Boston Omaha (NASDAQ:BOMN) Shares Gap Down to $32.27

Boston Omaha Co. (NASDAQ:BOMN)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $32.27, but opened at $31.36. Boston Omaha shares last traded at $31.33, with a volume of 545 shares changing hands.

The firm’s 50 day moving average is $30.64. The company has a debt-to-equity ratio of 0.05, a quick ratio of 13.33 and a current ratio of 13.33. The stock has a market cap of $926.74 million, a P/E ratio of 7.70 and a beta of 0.42.

Boston Omaha (NASDAQ:BOMN) last posted its quarterly earnings data on Monday, May 24th. The company reported $3.09 earnings per share for the quarter. Boston Omaha had a net margin of 230.61% and a return on equity of 27.22%. The firm had revenue of $13.21 million during the quarter.

Hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Boston Omaha by 2.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,101,876 shares of the company’s stock valued at $58,117,000 after buying an additional 57,885 shares during the period. BlackRock Inc. raised its holdings in Boston Omaha by 18.2% in the 1st quarter. BlackRock Inc. now owns 1,126,968 shares of the company’s stock valued at $33,314,000 after acquiring an additional 173,523 shares during the period. Morgan Stanley raised its holdings in Boston Omaha by 308.1% in the 1st quarter. Morgan Stanley now owns 190,570 shares of the company’s stock valued at $5,633,000 after acquiring an additional 143,869 shares during the period. Dimensional Fund Advisors LP raised its holdings in Boston Omaha by 25.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 181,627 shares of the company’s stock valued at $5,373,000 after acquiring an additional 36,290 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Boston Omaha by 44.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 60,965 shares of the company’s stock worth $1,803,000 after purchasing an additional 18,687 shares in the last quarter. Hedge funds and other institutional investors own 70.16% of the company’s stock.

About Boston Omaha (NASDAQ:BOMN)

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 investment businesses. The company provides high-speed internet service to approximately 7,000 subscribers in communities in southern Arizona; and 10,000 subscribers in Salt Lake City, Park City, Ogden, Provo, and surrounding communities.

Further Reading: S&P/ASX 200 Index

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