Boston Omaha Co. (NYSE:BOC) Short Interest Up 8.4% in May

Boston Omaha Co. (NYSE:BOCGet Free Report) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 1,050,000 shares, an increase of 8.4% from the May 15th total of 968,200 shares. Currently, 3.5% of the company’s stock are short sold. Based on an average daily volume of 194,300 shares, the short-interest ratio is presently 5.4 days.

Insider Buying and Selling

In other Boston Omaha news, major shareholder Omaha Corp Boston sold 246,389 shares of Boston Omaha stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $10.00, for a total value of $2,463,890.00. Following the sale, the insider now owns 12,440,642 shares of the company’s stock, valued at approximately $124,406,420. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Boston Omaha news, Director Jeffrey C. Royal acquired 10,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were acquired at an average price of $13.95 per share, with a total value of $139,500.00. Following the completion of the transaction, the director now directly owns 42,750 shares in the company, valued at approximately $596,362.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Omaha Corp Boston sold 246,389 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $10.00, for a total transaction of $2,463,890.00. Following the transaction, the insider now owns 12,440,642 shares of the company’s stock, valued at approximately $124,406,420. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 81,622 shares of company stock valued at $1,150,008. Company insiders own 27.25% of the company’s stock.

Institutional Trading of Boston Omaha

Several institutional investors and hedge funds have recently bought and sold shares of BOC. Security National Bank bought a new position in shares of Boston Omaha in the fourth quarter valued at about $44,000. Bfsg LLC bought a new position in Boston Omaha in the 1st quarter valued at about $48,000. AJOVista LLC acquired a new stake in Boston Omaha during the fourth quarter worth approximately $66,000. Simplex Trading LLC boosted its holdings in shares of Boston Omaha by 489.5% during the fourth quarter. Simplex Trading LLC now owns 5,394 shares of the company’s stock worth $84,000 after acquiring an additional 4,479 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of Boston Omaha by 864.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,824 shares of the company’s stock valued at $92,000 after purchasing an additional 5,220 shares during the last quarter. Institutional investors own 60.36% of the company’s stock.

Boston Omaha Stock Performance

NYSE BOC traded up $0.18 on Tuesday, hitting $14.08. 292,131 shares of the stock were exchanged, compared to its average volume of 166,999. The company has a market capitalization of $442.96 million, a PE ratio of -67.04 and a beta of 0.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.92 and a quick ratio of 2.92. The business’s fifty day moving average is $14.83 and its 200 day moving average is $15.40. Boston Omaha has a 52 week low of $13.33 and a 52 week high of $19.74.

Boston Omaha (NYSE:BOCGet Free Report) last released its quarterly earnings data on Friday, May 17th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.06). Boston Omaha had a negative return on equity of 1.08% and a negative net margin of 6.56%. The firm had revenue of $25.55 million for the quarter, compared to analyst estimates of $25.50 million.

Analysts Set New Price Targets

A number of research firms have recently commented on BOC. Wells Fargo & Company reduced their price objective on shares of Boston Omaha from $23.00 to $17.00 and set an “overweight” rating for the company in a research note on Monday, May 20th. TD Cowen reduced their price target on Boston Omaha from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd.

Check Out Our Latest Stock Report on Boston Omaha

About Boston Omaha

(Get Free Report)

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.

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