOC)

Pecaut & CO. lessened its holdings in shares of Boston Omaha Co. (NYSE:BOC) by 38.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,900 shares of the company’s stock after selling 13,000 shares during the quarter. Pecaut & CO.’s holdings in Boston Omaha were worth $296,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new position in Boston Omaha during the fourth quarter valued at approximately $795,000. Barclays PLC grew its holdings in Boston Omaha by 188.4% during the third quarter. Barclays PLC now owns 43,830 shares of the company’s stock valued at $652,000 after purchasing an additional 28,632 shares during the last quarter. Meixler Investment Management Ltd. grew its holdings in Boston Omaha by 38.8% during the fourth quarter. Meixler Investment Management Ltd. now owns 101,630 shares of the company’s stock valued at $1,441,000 after purchasing an additional 28,424 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Boston Omaha by 44.3% during the third quarter. JPMorgan Chase & Co. now owns 81,476 shares of the company’s stock valued at $1,212,000 after purchasing an additional 25,027 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Boston Omaha by 4.2% during the third quarter. Geode Capital Management LLC now owns 533,777 shares of the company’s stock valued at $7,939,000 after purchasing an additional 21,682 shares during the last quarter. Institutional investors own 60.36% of the company’s stock.

Boston Omaha Trading Down 1.3 %

Shares of BOC stock opened at $13.99 on Friday. Boston Omaha Co. has a 12 month low of $12.41 and a 12 month high of $16.83. 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 business’s 50 day moving average is $14.46 and its two-hundred day moving average is $14.63. The company has a market cap of $438.77 million, a PE ratio of -42.38 and a beta of 0.84.

Insider Buying and Selling at Boston Omaha

In other news, major shareholder Omaha Corp Boston sold 15,904 shares of the firm’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $12.21, for a total value of $194,187.84. Following the sale, the insider now owns 10,912,907 shares in the company, valued at approximately $133,246,594.47. This trade represents a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 123,709 shares of company stock worth $1,419,966 over the last 90 days. Insiders own 23.33% of the company’s stock.

Boston Omaha 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.