Elgethun Capital Management Raises Holdings in Boston Omaha Co. (NYSE:BOC)

Elgethun Capital Management increased its position in Boston Omaha Co. (NYSE:BOC) by 16.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 559,485 shares of the company’s stock after purchasing an additional 78,662 shares during the period. Boston Omaha accounts for 1.9% of Elgethun Capital Management’s investment portfolio, making the stock its 17th largest holding. Elgethun Capital Management’s holdings in Boston Omaha were worth $7,933,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Boston Omaha in the 4th quarter valued at about $31,000. KLP Kapitalforvaltning AS bought a new stake in Boston Omaha in the fourth quarter worth $79,000. SG Americas Securities LLC increased its position in 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 acquiring an additional 1,837 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Boston Omaha in the fourth quarter valued at $192,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Boston Omaha during the 4th quarter worth about $194,000. 60.36% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Boston Omaha news, major shareholder Omaha Corp Boston sold 4,405 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $11.03, for a total transaction of $48,587.15. Following the transaction, the insider now directly owns 10,721,170 shares in the company, valued at $118,254,505.10. This trade represents a 0.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 164,196 shares of company stock worth $1,969,833 in the last three months. Corporate insiders own 23.33% of the company’s stock.

Boston Omaha Stock Down 2.1 %

Shares of NYSE BOC opened at $14.19 on Monday. 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 firm has a 50-day simple moving average of $14.47 and a two-hundred day simple moving average of $14.64. Boston Omaha Co. has a 1 year low of $12.41 and a 1 year high of $16.29. The company has a market cap of $446.16 million, a P/E ratio of -42.98 and a beta of 0.84.

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

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.