Insider Selling: Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $116,837.85 in Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 10,029 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $11.65, for a total value of $116,837.85. Following the sale, the insider now directly owns 10,861,575 shares of the company’s stock, valued at approximately $126,537,348.75. This represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 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 stock was 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 0.4 %

Shares of Boston Omaha stock opened at $13.64 on Thursday. Boston Omaha Co. has a 1 year low of $12.41 and a 1 year high of $16.99. The company has a market cap of $427.94 million, a P/E ratio of -41.33 and a beta of 0.82. 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 stock has a 50-day moving average price of $14.79 and a 200 day moving average price of $14.35.

Boston Omaha (NYSE:BOC) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The company 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%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Boston Omaha

Several institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its position in Boston Omaha by 4.5% during the second quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock valued at $289,000 after purchasing an additional 925 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Boston Omaha by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 39,908 shares of the company’s stock valued at $537,000 after buying an additional 1,822 shares in the last quarter. American Century Companies Inc. grew 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 buying an additional 4,599 shares in the last quarter. Pecaut & CO. increased its holdings in Boston Omaha by 20.1% in the second quarter. Pecaut & CO. now owns 29,900 shares of the company’s stock worth $402,000 after buying an additional 5,000 shares during the last quarter. Finally, BNP Paribas Financial Markets raised 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 valued at $200,000 after acquiring an additional 5,107 shares in the last quarter. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

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.