Boston Omaha Co. (NYSE:BOC) Shares Sold by Santa Monica Partners LP

Santa Monica Partners LP decreased its holdings in shares of Boston Omaha Co. (NYSE:BOC) by 3.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 130,155 shares of the company’s stock after selling 4,000 shares during the quarter. Boston Omaha makes up approximately 1.0% of Santa Monica Partners LP’s investment portfolio, making the stock its 10th largest position. Santa Monica Partners LP’s holdings in Boston Omaha were worth $1,846,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Rhumbline Advisers lifted its position in 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 period. Flagstone Financial Management lifted its position in Boston Omaha by 35.4% in the fourth quarter. Flagstone Financial Management now owns 14,396 shares of the company’s stock valued at $204,000 after purchasing an additional 3,760 shares during the period. Fenimore Asset Management Inc lifted its position in Boston Omaha by 0.3% in the fourth quarter. Fenimore Asset Management Inc now owns 938,162 shares of the company’s stock valued at $13,303,000 after purchasing an additional 2,455 shares during the period. SG Americas Securities LLC lifted its position in 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 purchasing an additional 1,837 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Boston Omaha by 44.3% in the third quarter. JPMorgan Chase & Co. now owns 81,476 shares of the company’s stock valued at $1,212,000 after purchasing an additional 25,027 shares during the period. Institutional investors and hedge funds own 60.36% of the company’s stock.

Insider Buying and Selling at Boston Omaha

In other Boston Omaha news, major shareholder Omaha Corp Boston sold 4,405 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $11.03, for a total value of $48,587.15. Following the completion of the transaction, the insider now directly owns 10,721,170 shares of the company’s stock, valued at approximately $118,254,505.10. This trade represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders sold 123,709 shares of company stock valued at $1,419,966. Corporate insiders own 23.33% of the company’s stock.

Boston Omaha Price Performance

Shares of NYSE:BOC opened at $15.25 on Friday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06. The company has a market cap of $478.42 million, a P/E ratio of -46.21 and a beta of 0.82. Boston Omaha Co. has a 52 week low of $12.41 and a 52 week high of $16.99. The company has a 50-day moving average price of $14.51 and a 200 day moving average price of $14.54.

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.