Insider Selling: Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells 9,077 Shares of Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 9,077 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $12.06, for a total transaction of $109,468.62. Following the completion of the sale, the insider now directly owns 10,903,830 shares of the company’s stock, valued at approximately $131,500,189.80. This trade represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Omaha Corp Boston also recently made the following trade(s):

• 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 Price Performance

Shares of BOC stock traded down $0.08 during trading hours on Tuesday, hitting $14.18. The company had a trading volume of 161,763 shares, compared to its average volume of 152,762. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. The firm has a market capitalization of $444.88 million, a price-to-earnings ratio of -42.97 and a beta of 0.80. Boston Omaha Co. has a 12 month low of $12.41 and a 12 month high of $16.99. The firm’s fifty day moving average is $14.95 and its 200 day moving average is $14.35.

Boston Omaha (NYSE:BOC) last announced its 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 return on equity of 1.76% and a negative net margin of 9.73%. The firm had revenue of $27.70 million for the quarter, compared to analyst estimates of $27.20 million.

Institutional Trading of Boston Omaha

A number of hedge funds and other institutional investors have recently made changes to their positions in BOC. SG Americas Securities LLC bought a new position in shares of Boston Omaha in the third quarter worth about $134,000. The Manufacturers Life Insurance Company bought a new position in Boston Omaha in the 2nd quarter valued at $139,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Boston Omaha in the 2nd quarter valued at $141,000. BNP Paribas Financial Markets lifted its stake in shares of Boston Omaha by 61.0% during the third quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock valued at $200,000 after acquiring an additional 5,107 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in Boston Omaha by 4.5% in the second quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock worth $289,000 after purchasing an additional 925 shares during the period. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wells Fargo & Company reiterated an “equal weight” rating and set a $15.00 price target (down previously from $17.00) on shares of Boston Omaha in a research note on Thursday, September 19th.

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.