Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $109,468.62 in Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 9,077 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $12.06, for a total transaction of $109,468.62. Following the transaction, the insider now owns 10,903,830 shares of the company’s stock, valued at approximately $131,500,189.80. This represents a 0.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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 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 Down 0.6 %

Shares of BOC traded down $0.08 during mid-day trading on Tuesday, hitting $14.18. 161,763 shares of the company’s stock were exchanged, compared to its average volume of 152,762. 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 52 week low of $12.41 and a 52 week high of $16.99. The company has a market cap of $444.88 million, a PE ratio of -42.97 and a beta of 0.80. The company has a 50-day simple moving average of $14.95 and a 200 day simple moving average of $14.35.

Boston Omaha (NYSE:BOC) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%. The company had revenue of $27.70 million during the quarter, compared to the consensus estimate of $27.20 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Boston Omaha during the third quarter worth $134,000. The Manufacturers Life Insurance Company bought a new stake in shares of Boston Omaha during the 2nd quarter worth about $139,000. Susquehanna Fundamental Investments LLC acquired a new position in Boston Omaha in the 2nd quarter valued at about $141,000. BNP Paribas Financial Markets lifted its position in Boston Omaha by 61.0% during the third quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock worth $200,000 after acquiring an additional 5,107 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Boston Omaha by 4.5% during the second quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock worth $289,000 after acquiring an additional 925 shares during the period. 60.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company restated an “equal weight” rating and set a $15.00 target price (down from $17.00) on shares of Boston Omaha in a report on Thursday, September 19th.

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.