Boston Omaha Co. (NYSE:BOC) Major Shareholder Omaha Corp Boston Sells 45,440 Shares

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 45,440 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $118,704,333.92. This trade represents a 0.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions 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 stock was sold at an average price of $13.29, for a total value 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 stock was 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 shares were sold at an average price of $11.03, for a total transaction of $48,587.15.
• On Wednesday, January 29th, Omaha Corp Boston sold 9,907 shares of Boston Omaha stock. The stock was sold at an average price of $11.25, for a total transaction of $111,453.75.
• On Monday, January 27th, Omaha Corp Boston sold 13,317 shares of Boston Omaha stock. The stock was 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 value of $187,428.60.
• On Tuesday, January 21st, Omaha Corp Boston sold 12,901 shares of Boston Omaha stock. The shares were sold at an average price of $11.35, for a total value of $146,426.35.
• On Friday, January 17th, Omaha Corp Boston sold 7,861 shares of Boston Omaha stock. The stock was 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 shares were sold at an average price of $11.18, for a total transaction of $99,021.26.

Boston Omaha Price Performance

Shares of NYSE:BOC opened at $14.52 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.09 and a quick ratio of 2.09. Boston Omaha Co. has a 12 month low of $12.41 and a 12 month high of $16.29. The firm has a market capitalization of $455.55 million, a P/E ratio of -44.00 and a beta of 0.84. The company’s fifty day moving average price is $14.47 and its 200 day moving average price is $14.64.

Boston Omaha (NYSE:BOC) last posted its earnings results on Friday, March 28th. The company reported $0.17 earnings per share for the quarter, beating 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 Investors Weigh In On Boston Omaha

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BOC. BNP Paribas Financial Markets increased its holdings 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 acquiring an additional 5,107 shares during the period. State Street Corp increased its stake in Boston Omaha by 1.9% in the third quarter. State Street Corp now owns 492,192 shares of the company’s stock valued at $7,319,000 after purchasing an additional 9,073 shares during the period. Barclays PLC increased its stake in Boston Omaha by 188.4% in the third quarter. Barclays PLC now owns 43,830 shares of the company’s stock valued at $652,000 after purchasing an additional 28,632 shares during the period. 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 valued at $7,939,000 after buying an additional 21,682 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Boston Omaha by 44.3% during the third quarter. JPMorgan Chase & Co. now owns 81,476 shares of the company’s stock worth $1,212,000 after buying an additional 25,027 shares during the period. Hedge funds and other institutional investors own 60.36% of the company’s stock.

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.