Susquehanna Fundamental Investments LLC Makes New $301,000 Investment in Boston Omaha Co. (NYSE:BOC)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Boston Omaha Co. (NYSE:BOC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,228 shares of the company's stock, valued at approximately $301,000. Susquehanna Fundamental Investments LLC owned 0.07% of Boston Omaha as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Quantbot Technologies LP acquired a new stake in shares of Boston Omaha during the fourth quarter valued at about $31,000. KLP Kapitalforvaltning AS bought a new position in shares of Boston Omaha in the fourth quarter valued at approximately $79,000. Price T Rowe Associates Inc. MD bought a new position in shares of Boston Omaha during the 4th quarter valued at about $146,000. SG Americas Securities LLC boosted its stake 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 in the last quarter. Finally, Intech Investment Management LLC acquired a new position in Boston Omaha in the 4th quarter worth approximately $192,000. 60.36% of the stock is owned by institutional investors and hedge funds.

Boston Omaha Trading Up 0.8 %

Shares of BOC stock traded up $0.12 during trading hours on Wednesday, reaching $15.43. The company had a trading volume of 76,659 shares, compared to its average volume of 149,474. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.09 and a quick ratio of 2.09. The firm has a market cap of $485.41 million, a price-to-earnings ratio of -46.77 and a beta of 1.01. The company has a 50 day moving average of $14.51 and a 200 day moving average of $14.66. 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 business had revenue of $27.93 million for the quarter, compared to the consensus estimate of $28.00 million. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%.

Insider Transactions at Boston Omaha

In other news, major shareholder Omaha Corp Boston sold 30,197 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $13.29, for a total transaction of $401,318.13. Following the transaction, the insider now owns 9,506,869 shares of the company's stock, valued at $126,346,289.01. This represents a 0.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 273,846 shares of company stock valued at $3,188,251. 23.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, TD Cowen reduced their price target on 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 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.