EntryPoint Capital LLC Reduces Position in Boston Omaha Co. (NYSE:BOC)

EntryPoint Capital LLC lessened its holdings in shares of Boston Omaha Co. (NYSE:BOC - Free Report) by 68.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,830 shares of the company's stock after selling 23,774 shares during the period. EntryPoint Capital LLC's holdings in Boston Omaha were worth $154,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new stake in Boston Omaha in the 4th quarter worth approximately $79,000. American Century Companies Inc. lifted its holdings in shares of Boston Omaha by 19.5% during the fourth quarter. American Century Companies Inc. now owns 42,069 shares of the company's stock worth $597,000 after purchasing an additional 6,858 shares during the period. Quantbot Technologies LP acquired a new position in Boston Omaha in the 4th quarter worth approximately $31,000. Intech Investment Management LLC purchased a new position in Boston Omaha during the 4th quarter worth approximately $192,000. Finally, Raymond James Financial Inc. acquired a new stake in Boston Omaha during the 4th quarter valued at approximately $194,000. Institutional investors and hedge funds own 60.36% of the company's stock.

Boston Omaha Price Performance

Shares of NYSE:BOC traded down $0.41 during trading on Thursday, reaching $14.29. 48,872 shares of the company's stock traded hands, compared to its average volume of 146,873. The firm has a market cap of $448.18 million, a PE ratio of -43.29 and a beta of 0.84. Boston Omaha Co. has a fifty-two week low of $12.41 and a fifty-two week high of $16.29. 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 company has a 50-day simple moving average of $14.48 and a 200-day simple moving average of $14.64.

Boston Omaha (NYSE:BOC - Get Free Report) last posted its quarterly earnings data on Friday, March 28th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.19. The business 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 45,440 shares of Boston Omaha stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $12.56, for a total value of $570,726.40. Following the sale, the insider now directly owns 9,450,982 shares in the company, valued at approximately $118,704,333.92. The trade was a 0.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold 174,225 shares of company stock valued at $2,086,671 over the last 90 days. Corporate insiders own 23.33% of the company's stock.

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.