Nuveen Asset Management LLC grew its position in shares of Boston Omaha Co. (NASDAQ:BOMN) by 13.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,943 shares of the company’s stock after purchasing an additional 8,072 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.23% of Boston Omaha worth $2,123,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. Allianz Asset Management GmbH bought a new position in shares of Boston Omaha during the second quarter worth about $665,000. Renaissance Technologies LLC bought a new stake in Boston Omaha in the second quarter worth approximately $2,870,000. Elgethun Capital Management increased its holdings in Boston Omaha by 158.9% in the second quarter. Elgethun Capital Management now owns 199,978 shares of the company’s stock worth $6,341,000 after purchasing an additional 122,735 shares in the last quarter. Northern Trust Corp increased its holdings in Boston Omaha by 19.1% in the second quarter. Northern Trust Corp now owns 169,875 shares of the company’s stock worth $5,386,000 after purchasing an additional 27,237 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Boston Omaha by 24.0% in the second quarter. Geode Capital Management LLC now owns 306,546 shares of the company’s stock worth $9,720,000 after purchasing an additional 59,415 shares in the last quarter. 87.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BOMN stock opened at $29.86 on Thursday. The company has a market cap of $883.14 million, a P/E ratio of 9.27 and a beta of 0.31. The stock has a 50 day simple moving average of $36.07 and a two-hundred day simple moving average of $32.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 11.96 and a current ratio of 11.96. Boston Omaha Co. has a fifty-two week low of $22.27 and a fifty-two week high of $49.92.
Separately, TheStreet downgraded Boston Omaha from a “b-” rating to a “c” rating in a report on Friday, November 12th.
About Boston Omaha
Boston Omaha Corp. is a holding company, which engages in the provision of billboards, surety insurance, and insurance brokerage activities. It operates through the Insurance and Billboards segments. The Insurance segment refers to commissions from the firm’s surety brokerage businesses. The Billboards segment includes billboard acquisition and rentals.
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