Brandywine Global Investment Management LLC Takes $1.48 Million Position in Boston Omaha Co. (NYSE:BOC)

Brandywine Global Investment Management LLC bought a new stake in Boston Omaha Co. (NYSE:BOC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 104,450 shares of the company’s stock, valued at approximately $1,481,000. Brandywine Global Investment Management LLC owned 0.33% of Boston Omaha as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Boston Omaha by 58.1% in the fourth quarter. JPMorgan Chase & Co. now owns 128,827 shares of the company’s stock valued at $1,827,000 after buying an additional 47,351 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Boston Omaha during the 4th quarter worth approximately $79,000. American Century Companies Inc. raised its stake in Boston Omaha by 19.5% in the 4th quarter. American Century Companies Inc. now owns 42,069 shares of the company’s stock valued at $597,000 after acquiring an additional 6,858 shares during the period. Quantbot Technologies LP acquired a new stake in Boston Omaha during the 4th quarter valued at $31,000. Finally, Intech Investment Management LLC bought a new position in Boston Omaha during the fourth quarter worth $192,000. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Boston Omaha

In other news, major shareholder Omaha Corp Boston sold 8,857 shares of Boston Omaha stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $11.18, for a total transaction of $99,021.26. Following the completion of the sale, the insider now owns 10,852,718 shares of the company’s stock, valued at approximately $121,333,387.24. This trade represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 174,225 shares of company stock worth $2,086,671 in the last ninety days. 23.33% of the stock is owned by company insiders.

Boston Omaha Price Performance

Shares of BOC opened at $14.72 on Thursday. The company’s 50-day moving average is $14.48 and its 200-day moving average is $14.64. 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 capitalization of $461.83 million, a PE ratio of -44.60 and a beta of 0.84. Boston Omaha Co. has a fifty-two week low of $12.41 and a fifty-two week high of $16.29.

Boston Omaha (NYSE:BOC) last released its quarterly earnings results on Friday, March 28th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.19. Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%. The firm had revenue of $27.93 million for the quarter, compared to analysts’ expectations of $28.00 million.

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.