Frank Kenan II Buys 6,033 Shares of Boston Omaha (NYSE:BOC) Stock

Boston Omaha Corporation (NYSE:BOC) Director Frank Kenan II bought 6,033 shares of the business’s stock in a transaction on Monday, June 1st. The stock was bought at an average price of $12.89 per share, for a total transaction of $77,765.37. Following the transaction, the director directly owned 315,991 shares of the company’s stock, valued at approximately $4,073,123.99. This represents a 1.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Boston Omaha Stock Up 4.2%

Shares of NYSE:BOC opened at $13.64 on Wednesday. Boston Omaha Corporation has a 52-week low of $10.52 and a 52-week high of $14.50. The company has a market capitalization of $414.66 million, a PE ratio of -31.00 and a beta of 0.69. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.86 and a current ratio of 1.86. The company has a fifty day moving average of $12.16 and a 200-day moving average of $12.41.

Boston Omaha (NYSE:BOC) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The firm had revenue of $28.25 million for the quarter, compared to analyst estimates of $29.20 million. Boston Omaha had a negative net margin of 12.10% and a negative return on equity of 2.57%.

Institutional Trading of Boston Omaha

A number of institutional investors and hedge funds have recently bought and sold shares of BOC. Elgethun Capital Management raised its position in Boston Omaha by 36.1% during the 3rd quarter. Elgethun Capital Management now owns 1,426,608 shares of the company’s stock worth $18,632,000 after purchasing an additional 378,624 shares during the last quarter. Nitor Capital Management LLC bought a new stake in shares of Boston Omaha in the 4th quarter valued at about $4,581,000. First Manhattan CO. LLC. acquired a new stake in shares of Boston Omaha in the fourth quarter valued at about $4,131,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Boston Omaha in the second quarter valued at about $2,214,000. Finally, Jane Street Group LLC raised its position in shares of Boston Omaha by 104.7% during the first quarter. Jane Street Group LLC now owns 87,917 shares of the company’s stock worth $1,282,000 after acquiring an additional 44,968 shares during the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BOC. Wall Street Zen upgraded Boston Omaha from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded shares of Boston Omaha from a “sell (e+)” rating to a “sell (d)” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Boston Omaha Company Profile

Boston Omaha Corporation is a publicly traded holding company headquartered in Omaha, Nebraska. Since its founding in 2015, the company has focused on acquiring and operating growth-oriented businesses in industries with attractive demand characteristics. Boston Omaha’s diversified platform includes middle-mile fiber networks, greenhouse agriculture operations and automotive finance services.

In its telecommunications segment, Boston Omaha develops and operates fiber-based, middle-mile networks that connect carriers, internet service providers and enterprise customers.