Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $570,726.40 in Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 45,440 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $12.56, for a total value of $570,726.40. Following the sale, the insider now owns 9,450,982 shares of the company’s stock, valued at $118,704,333.92. This trade represents a 0.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Omaha Corp Boston also recently made the following trade(s):

• On Monday, March 31st, Omaha Corp Boston sold 30,197 shares of Boston Omaha stock. The shares were sold at an average price of $13.29, for a total transaction of $401,318.13.
• On Thursday, February 13th, Omaha Corp Boston sold 7,035 shares of Boston Omaha stock. The shares were sold at an average price of $11.07, for a total transaction of $77,877.45.
• On Tuesday, February 11th, Omaha Corp Boston sold 7,806 shares of Boston Omaha stock. The shares were sold at an average price of $11.36, for a total transaction of $88,676.16.
• On Friday, January 31st, Omaha Corp Boston sold 4,405 shares of Boston Omaha stock. The stock was sold at an average price of $11.03, for a total value of $48,587.15.
• On Wednesday, January 29th, Omaha Corp Boston sold 9,907 shares of Boston Omaha stock. The shares were sold at an average price of $11.25, for a total value of $111,453.75.
• On Monday, January 27th, Omaha Corp Boston sold 13,317 shares of Boston Omaha stock. The shares were sold at an average price of $11.19, for a total value of $149,017.23.
• On Thursday, January 23rd, Omaha Corp Boston sold 16,470 shares of Boston Omaha stock. The shares were sold at an average price of $11.38, for a total transaction of $187,428.60.
• On Tuesday, January 21st, Omaha Corp Boston sold 12,901 shares of Boston Omaha stock. The stock was sold at an average price of $11.35, for a total transaction of $146,426.35.
• On Friday, January 17th, Omaha Corp Boston sold 7,861 shares of Boston Omaha stock. The shares were sold at an average price of $11.36, for a total transaction of $89,300.96.
• On Wednesday, January 15th, Omaha Corp Boston sold 8,857 shares of Boston Omaha stock. The stock was sold at an average price of $11.18, for a total value of $99,021.26.

Boston Omaha Stock Performance

Shares of BOC stock opened at $14.19 on Friday. The stock has a fifty day moving average price of $14.47 and a 200 day moving average price of $14.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. The stock has a market cap of $446.16 million, a PE ratio of -42.98 and a beta of 0.84. Boston Omaha Co. has a 1 year low of $12.41 and a 1 year 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 (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.19. The business had revenue of $27.93 million during 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%.

Institutional Trading of Boston Omaha

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in shares of Boston Omaha by 6.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,471,085 shares of the company’s stock worth $20,860,000 after purchasing an additional 85,000 shares in the last quarter. Fenimore Asset Management Inc increased its position in Boston Omaha by 0.3% during the fourth quarter. Fenimore Asset Management Inc now owns 938,162 shares of the company’s stock worth $13,303,000 after buying an additional 2,455 shares in the last quarter. Elgethun Capital Management increased its position in Boston Omaha by 16.4% during the fourth quarter. Elgethun Capital Management now owns 559,485 shares of the company’s stock worth $7,933,000 after buying an additional 78,662 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Boston Omaha by 4.2% in the third quarter. Geode Capital Management LLC now owns 533,777 shares of the company’s stock worth $7,939,000 after acquiring an additional 21,682 shares during the last quarter. Finally, Ironvine Capital Partners LLC lifted its position in shares of Boston Omaha by 2.0% in the fourth quarter. Ironvine Capital Partners LLC now owns 495,791 shares of the company’s stock valued at $7,030,000 after acquiring an additional 9,646 shares in the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.

About Boston Omaha

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.