Boston Omaha Co. (NYSE:BOC) Major Shareholder Omaha Corp Boston Sells 10,406 Shares

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 10,406 shares of the stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $11.08, for a total value of $115,298.48. Following the transaction, the insider now directly owns 9,289,827 shares in the company, valued at $102,931,283.16. The trade was a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large 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 Monday, April 14th, Omaha Corp Boston sold 16,828 shares of Boston Omaha stock. The shares were sold at an average price of $11.69, for a total value of $196,719.32.
• On Friday, April 11th, Omaha Corp Boston sold 12,768 shares of Boston Omaha stock. The shares were sold at an average price of $11.39, for a total value of $145,427.52.
• On Wednesday, April 9th, Omaha Corp Boston sold 78,522 shares of Boston Omaha stock. The stock was sold at an average price of $11.06, for a total transaction of $868,453.32.
• On Monday, April 7th, Omaha Corp Boston sold 12,438 shares of Boston Omaha stock. The shares were sold at an average price of $11.74, for a total transaction of $146,022.12.
• On Wednesday, April 2nd, Omaha Corp Boston sold 45,440 shares of Boston Omaha stock. The shares were sold at an average price of $12.56, for a total transaction of $570,726.40.
• On Monday, March 31st, Omaha Corp Boston sold 30,197 shares of Boston Omaha stock. The shares were sold at an average price of $13.29, for a total value of $401,318.13.
• On Thursday, February 13th, Omaha Corp Boston sold 7,035 shares of Boston Omaha stock. The stock was sold at an average price of $11.07, for a total value of $77,877.45.
• On Tuesday, February 11th, Omaha Corp Boston sold 7,806 shares of Boston Omaha stock. The stock was sold at an average price of $11.36, for a total transaction of $88,676.16.
• On Friday, January 31st, Omaha Corp Boston sold 4,405 shares of Boston Omaha stock. The stock was sold at an average price of $11.03, for a total transaction of $48,587.15.
• On Wednesday, January 29th, Omaha Corp Boston sold 9,907 shares of Boston Omaha stock. The shares were sold at an average price of $11.25, for a total transaction of $111,453.75.

Boston Omaha Trading Up 1.1 %

Shares of BOC opened at $14.72 on Friday. The firm has a market cap of $462.99 million, a P/E ratio of -44.60 and a beta of 0.84. 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 1 year low of $12.41 and a 1 year high of $16.29. The company has a 50 day simple moving average of $14.36 and a two-hundred day simple moving average of $14.59.

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

Institutional Investors Weigh In On Boston Omaha

Several large investors have recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in Boston Omaha by 4.4% during the 4th quarter. Rhumbline Advisers now owns 39,528 shares of the company’s stock valued at $560,000 after buying an additional 1,666 shares in the last quarter. SG Americas Securities LLC increased its position in Boston Omaha by 20.4% in the fourth quarter. SG Americas Securities LLC now owns 10,833 shares of the company’s stock worth $154,000 after purchasing an additional 1,837 shares during the last quarter. Wells Fargo & Company MN raised its stake in Boston Omaha by 13.5% during the fourth quarter. Wells Fargo & Company MN now owns 18,317 shares of the company’s stock valued at $260,000 after purchasing an additional 2,175 shares in the last quarter. Quantbot Technologies LP bought a new position in Boston Omaha during the fourth quarter valued at $31,000. Finally, Fenimore Asset Management Inc grew its stake in shares of Boston Omaha by 0.3% in the 4th quarter. Fenimore Asset Management Inc now owns 938,162 shares of the company’s stock worth $13,303,000 after buying an additional 2,455 shares in the last quarter. 60.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, TD Cowen lowered their price objective on Boston Omaha from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th.

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.