Omaha Corp Boston Sells 12,438 Shares of Boston Omaha Co. (NYSE:BOC) Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 12,438 shares of the firm’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $11.74, for a total transaction of $146,022.12. Following the completion of the transaction, the insider now directly owns 9,438,544 shares of the company’s stock, valued at approximately $110,808,506.56. This trade represents a 0.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, 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 Wednesday, April 9th, Omaha Corp Boston sold 78,522 shares of Boston Omaha stock. The stock was sold at an average price of $11.06, for a total transaction of $868,453.32.
• On Wednesday, April 2nd, Omaha Corp Boston sold 45,440 shares of Boston Omaha stock. The stock was sold at an average price of $12.56, for a total transaction of $570,726.40.
• On Monday, March 31st, Omaha Corp Boston sold 30,197 shares of Boston Omaha stock. The stock was sold at an average price of $13.29, for a total transaction of $401,318.13.
• On Thursday, February 13th, Omaha Corp Boston sold 7,035 shares of Boston Omaha stock. The stock was sold at an average price of $11.07, for a total transaction of $77,877.45.
• On Tuesday, February 11th, Omaha Corp Boston sold 7,806 shares of Boston Omaha stock. The stock was sold at an average price of $11.36, for a total transaction of $88,676.16.
• On Friday, January 31st, Omaha Corp Boston sold 4,405 shares of Boston Omaha stock. The shares were sold at an average price of $11.03, for a total value of $48,587.15.
• On Wednesday, January 29th, Omaha Corp Boston sold 9,907 shares of Boston Omaha stock. The shares were sold at an average price of $11.25, for a total transaction of $111,453.75.
• On Monday, January 27th, Omaha Corp Boston sold 13,317 shares of Boston Omaha stock. The shares were sold at an average price of $11.19, for a total transaction of $149,017.23.
• On Thursday, January 23rd, Omaha Corp Boston sold 16,470 shares of Boston Omaha stock. The shares were sold at an average price of $11.38, for a total transaction of $187,428.60.
• On Tuesday, January 21st, Omaha Corp Boston sold 12,901 shares of Boston Omaha stock. The shares were sold at an average price of $11.35, for a total transaction of $146,426.35.

Boston Omaha Stock Up 5.1 %

Boston Omaha stock opened at $14.30 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. The firm has a market capitalization of $449.78 million, a price-to-earnings ratio of -43.33 and a beta of 0.84. Boston Omaha Co. has a fifty-two week low of $12.41 and a fifty-two week high of $16.29. The stock’s fifty day moving average is $14.39 and its two-hundred day moving average is $14.61.

Boston Omaha (NYSE:BOC) last issued its quarterly earnings results on Friday, March 28th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.19. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%. The business had revenue of $27.93 million during the quarter, compared to the consensus estimate of $28.00 million.

Analyst Upgrades and Downgrades

Separately, TD Cowen lowered their price target on shares of Boston Omaha from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BOC. Quantbot Technologies LP acquired a new stake in shares of Boston Omaha in the 4th quarter valued at $31,000. KLP Kapitalforvaltning AS bought a new stake in shares of Boston Omaha in the fourth quarter valued at approximately $79,000. Price T Rowe Associates Inc. MD bought a new stake in Boston Omaha during the fourth quarter worth $146,000. SG Americas Securities LLC increased its holdings 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 period. Finally, Intech Investment Management LLC acquired a new stake in Boston Omaha during the 4th quarter worth about $192,000. Institutional investors and hedge funds 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.