Brandywine Global Investment Management LLC Takes Position in Boston Omaha Co. (NYSE:BOC)

Brandywine Global Investment Management LLC acquired a new position in shares of Boston Omaha Co. (NYSE:BOC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 104,450 shares of the company's stock, valued at approximately $1,481,000. Brandywine Global Investment Management LLC owned about 0.33% of Boston Omaha at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BOC. Quantbot Technologies LP bought a new position in Boston Omaha during the 4th quarter worth approximately $31,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Boston Omaha during the fourth quarter worth $79,000. SG Americas Securities LLC raised its stake in Boston Omaha by 20.4% during the fourth quarter. SG Americas Securities LLC now owns 10,833 shares of the company's stock worth $154,000 after buying an additional 1,837 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Boston Omaha by 61.0% in the third quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company's stock valued at $200,000 after buying an additional 5,107 shares during the period. Finally, Intech Investment Management LLC bought a new stake in Boston Omaha during the fourth quarter valued at $192,000. 60.36% of the stock is owned by institutional investors and hedge funds.

Boston Omaha Trading Down 0.2 %

Boston Omaha stock traded down $0.03 during trading hours on Monday, reaching $14.11. 346,696 shares of the company's stock were exchanged, compared to its average volume of 149,001. The firm has a market capitalization of $443.64 million, a PE ratio of -42.74 and a beta of 0.84. 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 firm's 50 day simple moving average is $14.46 and its 200 day simple moving average is $14.63. Boston Omaha Co. has a twelve month low of $12.41 and a twelve month high of $16.29.

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

Insider Activity

In other Boston Omaha news, major shareholder Omaha Corp Boston sold 45,440 shares of Boston Omaha 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 sale, the insider now directly owns 9,450,982 shares of the company's stock, valued at approximately $118,704,333.92. The trade was a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 164,196 shares of company stock worth $1,969,833 in the last quarter. 23.33% of the stock is owned by corporate 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.