Insider Selling: Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells 4,405 Shares of Stock

Boston Omaha Co. (NYSE:BOC - Get Free Report) major shareholder Omaha Corp Boston sold 4,405 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $11.03, for a total value of $48,587.15. Following the completion of the sale, the insider now directly owns 10,721,170 shares in the company, valued at approximately $118,254,505.10. The trade was a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% 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 Wednesday, January 29th, Omaha Corp Boston sold 9,907 shares of Boston Omaha stock. The shares were sold at an average price of $11.25, for a total value of $111,453.75.
• On Monday, January 27th, Omaha Corp Boston sold 13,317 shares of Boston Omaha stock. The stock was 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 shares were sold at an average price of $11.38, for a total transaction 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 transaction of $146,426.35.
• 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 stock was 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 shares were 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 stock was 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 shares were sold at an average price of $12.21, for a total transaction of $194,187.84.

Boston Omaha Price Performance

Shares of BOC stock traded up $0.10 during trading hours on Tuesday, reaching $14.35. The company had a trading volume of 63,813 shares, compared to its average volume of 118,105. Boston Omaha Co. has a 12-month low of $12.41 and a 12-month high of $16.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09. The company has a market capitalization of $450.22 million, a price-to-earnings ratio of -43.48 and a beta of 0.82. The stock has a fifty day moving average of $14.54 and a 200-day moving average of $14.49.

Boston Omaha (NYSE:BOC - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $27.70 million for the quarter, compared to analyst estimates of $27.20 million. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%.

Institutional Trading of Boston Omaha

Several institutional investors have recently made changes to their positions in BOC. Global Retirement Partners LLC purchased a new position in Boston Omaha in the fourth quarter worth approximately $305,000. Meixler Investment Management Ltd. increased its position in shares of Boston Omaha by 38.8% during the 4th quarter. Meixler Investment Management Ltd. now owns 101,630 shares of the company's stock worth $1,441,000 after purchasing an additional 28,424 shares during the last quarter. Rhumbline Advisers raised its holdings in Boston Omaha by 4.4% in 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. Flagstone Financial Management boosted its position in shares of Boston Omaha by 35.4% during the 4th quarter. Flagstone Financial Management now owns 14,396 shares of the company's stock worth $204,000 after purchasing an additional 3,760 shares during the period. Finally, Fenimore Asset Management Inc boosted its position in shares of Boston Omaha by 0.3% during the fourth quarter. Fenimore Asset Management Inc now owns 938,162 shares of the company's stock worth $13,303,000 after buying 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.