Brandywine Global Investment Management LLC Makes New $1.48 Million Investment in Boston Omaha Co. (NYSE:BOC)

Brandywine Global Investment Management LLC bought a new stake in shares of Boston Omaha Co. (NYSE:BOC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 104,450 shares of the company’s stock, valued at approximately $1,481,000.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Boston Omaha by 58.1% during the fourth quarter. JPMorgan Chase & Co. now owns 128,827 shares of the company’s stock worth $1,827,000 after purchasing an additional 47,351 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Boston Omaha in the 4th quarter valued at approximately $79,000. American Century Companies Inc. lifted its holdings in shares of Boston Omaha by 19.5% during the 4th quarter. American Century Companies Inc. now owns 42,069 shares of the company’s stock worth $597,000 after acquiring an additional 6,858 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Boston Omaha during the 4th quarter worth approximately $31,000. Finally, Intech Investment Management LLC bought a new position in Boston Omaha in the fourth quarter valued at approximately $192,000. 60.36% of the stock is owned by institutional investors and hedge funds.

Boston Omaha Stock Up 1.1 %

Shares of BOC opened at $14.72 on Thursday. The firm has a 50 day simple moving average of $14.48 and a two-hundred day simple moving average of $14.64. The company has a market cap of $461.83 million, a P/E ratio of -44.60 and a beta of 0.84. Boston Omaha Co. has a one year low of $12.41 and a one year high of $16.29. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.09 and a quick ratio of 2.09.

Boston Omaha (NYSE:BOC) last posted its quarterly earnings results on Friday, March 28th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.19. The company had revenue of $27.93 million during the quarter, compared to analysts’ expectations of $28.00 million. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%.

Insider Transactions at Boston Omaha

In related news, major shareholder Omaha Corp Boston sold 30,197 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $13.29, for a total transaction of $401,318.13. Following the completion of the transaction, the insider now directly owns 9,506,869 shares in the company, valued at $126,346,289.01. This represents a 0.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 174,225 shares of company stock valued at $2,086,671. 23.33% of the stock is currently owned by insiders.

About Boston Omaha

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.