Insider Selling: Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells 24,322 Shares of Stock

Boston Omaha Co. (NYSE:BOC - Get Free Report) major shareholder Omaha Corp Boston sold 24,322 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $10.81, for a total value of $262,920.82. Following the transaction, the insider now directly owns 9,092,127 shares in the company, valued at $98,285,892.87. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, May 30th, Omaha Corp Boston sold 52,839 shares of Boston Omaha stock. The stock was sold at an average price of $10.30, for a total value of $544,241.70.
• On Thursday, May 29th, Omaha Corp Boston sold 18,291 shares of Boston Omaha stock. The stock was sold at an average price of $10.79, for a total value of $197,359.89.
• On Wednesday, May 28th, Omaha Corp Boston sold 12,136 shares of Boston Omaha stock. The stock was sold at an average price of $10.69, for a total value of $129,733.84.
• On Tuesday, May 27th, Omaha Corp Boston sold 11,198 shares of Boston Omaha stock. The stock was sold at an average price of $10.07, for a total value of $112,763.86.
• On Thursday, May 22nd, Omaha Corp Boston sold 19,024 shares of Boston Omaha stock. The shares were sold at an average price of $10.87, for a total value of $206,790.88.
• On Wednesday, May 21st, Omaha Corp Boston sold 701 shares of Boston Omaha stock. The shares were sold at an average price of $11.28, for a total value of $7,907.28.
• On Tuesday, May 20th, Omaha Corp Boston sold 3,842 shares of Boston Omaha stock. The stock was sold at an average price of $11.68, for a total value of $44,874.56.
• On Monday, May 19th, Omaha Corp Boston sold 31,197 shares of Boston Omaha stock. The stock was sold at an average price of $11.85, for a total value of $369,684.45.
• 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 value of $148,958.08.
• On Friday, April 25th, Omaha Corp Boston sold 15,383 shares of Boston Omaha stock. The shares were sold at an average price of $10.95, for a total value of $168,443.85.

Boston Omaha Stock Performance

Boston Omaha stock traded down $0.25 during mid-day trading on Friday, reaching $14.69. 122,796 shares of the company's stock were exchanged, compared to its average volume of 138,931. The firm has a market capitalization of $462.04 million, a PE ratio of -44.51 and a beta of 1.01. The business's fifty day simple moving average is $14.77 and its 200 day simple moving average is $14.60. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06. Boston Omaha Co. has a one year low of $12.41 and a one year high of $16.20.

Boston Omaha (NYSE:BOC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03). Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%. The company had revenue of $27.73 million during the quarter, compared to analysts' expectations of $27.14 million.

Institutional Investors Weigh In On Boston Omaha

Hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its position in Boston Omaha by 6.3% during the 1st quarter. AQR Capital Management LLC now owns 13,849 shares of the company's stock valued at $202,000 after purchasing an additional 815 shares during the last quarter. Rhumbline Advisers raised its position in Boston Omaha by 4.4% during the 4th quarter. Rhumbline Advisers now owns 39,528 shares of the company's stock valued at $560,000 after purchasing an additional 1,666 shares during the last quarter. Flagstone Financial Management raised its position in Boston Omaha by 11.9% during the 1st quarter. Flagstone Financial Management now owns 16,115 shares of the company's stock valued at $235,000 after purchasing an additional 1,719 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Boston Omaha by 20.4% during the 4th quarter. SG Americas Securities LLC now owns 10,833 shares of the company's stock worth $154,000 after acquiring an additional 1,837 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of Boston Omaha by 13.5% during the 4th quarter. Wells Fargo & Company MN now owns 18,317 shares of the company's stock worth $260,000 after acquiring an additional 2,175 shares during the period. Institutional investors own 60.36% of the company's stock.

Analyst Upgrades and Downgrades

Separately, TD Cowen decreased their price target on Boston Omaha from $28.00 to $25.00 and set a "buy" rating for the company 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.