Insider Selling: Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells 12,768 Shares of Stock

Boston Omaha Co. (NYSE:BOC - Get Free Report) major shareholder Omaha Corp Boston sold 12,768 shares of Boston Omaha stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $11.39, for a total value of $145,427.52. Following the completion of the transaction, the insider now directly owns 9,322,805 shares of the company's stock, valued at approximately $106,186,748.95. This represents a 0.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

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

• 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 shares were sold at an average price of $11.69, for a total transaction of $196,719.32.
• 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 value 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 stock was 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 transaction of $401,318.13.
• On Thursday, February 13th, Omaha Corp Boston sold 7,035 shares of Boston Omaha stock. The shares were sold at an average price of $11.07, for a total transaction of $77,877.45.
• On Tuesday, February 11th, Omaha Corp Boston sold 7,806 shares of Boston Omaha stock. The stock was sold at an average price of $11.36, for a total transaction of $88,676.16.
• On Friday, January 31st, Omaha Corp Boston sold 4,405 shares of Boston Omaha stock. The stock was sold at an average price of $11.03, for a total value of $48,587.15.
• On Wednesday, January 29th, Omaha Corp Boston sold 9,907 shares of Boston Omaha stock. The stock was sold at an average price of $11.25, for a total value of $111,453.75.

Boston Omaha Stock Performance

Shares of Boston Omaha stock traded up $0.16 on Friday, hitting $14.72. The stock had a trading volume of 186,701 shares, compared to its average volume of 151,155. The company's 50 day moving average price is $14.36 and its 200 day moving average price is $14.59. The stock has a market cap of $462.99 million, a price-to-earnings ratio of -44.60 and a beta of 0.84. 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 Co. has a 52-week low of $12.41 and a 52-week high of $16.29.

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

Institutional Investors Weigh In On Boston Omaha

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC raised its stake in Boston Omaha by 188.4% during the 3rd quarter. Barclays PLC now owns 43,830 shares of the company's stock valued at $652,000 after acquiring an additional 28,632 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Boston Omaha in the 4th quarter valued at $795,000. JPMorgan Chase & Co. raised its position in Boston Omaha by 44.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 81,476 shares of the company's stock worth $1,212,000 after buying an additional 25,027 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Boston Omaha by 19.5% in the 4th quarter. American Century Companies Inc. now owns 42,069 shares of the company's stock worth $597,000 after acquiring an additional 6,858 shares during the period. Finally, Meixler Investment Management Ltd. boosted its holdings in shares of Boston Omaha by 38.8% in the fourth quarter. Meixler Investment Management Ltd. now owns 101,630 shares of the company's stock valued at $1,441,000 after acquiring an additional 28,424 shares in the last quarter. 60.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, TD Cowen reduced their price objective on shares of Boston Omaha from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th.

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.