Boston Omaha Co. (NYSE:BOC) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in shares of Boston Omaha Co. (NYSE:BOC - Free Report) by 6.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,471,085 shares of the company's stock after purchasing an additional 85,000 shares during the quarter. Dimensional Fund Advisors LP owned about 4.69% of Boston Omaha worth $20,860,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in BOC. Quantbot Technologies LP purchased a new position in shares of Boston Omaha in the 4th quarter valued at about $31,000. KLP Kapitalforvaltning AS acquired a new position in Boston Omaha during the 4th quarter worth approximately $79,000. SG Americas Securities LLC increased its position in shares of Boston Omaha by 20.4% in the 4th quarter. SG Americas Securities LLC now owns 10,833 shares of the company's stock valued at $154,000 after purchasing an additional 1,837 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Boston Omaha during the 4th quarter worth $192,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Boston Omaha during the fourth quarter worth $194,000. Hedge funds and other institutional investors own 60.36% of the company's stock.

Boston Omaha Price Performance

NYSE:BOC traded up $0.14 during mid-day trading on Friday, hitting $15.49. 81,910 shares of the company's stock traded hands, compared to its average volume of 147,910. 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 company has a market cap of $487.21 million, a PE ratio of -46.94 and a beta of 1.01. The firm's 50 day simple moving average is $14.57 and its 200 day simple moving average is $14.67. Boston Omaha Co. has a 1 year low of $12.41 and a 1 year high of $16.20.

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

Insiders Place Their Bets

In related news, major shareholder Omaha Corp Boston sold 7,806 shares of Boston Omaha stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $11.36, for a total transaction of $88,676.16. Following the sale, the insider now owns 10,713,364 shares of the company's stock, valued at $121,703,815.04. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 273,846 shares of company stock valued at $3,188,251 in the last quarter. 23.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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 report on Wednesday, April 9th.

About Boston Omaha

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.