Boston Omaha (NYSE:BOC) Announces Quarterly Earnings Results

Boston Omaha (NYSE:BOC) issued its quarterly earnings data on Friday. The company reported $0.17 earnings per share for the quarter, Zacks reports. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%.

Boston Omaha Stock Down 4.5 %

BOC stock traded down $0.67 during trading on Friday, reaching $14.14. The stock had a trading volume of 36,759 shares, compared to its average volume of 144,945. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $443.47 million, a price-to-earnings ratio of -42.56 and a beta of 0.84. Boston Omaha has a one year low of $12.41 and a one year high of $16.29. The company’s 50 day moving average is $14.49 and its two-hundred day moving average is $14.64.

Insiders Place Their Bets

In related news, major shareholder Omaha Corp Boston sold 9,077 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $12.06, for a total value of $109,468.62. Following the transaction, the insider now directly owns 10,903,830 shares of the company’s stock, valued at approximately $131,500,189.80. The trade was a 0.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 107,805 shares of company stock valued at $1,225,778 in the last 90 days. 23.33% of the stock is currently owned by corporate insiders.

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.