Meixler Investment Management Ltd. Takes $1.09 Million Position in Boston Omaha Co. (NYSE:BOC)

Meixler Investment Management Ltd. purchased a new position in Boston Omaha Co. (NYSE:BOC - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 73,206 shares of the company's stock, valued at approximately $1,089,000. Boston Omaha accounts for approximately 0.8% of Meixler Investment Management Ltd.'s investment portfolio, making the stock its 26th largest position. Meixler Investment Management Ltd. owned 0.23% of Boston Omaha as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Boston Omaha by 9.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,249,746 shares of the company's stock worth $16,822,000 after buying an additional 105,152 shares in the last quarter. Private Management Group Inc. grew its stake in Boston Omaha by 13.5% in the 3rd quarter. Private Management Group Inc. now owns 787,582 shares of the company's stock valued at $11,711,000 after purchasing an additional 93,836 shares during the period. Lawson Kroeker Investment Management Inc. NE boosted its stake in Boston Omaha by 2.7% in the second quarter. Lawson Kroeker Investment Management Inc. NE now owns 478,492 shares of the company's stock valued at $6,441,000 after acquiring an additional 12,401 shares during the last quarter. Elgethun Capital Management raised its stake in Boston Omaha by 40.2% in the 1st quarter. Elgethun Capital Management now owns 444,816 shares of the company's stock valued at $6,857,000 after acquiring an additional 127,652 shares during the period. Finally, Ironvine Capital Partners LLC boosted its holdings in shares of Boston Omaha by 18.8% in the first quarter. Ironvine Capital Partners LLC now owns 420,667 shares of the company's stock worth $6,504,000 after acquiring an additional 66,672 shares during the period. 60.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on BOC. Wells Fargo & Company reissued an "equal weight" rating and issued a $15.00 price target (down from $17.00) on shares of Boston Omaha in a report on Thursday, September 19th. TD Cowen reduced their price objective on Boston Omaha from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, August 21st.

Boston Omaha Price Performance

Shares of NYSE BOC traded up $0.09 during midday trading on Monday, hitting $16.05. 73,904 shares of the company traded hands, compared to its average volume of 156,898. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.01 and a quick ratio of 2.01. Boston Omaha Co. has a 12-month low of $12.41 and a 12-month high of $16.99. The stock has a 50-day moving average price of $14.77 and a 200 day moving average price of $14.30.

Boston Omaha (NYSE:BOC - Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The business had revenue of $27.09 million for the quarter, compared to analysts' expectations of $27.10 million. Boston Omaha had a negative net margin of 10.08% and a negative return on equity of 1.74%.

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.