Boston Omaha Co. (NYSE:BOC) Director Acquires $40,410.00 in Stock

Boston Omaha Co. (NYSE:BOC) Director Vishnu Srinivasan purchased 3,000 shares of Boston Omaha stock in a transaction that occurred on Wednesday, May 22nd. The shares were acquired at an average price of $13.47 per share, with a total value of $40,410.00. Following the acquisition, the director now directly owns 12,750 shares of the company’s stock, valued at approximately $171,742.50. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Boston Omaha Price Performance

BOC traded up $0.45 during trading on Friday, hitting $14.84. 192,241 shares of the stock traded hands, compared to its average volume of 160,099. Boston Omaha Co. has a twelve month low of $13.33 and a twelve month high of $20.81. The company has a market cap of $466.87 million, a price-to-earnings ratio of -70.66 and a beta of 0.77. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.92 and a quick ratio of 2.92. The business has a 50 day moving average price of $15.41 and a 200 day moving average price of $15.44.

Boston Omaha (NYSE:BOC) last announced its quarterly earnings results on Friday, May 17th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The company had revenue of $25.55 million for the quarter, compared to analyst estimates of $25.50 million. Boston Omaha had a negative return on equity of 1.08% and a negative net margin of 6.56%.

Institutional Trading of Boston Omaha

Several institutional investors have recently modified their holdings of BOC. Security National Bank bought a new position in shares of Boston Omaha during the 4th quarter worth about $44,000. Bfsg LLC acquired a new stake in shares of Boston Omaha in the 1st quarter worth about $48,000. AJOVista LLC acquired a new stake in shares of Boston Omaha in the 4th quarter worth about $66,000. Simplex Trading LLC raised its holdings in shares of Boston Omaha by 489.5% in the 4th quarter. Simplex Trading LLC now owns 5,394 shares of the company’s stock worth $84,000 after acquiring an additional 4,479 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Boston Omaha by 864.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,824 shares of the company’s stock worth $92,000 after acquiring an additional 5,220 shares during the last quarter. Institutional investors own 60.36% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BOC. TD Cowen reduced their price objective on Boston Omaha from $35.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, April 2nd. Wells Fargo & Company reduced their price objective on Boston Omaha from $23.00 to $17.00 and set an “overweight” rating for the company in a report on Monday.

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.