Boston Omaha Co. (NYSE:BOC) Major Shareholder Omaha Corp Boston Sells 12,901 Shares

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 12,901 shares of Boston Omaha stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $11.35, for a total transaction of $146,426.35. Following the completion of the sale, the insider now directly owns 10,808,049 shares of the company’s stock, valued at $122,671,356.15. The trade was a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 Thursday, January 23rd, Omaha Corp Boston sold 16,470 shares of Boston Omaha stock. The stock was sold at an average price of $11.38, for a total value of $187,428.60.
• On Friday, January 17th, Omaha Corp Boston sold 7,861 shares of Boston Omaha stock. The stock was sold at an average price of $11.36, for a total value 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 value 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 stock was sold at an average price of $12.02, for a total transaction 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 transaction 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 value of $194,187.84.

Boston Omaha Stock Performance

Boston Omaha stock opened at $14.59 on Friday. 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 12 month low of $12.41 and a 12 month high of $16.99. The company has a market cap of $457.72 million, a price-to-earnings ratio of -44.21 and a beta of 0.82. The stock’s 50-day moving average is $14.55 and its 200-day moving average is $14.42.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in Boston Omaha during the 3rd quarter worth $134,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Boston Omaha during the second quarter valued at about $139,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Boston Omaha during the second quarter worth about $141,000. BNP Paribas Financial Markets lifted its stake 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 acquiring an additional 5,107 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Boston Omaha by 4.5% in 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. 60.36% of the stock is owned by institutional investors and hedge funds.

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.