Boston Omaha Co. (NYSE:BOC) Major Shareholder Omaha Corp Boston Sells 12,901 Shares

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 12,901 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $11.35, for a total transaction of $146,426.35. Following the completion of the sale, the insider now directly owns 10,808,049 shares of the company’s stock, valued at $122,671,356.15. The trade was a 0.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% 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 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 value of $187,428.60.
• On Friday, January 17th, Omaha Corp Boston sold 7,861 shares of Boston Omaha stock. The stock was sold at an average price of $11.36, for a total value of $89,300.96.
• On Wednesday, January 15th, Omaha Corp Boston sold 8,857 shares of Boston Omaha stock. The shares were sold at an average price of $11.18, for a total value of $99,021.26.
• 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 value of $116,837.85.
• On Thursday, January 2nd, Omaha Corp Boston sold 140 shares of Boston Omaha stock. The shares were sold at an average price of $12.02, for a total transaction of $1,682.80.
• On Monday, December 30th, Omaha Corp Boston sold 9,077 shares of Boston Omaha stock. The stock was 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 shares were sold at an average price of $12.21, for a total transaction of $194,187.84.

Boston Omaha Stock Performance

Shares of BOC stock opened at $14.59 on Friday. The company has a market cap of $457.72 million, a P/E ratio of -44.21 and a beta of 0.82. The business has a 50 day moving average of $14.55 and a two-hundred day moving average of $14.42. Boston Omaha Co. has a 52 week low of $12.41 and a 52 week high of $16.99. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06.

Boston Omaha (NYSE:BOC) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%. The company had revenue of $27.70 million for the quarter, compared to analyst estimates of $27.20 million.

Hedge Funds Weigh In On Boston Omaha

Several institutional investors have recently modified their holdings of BOC. Fenimore Asset Management Inc lifted its position in Boston Omaha by 0.3% in the 4th quarter. Fenimore Asset Management Inc now owns 938,162 shares of the company’s stock valued at $13,303,000 after purchasing an additional 2,455 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Boston Omaha by 20.4% during the fourth 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 during the last quarter. JPMorgan Chase & Co. grew its holdings in Boston Omaha by 44.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 81,476 shares of the company’s stock worth $1,212,000 after buying an additional 25,027 shares in the last quarter. Barclays PLC increased its position in Boston Omaha by 188.4% in the 3rd quarter. Barclays PLC now owns 43,830 shares of the company’s stock valued at $652,000 after acquiring an additional 28,632 shares during the period. Finally, Geode Capital Management LLC increased its position in Boston Omaha by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 533,777 shares of the company’s stock valued at $7,939,000 after acquiring an additional 21,682 shares during the period. 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.