Boston Omaha Co. (NYSE:BOC) Shares Purchased by Fenimore Asset Management Inc

Fenimore Asset Management Inc grew its position in shares of Boston Omaha Co. (NYSE:BOC) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 938,162 shares of the company’s stock after purchasing an additional 2,455 shares during the period. Fenimore Asset Management Inc’s holdings in Boston Omaha were worth $13,303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BOC. American Century Companies Inc. lifted its stake 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. Dimensional Fund Advisors LP grew its stake in Boston Omaha by 9.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,249,746 shares of the company’s stock worth $16,822,000 after acquiring an additional 105,152 shares during the period. Renaissance Technologies LLC raised its holdings in Boston Omaha by 333.9% in the 2nd quarter. Renaissance Technologies LLC now owns 193,100 shares of the company’s stock valued at $2,599,000 after acquiring an additional 148,600 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Boston Omaha during the 2nd quarter worth $139,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Boston Omaha during the second quarter worth $141,000. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

Boston Omaha Stock Down 0.4 %

Boston Omaha stock opened at $14.58 on Friday. The stock has a fifty day moving average price of $14.55 and a 200 day moving average price of $14.43. Boston Omaha Co. has a 52 week low of $12.41 and a 52 week high of $16.99. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06.

Boston Omaha (NYSE:BOC) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 9.73% and a negative return on equity of 1.76%.

Insider Buying and Selling

In related news, major shareholder Omaha Corp Boston sold 15,904 shares of Boston Omaha stock in a transaction on Friday, December 27th. The stock was sold at an average price of $12.21, for a total value of $194,187.84. Following the transaction, the insider now owns 10,912,907 shares in the company, valued at approximately $133,246,594.47. This trade represents a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 81,239 shares of company stock valued at $944,354. Insiders own 23.33% 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.