Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $149,017.23 in Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 13,317 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $11.19, for a total value of $149,017.23. Following the sale, the insider now directly owns 10,757,544 shares in the company, valued at approximately $120,376,917.36. This represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major 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 Thursday, January 23rd, Omaha Corp Boston sold 16,470 shares of Boston Omaha stock. The stock was sold at an average price of $11.38, for a total value of $187,428.60.
• On Tuesday, January 21st, Omaha Corp Boston sold 12,901 shares of Boston Omaha stock. The stock was sold at an average price of $11.35, for a total value of $146,426.35.
• 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 transaction of $89,300.96.
• On Wednesday, January 15th, Omaha Corp Boston sold 8,857 shares of Boston Omaha stock. The stock was sold at an average price of $11.18, for a total transaction 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 transaction 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 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 Down 1.9 %

Shares of BOC opened at $14.73 on Friday. 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 stock has a market capitalization of $461.92 million, a price-to-earnings ratio of -44.62 and a beta of 0.82. Boston Omaha Co. has a 1 year low of $12.41 and a 1 year high of $16.99. The business’s 50 day simple moving average is $14.56 and its 200-day simple moving average is $14.48.

Boston Omaha (NYSE:BOC) last released its quarterly earnings results 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 business had revenue of $27.70 million for the quarter, compared to analysts’ expectations of $27.20 million.

Institutional Investors Weigh In On Boston Omaha

Large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its holdings in shares of Boston Omaha by 333.9% in the 2nd quarter. Renaissance Technologies LLC now owns 193,100 shares of the company’s stock worth $2,599,000 after purchasing an additional 148,600 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of 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 acquiring an additional 105,152 shares during the last quarter. Private Management Group Inc. boosted its holdings in Boston Omaha by 13.5% during the 3rd quarter. Private Management Group Inc. now owns 787,582 shares of the company’s stock valued at $11,711,000 after acquiring an additional 93,836 shares during the period. Meixler Investment Management Ltd. purchased a new stake in Boston Omaha in the third quarter worth $1,089,000. Finally, Barclays PLC increased its stake 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. 60.36% of the stock is owned by institutional investors.

Boston Omaha Company Profile

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.