2,800 Shares in Boston Omaha Co. (NYSE:BOC) Purchased by Security National Bank

Security National Bank acquired a new stake in shares of Boston Omaha Co. (NYSE:BOC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,800 shares of the company’s stock, valued at approximately $44,000.

Other hedge funds also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. raised its stake in shares of Boston Omaha by 7.3% during the third quarter. Atria Wealth Solutions Inc. now owns 10,889 shares of the company’s stock worth $178,000 after purchasing an additional 744 shares during the last quarter. Swiss National Bank raised its position in Boston Omaha by 2.7% during the 3rd quarter. Swiss National Bank now owns 53,263 shares of the company’s stock worth $873,000 after buying an additional 1,400 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Boston Omaha by 2.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 76,439 shares of the company’s stock worth $1,253,000 after acquiring an additional 1,802 shares during the period. Jump Financial LLC lifted its stake in shares of Boston Omaha by 20.7% in the 4th quarter. Jump Financial LLC now owns 15,930 shares of the company’s stock worth $251,000 after acquiring an additional 2,730 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Boston Omaha by 27.3% during the fourth quarter. SG Americas Securities LLC now owns 13,097 shares of the company’s stock worth $206,000 after acquiring an additional 2,809 shares during the period. 60.36% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Boston Omaha

In other Boston Omaha news, Director Jeffrey C. Royal purchased 10,000 shares of Boston Omaha stock in a transaction on Thursday, June 6th. The shares were bought at an average price of $13.95 per share, with a total value of $139,500.00. Following the completion of the acquisition, the director now directly owns 42,750 shares of the company’s stock, valued at $596,362.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Adam K. Peterson purchased 25,300 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was bought at an average price of $14.37 per share, with a total value of $363,561.00. Following the completion of the transaction, the chief executive officer now owns 6,718,218 shares of the company’s stock, valued at approximately $96,540,792.66. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey C. Royal acquired 10,000 shares of Boston Omaha stock in a transaction dated Thursday, June 6th. The stock was bought at an average price of $13.95 per share, for a total transaction of $139,500.00. Following the completion of the transaction, the director now directly owns 42,750 shares of the company’s stock, valued at $596,362.50. The disclosure for this purchase can be found here. Insiders bought 38,300 shares of company stock valued at $543,471 in the last 90 days. 26.24% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. TD Cowen reduced their price objective on shares of Boston Omaha from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. Wells Fargo & Company decreased their price target on Boston Omaha from $23.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, May 20th.

Boston Omaha Price Performance

BOC stock traded down $0.03 during trading on Friday, reaching $13.87. 261,820 shares of the company were exchanged, compared to its average volume of 262,651. The stock’s 50 day moving average price is $15.06 and its 200 day moving average price is $15.42. Boston Omaha Co. has a 52-week low of $13.33 and a 52-week high of $20.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.92 and a current ratio of 2.92. The company has a market cap of $436.35 million, a P/E ratio of -66.04 and a beta of 0.79.

Boston Omaha (NYSE:BOC) last released its quarterly earnings data on Friday, May 17th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The firm had revenue of $25.55 million during the quarter, compared to analysts’ expectations of $25.50 million. Boston Omaha had a negative net margin of 6.56% and a negative return on equity of 1.08%.

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.