Omaha Corp Boston Sells 7,861 Shares of Boston Omaha Co. (NYSE:BOC) Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 7,861 shares of Boston Omaha stock in a transaction on Friday, January 17th. The shares were sold at an average price of $11.36, for a total value of $89,300.96. Following the completion of the transaction, the insider now owns 10,820,950 shares in the company, valued at $122,925,992. This represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more 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 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 shares were 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 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 value 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 value of $194,187.84.

Boston Omaha Stock Up 0.9 %

Shares of BOC stock opened at $14.78 on Friday. Boston Omaha Co. has a 1-year low of $12.41 and a 1-year high of $16.99. The stock’s fifty day moving average price is $14.61 and its 200 day moving average price is $14.38. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.09 and a quick ratio of 2.09. The company has a market cap of $463.68 million, a price-to-earnings ratio of -44.79 and a beta of 0.82.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOC. Renaissance Technologies LLC grew its stake in Boston Omaha by 333.9% during the 2nd quarter. Renaissance Technologies LLC now owns 193,100 shares of the company’s stock worth $2,599,000 after buying an additional 148,600 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Boston Omaha by 9.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,249,746 shares of the company’s stock worth $16,822,000 after buying an additional 105,152 shares during the last quarter. Private Management Group Inc. lifted its position in Boston Omaha by 13.5% during the 3rd quarter. Private Management Group Inc. now owns 787,582 shares of the company’s stock worth $11,711,000 after acquiring an additional 93,836 shares during the period. Meixler Investment Management Ltd. acquired a new stake in Boston Omaha during the 3rd quarter worth about $1,089,000. Finally, Barclays PLC lifted its position in Boston Omaha by 188.4% during the 3rd quarter. Barclays PLC now owns 43,830 shares of the company’s stock worth $652,000 after acquiring an additional 28,632 shares during the period. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

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.