Omaha Corp Boston Sells 12,768 Shares of Boston Omaha Co. (NYSE:BOC) Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 12,768 shares of Boston Omaha stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $11.39, for a total value of $145,427.52. Following the completion of the sale, the insider now directly owns 9,322,805 shares in the company, valued at $106,186,748.95. This represents a 0.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Monday, April 14th, Omaha Corp Boston sold 16,828 shares of Boston Omaha stock. The stock was sold at an average price of $11.69, for a total transaction of $196,719.32.
• 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 Monday, April 7th, Omaha Corp Boston sold 12,438 shares of Boston Omaha stock. The stock was sold at an average price of $11.74, for a total transaction of $146,022.12.
• On Wednesday, April 2nd, Omaha Corp Boston sold 45,440 shares of Boston Omaha stock. The shares were 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 value 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 value of $77,877.45.
• On Tuesday, February 11th, Omaha Corp Boston sold 7,806 shares of Boston Omaha stock. The shares were sold at an average price of $11.36, for a total value of $88,676.16.
• On Friday, January 31st, Omaha Corp Boston sold 4,405 shares of Boston Omaha stock. The stock was 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.

Boston Omaha Stock Performance

Shares of Boston Omaha stock opened at $14.26 on Tuesday. The business’s fifty day simple moving average is $14.38 and its 200-day simple moving average is $14.59. 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 firm has a market cap of $448.52 million, a PE ratio of -43.21 and a beta of 0.84. Boston Omaha Co. has a 52 week low of $12.41 and a 52 week high of $16.29.

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

Wall Street Analyst Weigh In

Separately, TD Cowen cut their price target on shares of Boston Omaha from $28.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, April 9th.

Hedge Funds Weigh In On Boston Omaha

A number of hedge funds have recently made changes to their positions in the stock. Brandywine Global Investment Management LLC acquired a new position in Boston Omaha during the fourth quarter worth $1,481,000. Dimensional Fund Advisors LP raised its holdings in shares of Boston Omaha by 6.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,471,085 shares of the company’s stock valued at $20,860,000 after buying an additional 85,000 shares during the period. Elgethun Capital Management lifted its stake in Boston Omaha by 16.4% during the 4th quarter. Elgethun Capital Management now owns 559,485 shares of the company’s stock worth $7,933,000 after acquiring an additional 78,662 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Boston Omaha during the 4th quarter valued at about $795,000. Finally, JPMorgan Chase & Co. boosted its holdings in Boston Omaha by 58.1% during the 4th quarter. JPMorgan Chase & Co. now owns 128,827 shares of the company’s stock valued at $1,827,000 after acquiring an additional 47,351 shares during the period. 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.