Boston Omaha Co. (NYSE:BOC) Major Shareholder Omaha Corp Boston Sells 45,440 Shares

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 45,440 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $12.56, for a total value of $570,726.40. Following the completion of the transaction, the insider now owns 9,450,982 shares of the company’s stock, valued at $118,704,333.92. This trade represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, March 31st, Omaha Corp Boston sold 30,197 shares of Boston Omaha stock. The shares were sold at an average price of $13.29, for a total value of $401,318.13.
• On Thursday, February 13th, Omaha Corp Boston sold 7,035 shares of Boston Omaha stock. The stock was sold at an average price of $11.07, for a total value of $77,877.45.
• On Tuesday, February 11th, Omaha Corp Boston sold 7,806 shares of Boston Omaha stock. The shares were sold at an average price of $11.36, for a total transaction of $88,676.16.
• On Friday, January 31st, Omaha Corp Boston sold 4,405 shares of Boston Omaha stock. The stock was sold at an average price of $11.03, for a total transaction of $48,587.15.
• On Wednesday, January 29th, Omaha Corp Boston sold 9,907 shares of Boston Omaha stock. The stock was sold at an average price of $11.25, for a total transaction of $111,453.75.
• On Monday, January 27th, Omaha Corp Boston sold 13,317 shares of Boston Omaha stock. The shares were sold at an average price of $11.19, for a total transaction of $149,017.23.
• 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 value of $187,428.60.
• On Tuesday, January 21st, Omaha Corp Boston sold 12,901 shares of Boston Omaha stock. The shares were sold at an average price of $11.35, for a total value of $146,426.35.
• On Friday, January 17th, Omaha Corp Boston sold 7,861 shares of Boston Omaha stock. The stock was 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.

Boston Omaha Trading Down 2.1 %

NYSE BOC opened at $14.19 on Friday. The firm has a market capitalization of $446.16 million, a price-to-earnings ratio of -42.98 and a beta of 0.84. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. Boston Omaha Co. has a one year low of $12.41 and a one year high of $16.29. The company’s 50 day moving average price is $14.47 and its 200 day moving average price is $14.64.

Boston Omaha (NYSE:BOC) last posted its earnings results on Friday, March 28th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.19. Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%. The business had revenue of $27.93 million for the quarter, compared to analyst estimates of $28.00 million.

Institutional Investors Weigh In On Boston Omaha

Several institutional investors and hedge funds have recently modified their holdings of BOC. Rhumbline Advisers raised its holdings in shares of Boston Omaha by 4.4% during the 4th quarter. Rhumbline Advisers now owns 39,528 shares of the company’s stock valued at $560,000 after buying an additional 1,666 shares during the period. SG Americas Securities LLC grew its position in Boston Omaha by 20.4% in the fourth quarter. SG Americas Securities LLC now owns 10,833 shares of the company’s stock valued at $154,000 after acquiring an additional 1,837 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Boston Omaha by 13.5% during the fourth quarter. Wells Fargo & Company MN now owns 18,317 shares of the company’s stock valued at $260,000 after purchasing an additional 2,175 shares during the period. Quantbot Technologies LP acquired a new position in shares of Boston Omaha during the fourth quarter worth $31,000. Finally, Fenimore Asset Management Inc boosted its stake in shares of Boston Omaha by 0.3% in the fourth quarter. Fenimore Asset Management Inc now owns 938,162 shares of the company’s stock valued at $13,303,000 after purchasing an additional 2,455 shares during the period. Hedge funds and other institutional investors own 60.36% of the company’s stock.

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.