Insider Selling: Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells 12,901 Shares of Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 12,901 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $11.35, for a total value of $146,426.35. Following the transaction, the insider now directly owns 10,808,049 shares of the company’s stock, valued at approximately $122,671,356.15. This trade represents a 0.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, January 23rd, Omaha Corp Boston sold 16,470 shares of Boston Omaha stock. The stock was sold at an average price of $11.38, for a total transaction of $187,428.60.
• On Friday, January 17th, Omaha Corp Boston sold 7,861 shares of Boston Omaha stock. The shares were sold at an average price of $11.36, for a total value of $89,300.96.
• On Wednesday, January 15th, Omaha Corp Boston sold 8,857 shares of Boston Omaha stock. The shares were sold at an average price of $11.18, for a total value of $99,021.26.
• On Monday, January 6th, Omaha Corp Boston sold 10,029 shares of Boston Omaha stock. The stock was sold at an average price of $11.65, for a total value of $116,837.85.
• On Thursday, January 2nd, Omaha Corp Boston sold 140 shares of Boston Omaha stock. The shares were sold at an average price of $12.02, for a total transaction of $1,682.80.
• On Monday, December 30th, Omaha Corp Boston sold 9,077 shares of Boston Omaha stock. The shares were sold at an average price of $12.06, for a total transaction of $109,468.62.
• On Friday, December 27th, Omaha Corp Boston sold 15,904 shares of Boston Omaha stock. The stock was sold at an average price of $12.21, for a total transaction of $194,187.84.

Boston Omaha Price Performance

Shares of BOC opened at $14.58 on Friday. The firm has a fifty day simple moving average of $14.55 and a two-hundred day simple moving average of $14.43. The firm has a market cap of $457.22 million, a PE ratio of -44.17 and a beta of 0.82. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06. Boston Omaha Co. has a 1-year low of $12.41 and a 1-year high of $16.99.

Boston Omaha (NYSE:BOC) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The firm had revenue of $27.70 million for the quarter, compared to analysts’ expectations of $27.20 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

Several institutional investors have recently made changes to their positions in BOC. Renaissance Technologies LLC grew its position in Boston Omaha by 333.9% during the second quarter. Renaissance Technologies LLC now owns 193,100 shares of the company’s stock valued at $2,599,000 after buying an additional 148,600 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Boston Omaha by 9.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,249,746 shares of the company’s stock worth $16,822,000 after acquiring an additional 105,152 shares during the last quarter. Private Management Group Inc. grew its position in shares of Boston Omaha by 13.5% during the 3rd quarter. Private Management Group Inc. now owns 787,582 shares of the company’s stock valued at $11,711,000 after acquiring an additional 93,836 shares during the period. Meixler Investment Management Ltd. purchased a new stake in shares of Boston Omaha in the 3rd quarter worth $1,089,000. Finally, Barclays PLC raised its holdings in Boston Omaha by 188.4% in the 3rd quarter. Barclays PLC now owns 43,830 shares of the company’s stock worth $652,000 after purchasing an additional 28,632 shares during the period. Institutional investors own 60.36% of the company’s stock.

Boston Omaha Company Profile

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.