Boston Omaha Co. (NYSE:BOC) Major Shareholder Omaha Corp Boston Sells 16,470 Shares

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 16,470 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $11.38, for a total value of $187,428.60. Following the sale, the insider now owns 10,781,022 shares in the company, valued at $122,688,030.36. The trade was a 0.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 Tuesday, January 21st, Omaha Corp Boston sold 12,901 shares of Boston Omaha stock. The shares were sold at an average price of $11.35, for a total transaction 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 stock was sold at an average price of $11.65, for a total value 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 value 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 stock was sold at an average price of $12.21, for a total transaction of $194,187.84.

Boston Omaha Price Performance

Boston Omaha stock opened at $14.58 on Friday. The stock has a market cap of $457.22 million, a price-to-earnings ratio of -44.17 and a beta of 0.82. The firm has a 50-day moving average of $14.55 and a two-hundred day moving average of $14.44. Boston Omaha Co. has a 1 year low of $12.41 and a 1 year high of $16.99. 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 (NYSE:BOC) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $27.70 million during 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

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Boston Omaha during the 3rd quarter worth about $134,000. The Manufacturers Life Insurance Company bought a new position in shares of Boston Omaha during the second quarter valued at approximately $139,000. Susquehanna Fundamental Investments LLC purchased a new position in Boston Omaha during the second quarter valued at approximately $141,000. BNP Paribas Financial Markets raised its stake in Boston Omaha by 61.0% in the third quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock worth $200,000 after buying an additional 5,107 shares in the last quarter. Finally, Flagstone Financial Management lifted its holdings in Boston Omaha by 35.4% during the fourth quarter. Flagstone Financial Management now owns 14,396 shares of the company’s stock worth $204,000 after buying an additional 3,760 shares during the period. Hedge funds and other institutional investors own 60.36% of the company’s stock.

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.