Omaha Corp Boston Sells 78,522 Shares of Boston Omaha Co. (NYSE:BOC) Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 78,522 shares of Boston Omaha stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $11.06, for a total value of $868,453.32. Following the sale, the insider now directly owns 9,359,724 shares in the company, valued at approximately $103,518,547.44. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, April 7th, Omaha Corp Boston sold 12,438 shares of Boston Omaha stock. The shares were sold at an average price of $11.74, for a total transaction of $146,022.12.
• On Wednesday, April 2nd, Omaha Corp Boston sold 45,440 shares of Boston Omaha stock. The shares were sold at an average price of $12.56, for a total value of $570,726.40.
• On Monday, March 31st, Omaha Corp Boston sold 30,197 shares of Boston Omaha stock. The shares were sold at an average price of $13.29, for a total transaction of $401,318.13.
• On Thursday, February 13th, Omaha Corp Boston sold 7,035 shares of Boston Omaha stock. The stock was sold at an average price of $11.07, for a total value 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 value of $48,587.15.
• On Wednesday, January 29th, Omaha Corp Boston sold 9,907 shares of Boston Omaha stock. The shares were 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.

Boston Omaha Stock Up 5.1 %

BOC stock traded up $0.70 during midday trading on Wednesday, hitting $14.30. The company’s stock had a trading volume of 259,223 shares, compared to its average volume of 150,509. The company’s fifty day moving average price is $14.39 and its 200 day moving average price is $14.61. 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 twelve month low of $12.41 and a twelve month high of $16.29. The stock has a market capitalization of $449.78 million, a P/E ratio of -43.33 and a beta of 0.84.

Boston Omaha (NYSE:BOC) last posted its quarterly earnings results on Friday, March 28th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.19. The firm had revenue of $27.93 million for the quarter, compared to analyst estimates of $28.00 million. Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%.

Hedge Funds Weigh In On Boston Omaha

Institutional investors and hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of Boston Omaha during the fourth quarter worth $31,000. KLP Kapitalforvaltning AS bought a new position in Boston Omaha during the fourth quarter worth about $79,000. Price T Rowe Associates Inc. MD bought a new position in Boston Omaha during the fourth quarter worth about $146,000. SG Americas Securities LLC raised its stake in Boston Omaha by 20.4% in the 4th quarter. SG Americas Securities LLC now owns 10,833 shares of the company’s stock worth $154,000 after purchasing an additional 1,837 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in Boston Omaha in the 4th quarter valued at about $192,000. Institutional investors and hedge funds own 60.36% of the company’s stock.

Analysts Set New Price Targets

Separately, TD Cowen dropped their price objective on Boston Omaha from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday.

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.