Meixler Investment Management Ltd. Raises Stake in Boston Omaha Co. (NYSE:BOC)

Meixler Investment Management Ltd. grew its position in shares of Boston Omaha Co. (NYSE:BOC - Free Report) by 38.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 101,630 shares of the company's stock after acquiring an additional 28,424 shares during the quarter. Boston Omaha accounts for approximately 1.1% of Meixler Investment Management Ltd.'s portfolio, making the stock its 17th largest holding. Meixler Investment Management Ltd. owned about 0.32% of Boston Omaha worth $1,441,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Private Management Group Inc. boosted its holdings in Boston Omaha by 13.5% during the 3rd quarter. Private Management Group Inc. now owns 787,582 shares of the company's stock worth $11,711,000 after acquiring an additional 93,836 shares during the last quarter. Barclays PLC boosted its holdings in Boston Omaha by 188.4% during the 3rd quarter. Barclays PLC now owns 43,830 shares of the company's stock worth $652,000 after acquiring an additional 28,632 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Boston Omaha by 44.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 81,476 shares of the company's stock worth $1,212,000 after acquiring an additional 25,027 shares during the last quarter. State Street Corp boosted its holdings in Boston Omaha by 1.9% during the 3rd quarter. State Street Corp now owns 492,192 shares of the company's stock worth $7,319,000 after acquiring an additional 9,073 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in Boston Omaha during the 2nd quarter worth $139,000. 60.36% of the stock is owned by hedge funds and other institutional investors.

Boston Omaha Stock Performance

Shares of NYSE:BOC traded down $0.23 during midday trading on Thursday, reaching $14.85. The company had a trading volume of 67,979 shares, compared to its average volume of 108,799. The company's 50 day moving average price is $14.51 and its 200 day moving average price is $14.56. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06. The stock has a market cap of $465.84 million, a P/E ratio of -45.00 and a beta of 0.82. Boston Omaha Co. has a 52-week low of $12.41 and a 52-week high of $16.99.

Insider Buying and Selling

In related news, major shareholder Omaha Corp Boston sold 15,904 shares of the business's stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $12.21, for a total value of $194,187.84. Following the transaction, the insider now directly owns 10,912,907 shares of the company's stock, valued at approximately $133,246,594.47. The trade was a 0.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 123,709 shares of company stock valued at $1,419,966. 23.33% of the stock is owned by 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.