Insider Selling: Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $194,187.84 in Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 15,904 shares of the stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $12.21, for a total transaction of $194,187.84. Following the transaction, the insider now owns 10,912,907 shares of the company’s stock, valued at approximately $133,246,594.47. The trade was a 0.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major 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 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 transaction of $109,468.62.

Boston Omaha Stock Performance

Boston Omaha stock opened at $14.04 on Friday. Boston Omaha Co. has a fifty-two week low of $12.41 and a fifty-two week high of $16.99. The stock has a market cap of $440.49 million, a price-to-earnings ratio of -42.54 and a beta of 0.80. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. The stock’s 50 day simple moving average is $14.90 and its two-hundred day simple moving average is $14.35.

Boston Omaha (NYSE:BOC) last announced its quarterly earnings data 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 return on equity of 1.76% and a negative net margin of 9.73%. The firm had revenue of $27.70 million during the quarter, compared to analysts’ expectations of $27.20 million.

Analyst Ratings Changes

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

Institutional Trading of Boston Omaha

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC grew its holdings in Boston Omaha by 4.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock valued at $289,000 after buying an additional 925 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Boston Omaha by 4.8% in the second quarter. Rhumbline Advisers now owns 39,908 shares of the company’s stock valued at $537,000 after acquiring an additional 1,822 shares during the period. American Century Companies Inc. boosted its position in shares of Boston Omaha by 20.2% during the second quarter. American Century Companies Inc. now owns 27,327 shares of the company’s stock valued at $368,000 after buying an additional 4,599 shares during the period. Pecaut & CO. boosted its holdings in Boston Omaha by 20.1% during the 2nd quarter. Pecaut & CO. now owns 29,900 shares of the company’s stock valued at $402,000 after acquiring an additional 5,000 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of 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 purchasing an additional 5,107 shares during the last quarter. 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.