Boston Omaha (NYSE:BOC) Director Frank Kenan II Purchases 34,719 Shares

Boston Omaha Corporation (NYSE:BOC) Director Frank Kenan II purchased 34,719 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was bought at an average price of $13.37 per share, with a total value of $464,193.03. Following the completion of the transaction, the director owned 299,958 shares of the company’s stock, valued at $4,010,438.46. The trade was a 13.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Boston Omaha Stock Performance

Shares of NYSE:BOC traded up $0.23 on Monday, hitting $13.11. 200,343 shares of the company’s stock were exchanged, compared to its average volume of 289,987. Boston Omaha Corporation has a 12 month low of $10.52 and a 12 month high of $14.76. The business’s 50 day simple moving average is $12.16 and its two-hundred day simple moving average is $12.41. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.09.

Boston Omaha (NYSE:BOC) last released its earnings results on Thursday, May 14th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $28.25 million for the quarter, compared to the consensus estimate of $29.20 million.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Boston Omaha

Institutional investors have recently made changes to their positions in the company. Elgethun Capital Management increased its stake in shares of Boston Omaha by 36.1% during the third quarter. Elgethun Capital Management now owns 1,426,608 shares of the company’s stock valued at $18,632,000 after buying an additional 378,624 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Boston Omaha during the second quarter valued at $2,214,000. Citadel Advisors LLC increased its stake in shares of Boston Omaha by 31.9% during the third quarter. Citadel Advisors LLC now owns 176,795 shares of the company’s stock valued at $2,312,000 after buying an additional 42,758 shares during the period. First Manhattan CO. LLC. purchased a new position in shares of Boston Omaha during the fourth quarter valued at $4,131,000. Finally, Nitor Capital Management LLC purchased a new position in shares of Boston Omaha during the fourth quarter valued at $4,581,000. Hedge funds and other institutional investors 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.