Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $168,443.85 in Stock

Boston Omaha Co. (NYSE:BOC - Get Free Report) major shareholder Omaha Corp Boston sold 15,383 shares of the business's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $10.95, for a total transaction of $168,443.85. Following the completion of the transaction, the insider now owns 9,184,904 shares in the company, valued at approximately $100,574,698.80. This trade represents a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, April 28th, Omaha Corp Boston sold 13,691 shares of Boston Omaha stock. The shares were sold at an average price of $10.88, for a total transaction of $148,958.08.
• On Wednesday, April 23rd, Omaha Corp Boston sold 6,295 shares of Boston Omaha stock. The stock was 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 stock was sold at an average price of $11.08, for a total value 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 value of $196,719.32.
• On Friday, April 11th, Omaha Corp Boston sold 12,768 shares of Boston Omaha stock. The stock was sold at an average price of $11.39, for a total value of $145,427.52.
• On Wednesday, April 9th, Omaha Corp Boston sold 78,522 shares of Boston Omaha stock. The stock was 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 shares were 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 value of $401,318.13.

Boston Omaha Price Performance

Shares of NYSE BOC traded down $0.08 during mid-day trading on Thursday, reaching $15.45. The company had a trading volume of 131,601 shares, compared to its average volume of 150,258. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. Boston Omaha Co. has a one year low of $12.41 and a one year high of $16.20. The firm has a market cap of $486.07 million, a price-to-earnings ratio of -46.83 and a beta of 0.84. The business's 50-day simple moving average is $14.41 and its 200 day simple moving average is $14.64.

Boston Omaha (NYSE:BOC - Get Free Report) last issued its quarterly earnings results on Friday, March 28th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $27.93 million for the quarter, compared to analysts' expectations of $28.00 million.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BOC. Quantbot Technologies LP acquired a new position in Boston Omaha during the fourth quarter worth about $31,000. KLP Kapitalforvaltning AS acquired a new position in shares of Boston Omaha in the fourth quarter valued at approximately $79,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Boston Omaha in the fourth quarter valued at approximately $146,000. SG Americas Securities LLC increased its stake in shares of Boston Omaha by 20.4% in the fourth quarter. SG Americas Securities LLC now owns 10,833 shares of the company's stock valued at $154,000 after buying an additional 1,837 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Boston Omaha in the fourth quarter valued at approximately $192,000. Institutional investors and hedge funds own 60.36% of the company's stock.

Wall Street Analyst Weigh In

Separately, TD Cowen lowered their target price 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.

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.