Boston Omaha (NYSE:BOC) Director Jeffrey Royal Acquires 10,000 Shares

Boston Omaha Corporation (NYSE:BOC) Director Jeffrey Royal bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average cost of $12.40 per share, with a total value of $124,000.00. Following the purchase, the director directly owned 10,000 shares of the company’s stock, valued at approximately $124,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Boston Omaha Price Performance

Boston Omaha stock traded down $0.12 during midday trading on Wednesday, hitting $12.63. The company’s stock had a trading volume of 173,748 shares, compared to its average volume of 165,938. Boston Omaha Corporation has a 12 month low of $10.52 and a 12 month high of $15.10. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $383.97 million, a PE ratio of -28.70 and a beta of 0.67. The stock’s 50-day moving average price is $12.09 and its 200-day moving average price is $12.40.

Boston Omaha (NYSE:BOC) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The business had revenue of $28.25 million for the quarter, compared to the consensus estimate of $29.20 million. Boston Omaha had a negative net margin of 12.10% and a negative return on equity of 2.57%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BOC shares. Weiss Ratings raised Boston Omaha from a “sell (e+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Wall Street Zen upgraded Boston Omaha from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Boston Omaha

Several large investors have recently made changes to their positions in BOC. Elgethun Capital Management grew its holdings in Boston Omaha by 36.1% during the third quarter. Elgethun Capital Management now owns 1,426,608 shares of the company’s stock valued at $18,632,000 after purchasing an additional 378,624 shares during the last quarter. State of Wyoming acquired a new stake in shares of Boston Omaha in the second quarter worth $50,000. Bank of America Corp DE lifted its stake in shares of Boston Omaha by 14.3% in the first quarter. Bank of America Corp DE now owns 21,969 shares of the company’s stock worth $257,000 after buying an additional 2,756 shares during the last quarter. Stevens Capital Partners boosted its holdings in shares of Boston Omaha by 4.8% during the 1st quarter. Stevens Capital Partners now owns 456,551 shares of the company’s stock worth $5,333,000 after buying an additional 20,807 shares during the period. Finally, Global Retirement Partners LLC grew its stake in Boston Omaha by 127.3% in the 4th quarter. Global Retirement Partners LLC now owns 17,053 shares of the company’s stock valued at $211,000 after buying an additional 9,551 shares during the last quarter. Institutional investors own 60.36% of the company’s stock.

Boston Omaha Company Profile

Boston Omaha Corporation is a publicly traded holding company headquartered in Omaha, Nebraska. Since its founding in 2015, the company has focused on acquiring and operating growth-oriented businesses in industries with attractive demand characteristics. Boston Omaha’s diversified platform includes middle-mile fiber networks, greenhouse agriculture operations and automotive finance services.

In its telecommunications segment, Boston Omaha develops and operates fiber-based, middle-mile networks that connect carriers, internet service providers and enterprise customers.