Omaha Corp Boston Sells 16,470 Shares of Boston Omaha Co. (NYSE:BOC) Stock

Boston Omaha Co. (NYSE:BOC - Get Free Report) major shareholder Omaha Corp Boston sold 16,470 shares of the company's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $11.38, for a total transaction of $187,428.60. Following the completion of the transaction, the insider now owns 10,781,022 shares in the company, valued at approximately $122,688,030.36. This represents a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Omaha Corp Boston also recently made the following trade(s):

• On Tuesday, January 21st, Omaha Corp Boston sold 12,901 shares of Boston Omaha stock. The stock was 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 shares were 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 transaction 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 shares were sold at an average price of $12.06, for a total value of $109,468.62.
• On Friday, December 27th, Omaha Corp Boston sold 15,904 shares of Boston Omaha stock. The stock was sold at an average price of $12.21, for a total transaction of $194,187.84.

Boston Omaha Stock Performance

NYSE BOC traded up $0.11 on Thursday, hitting $14.59. 145,874 shares of the company's stock were exchanged, compared to its average volume of 133,741. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.09 and a quick ratio of 2.09. Boston Omaha Co. has a fifty-two week low of $12.41 and a fifty-two week high of $16.99. The firm has a market cap of $457.72 million, a price-to-earnings ratio of -44.21 and a beta of 0.82. The firm's 50-day moving average price is $14.55 and its two-hundred day moving average price is $14.42.

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

Institutional Investors Weigh In On Boston Omaha

Hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its position in shares of Boston Omaha by 4.5% in the second quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company's stock worth $289,000 after acquiring an additional 925 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Boston Omaha by 4.8% during the second quarter. Rhumbline Advisers now owns 39,908 shares of the company's stock valued at $537,000 after acquiring an additional 1,822 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Boston Omaha by 20.2% during the 2nd quarter. American Century Companies Inc. now owns 27,327 shares of the company's stock valued at $368,000 after buying an additional 4,599 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Boston Omaha by 9.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,249,746 shares of the company's stock worth $16,822,000 after purchasing an additional 105,152 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Boston Omaha by 333.9% during the 2nd quarter. Renaissance Technologies LLC now owns 193,100 shares of the company's stock worth $2,599,000 after buying an additional 148,600 shares during the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

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.

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