Insider Selling: Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells 13,317 Shares of Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 13,317 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $11.19, for a total value of $149,017.23. Following the completion of the sale, the insider now owns 10,757,544 shares of the company’s stock, valued at $120,376,917.36. This represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares 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 shares were sold at an average price of $11.38, for a total value of $187,428.60.
• On Tuesday, January 21st, Omaha Corp Boston sold 12,901 shares of Boston Omaha stock. The stock was 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 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 value of $1,682.80.
• On Monday, December 30th, Omaha Corp Boston sold 9,077 shares of Boston Omaha stock. The shares were 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 Stock Down 1.9 %

Shares of Boston Omaha stock opened at $14.73 on Friday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06. The company has a market cap of $461.92 million, a P/E ratio of -44.62 and a beta of 0.82. The firm’s 50 day moving average price is $14.56 and its 200-day moving average price is $14.48. Boston Omaha Co. has a 52-week low of $12.41 and a 52-week high of $16.99.

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

Institutional Investors Weigh In On Boston Omaha

Several institutional investors have recently added to or reduced their stakes in BOC. Rhumbline Advisers raised its position in shares of Boston Omaha by 4.4% in the 4th quarter. Rhumbline Advisers now owns 39,528 shares of the company’s stock valued at $560,000 after purchasing an additional 1,666 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of 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 buying an additional 1,837 shares during the last quarter. Fenimore Asset Management Inc lifted its stake in shares of Boston Omaha by 0.3% during the fourth 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 during the period. Flagstone Financial Management grew its holdings in shares of Boston Omaha by 35.4% during the fourth quarter. Flagstone Financial Management now owns 14,396 shares of the company’s stock valued at $204,000 after buying an additional 3,760 shares during the last quarter. Finally, American Century Companies Inc. increased its position 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 acquiring an additional 4,599 shares during the period. Institutional investors and hedge funds 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.