Boston Omaha (NYSE:BOC) Director Acquires $127,200.00 in Stock

Boston Omaha Corporation (NYSE:BOC) Director Jeffrey Royal purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average cost of $12.72 per share, for a total transaction of $127,200.00. Following the completion of the acquisition, the director directly owned 69,644 shares in the company, valued at $885,871.68. The trade was a 16.77% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Boston Omaha Trading Down 3.8%

Shares of Boston Omaha stock opened at $12.88 on Friday. The firm has a market capitalization of $391.46 million, a PE ratio of -29.27 and a beta of 0.67. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average is $12.14 and its 200 day moving average is $12.41. Boston Omaha Corporation has a 1 year low of $10.52 and a 1 year high of $15.10.

Boston Omaha (NYSE:BOC) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The company 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%.

Institutional Investors Weigh In On Boston Omaha

A number of institutional investors have recently added to or reduced their stakes in BOC. AQR Capital Management LLC grew its holdings in Boston Omaha by 6.3% during the 1st quarter. AQR Capital Management LLC now owns 13,849 shares of the company’s stock worth $202,000 after acquiring an additional 815 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Boston Omaha during the 1st quarter worth approximately $176,000. Jane Street Group LLC boosted its stake in shares of Boston Omaha by 104.7% in the 1st quarter. Jane Street Group LLC now owns 87,917 shares of the company’s stock valued at $1,282,000 after purchasing an additional 44,968 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Boston Omaha by 15.5% in the 2nd quarter. American Century Companies Inc. now owns 52,247 shares of the company’s stock valued at $734,000 after purchasing an additional 7,018 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Boston Omaha in the 2nd quarter valued at $2,214,000. 60.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BOC shares. Wall Street Zen raised shares of Boston Omaha from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings raised shares of Boston Omaha from a “sell (e+)” rating to a “sell (d)” rating in a report on Friday, May 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.