Boston Omaha Co. (NYSE:BOC) Major Shareholder Omaha Corp Boston Sells 8,857 Shares

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 8,857 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $11.18, for a total value of $99,021.26. Following the sale, the insider now owns 10,852,718 shares of the company’s stock, valued at approximately $121,333,387.24. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• 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 Monday, January 6th, Omaha Corp Boston sold 10,029 shares of Boston Omaha stock. The stock was sold at an average price of $11.65, for a total transaction of $116,837.85.
• On Thursday, January 2nd, Omaha Corp Boston sold 140 shares of Boston Omaha stock. The stock was sold at an average price of $12.02, for a total value of $1,682.80.
• On Monday, December 30th, Omaha Corp Boston sold 9,077 shares of Boston Omaha stock. The stock was sold at an average price of $12.06, for a total value of $109,468.62.
• On Friday, December 27th, Omaha Corp Boston sold 15,904 shares of Boston Omaha stock. The stock was sold at an average price of $12.21, for a total transaction of $194,187.84.

Boston Omaha Price Performance

NYSE BOC opened at $14.78 on Friday. The stock has a market capitalization of $463.68 million, a PE ratio of -44.79 and a beta of 0.82. The stock has a 50-day simple moving average of $14.61 and a 200 day simple moving average of $14.37. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. Boston Omaha Co. has a twelve month low of $12.41 and a twelve month high of $16.99.

Boston Omaha (NYSE:BOC) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The company had revenue of $27.70 million during the quarter, compared to analyst estimates of $27.20 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

Several institutional investors have recently made changes to their positions in BOC. Commonwealth Equity Services LLC raised its holdings in shares of Boston Omaha by 4.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock worth $289,000 after buying an additional 925 shares in the last quarter. Rhumbline Advisers grew its position in Boston Omaha by 4.8% in the second quarter. Rhumbline Advisers now owns 39,908 shares of the company’s stock valued at $537,000 after acquiring an additional 1,822 shares during the period. SG Americas Securities LLC raised its stake in Boston Omaha by 20.4% during the fourth quarter. SG Americas Securities LLC now owns 10,833 shares of the company’s stock worth $154,000 after acquiring an additional 1,837 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Boston Omaha by 20.2% during the second quarter. American Century Companies Inc. now owns 27,327 shares of the company’s stock valued at $368,000 after acquiring an additional 4,599 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Boston Omaha by 61.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock valued at $200,000 after purchasing an additional 5,107 shares in the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Boston Omaha Company 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.