Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $99,021.26 in Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 8,857 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $11.18, for a total value of $99,021.26. Following the sale, the insider now owns 10,852,718 shares of the company’s stock, valued at $121,333,387.24. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Omaha Corp Boston also recently made the following trade(s):

• 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 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 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 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 Trading Up 0.9 %

Shares of BOC opened at $14.78 on Monday. Boston Omaha Co. has a 1-year low of $12.41 and a 1-year high of $16.99. The firm has a market capitalization of $463.68 million, a price-to-earnings ratio of -44.79 and a beta of 0.82. The firm’s 50-day moving average price is $14.61 and its 200-day moving average price is $14.39. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06.

Boston Omaha (NYSE:BOC) last posted its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The firm had revenue of $27.70 million for 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%.

Hedge Funds Weigh In On Boston Omaha

A number of institutional investors have recently added to or reduced their stakes in BOC. SG Americas Securities LLC boosted its holdings in shares of Boston Omaha by 20.4% during the 4th quarter. SG Americas Securities LLC now owns 10,833 shares of the company’s stock valued at $154,000 after buying an additional 1,837 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Boston Omaha by 44.3% during the third quarter. JPMorgan Chase & Co. now owns 81,476 shares of the company’s stock worth $1,212,000 after acquiring an additional 25,027 shares in the last quarter. Barclays PLC grew its holdings in Boston Omaha by 188.4% in the third quarter. Barclays PLC now owns 43,830 shares of the company’s stock worth $652,000 after purchasing an additional 28,632 shares during the period. Geode Capital Management LLC increased its stake in shares of 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 in the last quarter. Finally, State Street Corp lifted its holdings in shares of 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 during the last quarter. 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.