Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $148,958.08 in Stock

Boston Omaha Co. (NYSE:BOC - Get Free Report) major shareholder Omaha Corp Boston sold 13,691 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $10.88, for a total value of $148,958.08. Following the sale, the insider now owns 9,171,213 shares in the company, valued at approximately $99,782,797.44. This trade represents a 0.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Omaha Corp Boston also recently made the following trade(s):

• On Friday, April 25th, Omaha Corp Boston sold 15,383 shares of Boston Omaha stock. The stock was sold at an average price of $10.95, for a total transaction of $168,443.85.
• On Wednesday, April 23rd, Omaha Corp Boston sold 6,295 shares of Boston Omaha stock. The shares were sold at an average price of $11.07, for a total value of $69,685.65.
• On Monday, April 21st, Omaha Corp Boston sold 17,037 shares of Boston Omaha stock. The stock was sold at an average price of $11.19, for a total value of $190,644.03.
• On Wednesday, April 16th, Omaha Corp Boston sold 10,406 shares of Boston Omaha stock. The shares were sold at an average price of $11.08, for a total transaction of $115,298.48.
• On Monday, April 14th, Omaha Corp Boston sold 16,828 shares of Boston Omaha stock. The stock was sold at an average price of $11.69, for a total transaction of $196,719.32.
• On Friday, April 11th, Omaha Corp Boston sold 12,768 shares of Boston Omaha stock. The shares were sold at an average price of $11.39, for a total transaction of $145,427.52.
• On Wednesday, April 9th, Omaha Corp Boston sold 78,522 shares of Boston Omaha stock. The shares were sold at an average price of $11.06, for a total transaction of $868,453.32.
• On Monday, April 7th, Omaha Corp Boston sold 12,438 shares of Boston Omaha stock. The stock was sold at an average price of $11.74, for a total value of $146,022.12.
• On Wednesday, April 2nd, Omaha Corp Boston sold 45,440 shares of Boston Omaha stock. The shares were sold at an average price of $12.56, for a total value of $570,726.40.
• On Monday, March 31st, Omaha Corp Boston sold 30,197 shares of Boston Omaha stock. The stock was sold at an average price of $13.29, for a total value of $401,318.13.

Boston Omaha Stock Up 0.1 %

NYSE:BOC traded up $0.01 on Friday, hitting $15.42. 49,525 shares of the company's stock were exchanged, compared to its average volume of 149,968. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.09 and a quick ratio of 2.09. The firm has a 50-day moving average price of $14.43 and a 200-day moving average price of $14.65. The company has a market cap of $485.01 million, a P/E ratio of -46.73 and a beta of 0.84. Boston Omaha Co. has a 52 week low of $12.41 and a 52 week high of $16.20.

Boston Omaha (NYSE:BOC - Get Free Report) last announced its quarterly earnings data on Friday, March 28th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.19. The company had revenue of $27.93 million during the quarter, compared to the consensus estimate of $28.00 million. Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%.

Analyst Upgrades and Downgrades

Separately, TD Cowen dropped their price objective on Boston Omaha from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th.

Institutional Investors Weigh In On Boston Omaha

Several hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in shares of Boston Omaha by 6.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,471,085 shares of the company's stock valued at $20,860,000 after purchasing an additional 85,000 shares during the period. Fenimore Asset Management Inc raised its holdings in Boston Omaha by 1.0% in the 1st quarter. Fenimore Asset Management Inc now owns 947,797 shares of the company's stock valued at $13,819,000 after acquiring an additional 9,635 shares during the period. Elgethun Capital Management lifted its position in Boston Omaha by 16.4% during the fourth quarter. Elgethun Capital Management now owns 559,485 shares of the company's stock worth $7,933,000 after acquiring an additional 78,662 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Boston Omaha by 4.2% during the third quarter. Geode Capital Management LLC now owns 533,777 shares of the company's stock worth $7,939,000 after acquiring an additional 21,682 shares during the period. Finally, Ironvine Capital Partners LLC grew its position in shares of Boston Omaha by 2.0% in the fourth quarter. Ironvine Capital Partners LLC now owns 495,791 shares of the company's stock valued at $7,030,000 after purchasing an additional 9,646 shares during the last quarter. Institutional investors and hedge funds 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.