Insider Selling: Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells 12,901 Shares of Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 12,901 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $11.35, for a total value of $146,426.35. Following the completion of the transaction, the insider now directly owns 10,808,049 shares of the company’s stock, valued at $122,671,356.15. The trade was a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more 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 Thursday, January 23rd, Omaha Corp Boston sold 16,470 shares of Boston Omaha stock. The stock was sold at an average price of $11.38, for a total value of $187,428.60.
• 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 value of $89,300.96.
• On Wednesday, January 15th, Omaha Corp Boston sold 8,857 shares of Boston Omaha stock. The shares were 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 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 stock was 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 stock was sold at an average price of $12.21, for a total value of $194,187.84.

Boston Omaha Stock Performance

Shares of BOC opened at $14.58 on Friday. Boston Omaha Co. has a 12-month low of $12.41 and a 12-month high of $16.99. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06. The company has a market cap of $457.22 million, a PE ratio of -44.17 and a beta of 0.82. The stock has a 50-day moving average price of $14.55 and a 200-day moving average price of $14.44.

Boston Omaha (NYSE:BOC) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) 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 company had revenue of $27.70 million during the quarter, compared to the consensus estimate of $27.20 million.

Institutional Investors Weigh In On Boston Omaha

Hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its position in Boston Omaha by 4.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock worth $289,000 after buying an additional 925 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Boston Omaha by 4.8% during the second quarter. Rhumbline Advisers now owns 39,908 shares of the company’s stock worth $537,000 after acquiring an additional 1,822 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Boston Omaha by 20.2% in the 2nd quarter. American Century Companies Inc. now owns 27,327 shares of the company’s stock valued at $368,000 after purchasing an additional 4,599 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Boston Omaha by 9.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,249,746 shares of the company’s stock valued at $16,822,000 after purchasing an additional 105,152 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Boston Omaha by 333.9% in the 2nd quarter. Renaissance Technologies LLC now owns 193,100 shares of the company’s stock worth $2,599,000 after purchasing an additional 148,600 shares during the period. Institutional investors own 60.36% of the company’s stock.

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.