Boston Omaha (NYSE:BOC) Director Jeffrey Royal Purchases 10,000 Shares of Stock

Boston Omaha Corporation (NYSE:BOC) Director Jeffrey Royal purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was bought at an average cost of $12.72 per share, with a total value of $127,200.00. Following the acquisition, the director owned 69,644 shares of the company’s stock, valued at approximately $885,871.68. The trade was a 16.77% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Boston Omaha Trading Down 0.9%

Shares of Boston Omaha stock opened at $12.63 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a fifty day moving average price of $12.09 and a 200 day moving average price of $12.40. Boston Omaha Corporation has a 1 year low of $10.52 and a 1 year high of $15.10. The stock has a market cap of $383.92 million, a PE ratio of -28.70 and a beta of 0.67.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BOC shares. Weiss Ratings upgraded 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 research note on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Elgethun Capital Management boosted its stake in shares of Boston Omaha by 36.1% during the 3rd quarter. Elgethun Capital Management now owns 1,426,608 shares of the company’s stock worth $18,632,000 after acquiring an additional 378,624 shares in the last quarter. Nitor Capital Management LLC acquired a new stake in shares of Boston Omaha during the 4th quarter valued at about $4,581,000. First Manhattan CO. LLC. purchased a new position in shares of Boston Omaha in the 4th quarter valued at about $4,131,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Boston Omaha in the 2nd quarter valued at about $2,214,000. Finally, Jane Street Group LLC raised its holdings in Boston Omaha by 104.7% in the 1st quarter. Jane Street Group LLC now owns 87,917 shares of the company’s stock worth $1,282,000 after purchasing an additional 44,968 shares during the period. Institutional investors and hedge funds own 60.36% of the company’s stock.

About Boston Omaha

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.