Insider Buying: Boston Omaha (NYSE:BOC) Director Buys $141,609.72 in Stock

Boston Omaha Corporation (NYSE:BOC) Director Jeffrey Royal purchased 11,046 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average cost of $12.82 per share, with a total value of $141,609.72. Following the completion of the acquisition, the director directly owned 21,046 shares of the company’s stock, valued at $269,809.72. The trade was a 110.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Boston Omaha Price Performance

NYSE:BOC traded down $0.12 during mid-day trading on Wednesday, reaching $12.63. 173,748 shares of the company were exchanged, compared to its average volume of 165,938. 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 stock has a market cap of $383.97 million, a PE ratio of -28.70 and a beta of 0.67. Boston Omaha Corporation has a 12 month low of $10.52 and a 12 month high of $15.10. The company has a fifty day moving average of $12.09 and a 200 day moving average of $12.40.

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

Institutional Trading of Boston Omaha

A number of institutional investors have recently bought and sold shares of BOC. State of Wyoming acquired a new position in shares of Boston Omaha in the 2nd quarter valued at $50,000. Pittenger & Anderson Inc. acquired a new stake in shares of Boston Omaha during the fourth quarter worth $53,000. Mercer Global Advisors Inc. ADV bought a new stake in Boston Omaha in the fourth quarter valued at about $125,000. Jump Financial LLC acquired a new position in Boston Omaha in the fourth quarter valued at about $138,000. Finally, Verition Fund Management LLC acquired a new position in Boston Omaha in the third quarter valued at about $155,000. Institutional investors and hedge funds own 60.36% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.