Insider Selling: Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells 18,291 Shares of Stock

Boston Omaha Co. (NYSE:BOC - Get Free Report) major shareholder Omaha Corp Boston sold 18,291 shares of Boston Omaha stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $10.79, for a total transaction of $197,359.89. Following the completion of the transaction, the insider now directly owns 9,050,502 shares of the company's stock, valued at approximately $97,654,916.58. This represents a 0.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 Friday, May 30th, Omaha Corp Boston sold 52,839 shares of Boston Omaha stock. The shares were sold at an average price of $10.30, for a total value of $544,241.70.
• On Wednesday, May 28th, Omaha Corp Boston sold 12,136 shares of Boston Omaha stock. The shares were 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 Friday, May 23rd, Omaha Corp Boston sold 24,322 shares of Boston Omaha stock. The stock was sold at an average price of $10.81, for a total value of $262,920.82.
• 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 stock was 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 shares were 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 shares were sold at an average price of $11.85, for a total transaction 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 transaction of $148,958.08.
• 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.

Boston Omaha Stock Performance

BOC traded down $0.04 on Tuesday, reaching $14.19. The company had a trading volume of 101,493 shares, compared to its average volume of 139,300. The stock has a market cap of $446.35 million, a P/E ratio of -43.00 and a beta of 1.01. 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 fifty-two week low of $12.41 and a fifty-two week high of $16.20. The company's fifty day moving average is $14.75 and its 200 day moving average is $14.59.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BOC. AQR Capital Management LLC boosted its position in shares of 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 in the last quarter. Rhumbline Advisers raised its holdings in shares of Boston Omaha by 4.4% in the fourth 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 grew its holdings in shares of Boston Omaha by 11.9% in the first quarter. Flagstone Financial Management now owns 16,115 shares of the company's stock valued at $235,000 after acquiring an additional 1,719 shares in the last quarter. SG Americas Securities LLC grew its stake in 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 period. Finally, Wells Fargo & Company MN increased its holdings in Boston Omaha by 13.5% during the fourth quarter. Wells Fargo & Company MN now owns 18,317 shares of the company's stock worth $260,000 after buying an additional 2,175 shares during the last quarter. 60.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, TD Cowen decreased their target price 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.