Boston Omaha Co. (NYSE:BOC) Major Shareholder Omaha Corp Boston Sells 8,857 Shares

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 8,857 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $11.18, for a total transaction of $99,021.26. Following the transaction, the insider now owns 10,852,718 shares in the company, valued at approximately $121,333,387.24. The trade was a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• 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 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 shares were sold at an average price of $12.06, for a total transaction 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 transaction of $194,187.84.

Boston Omaha Stock Performance

Shares of NYSE:BOC opened at $14.78 on Friday. The company has a market capitalization of $463.68 million, a price-to-earnings ratio of -44.79 and a beta of 0.82. The firm’s 50 day simple moving average is $14.61 and its 200 day simple moving average 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. Boston Omaha Co. has a fifty-two week low of $12.41 and a fifty-two week high of $16.99.

Boston Omaha (NYSE:BOC) last posted 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). The business had revenue of $27.70 million for the quarter, compared to the consensus estimate of $27.20 million. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%.

Hedge Funds Weigh In On Boston Omaha

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Boston Omaha in the third quarter valued at $134,000. The Manufacturers Life Insurance Company acquired a new stake in Boston Omaha during the 2nd quarter valued at $139,000. Susquehanna Fundamental Investments LLC acquired a new stake in Boston Omaha during the 2nd quarter valued at $141,000. BNP Paribas Financial Markets lifted its holdings in Boston Omaha by 61.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock valued at $200,000 after purchasing an additional 5,107 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Boston Omaha by 4.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock valued at $289,000 after purchasing an additional 925 shares during the last quarter. 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.