Insider Selling: Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells 7,035 Shares of Stock

Boston Omaha Co. (NYSE:BOC - Get Free Report) major shareholder Omaha Corp Boston sold 7,035 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $11.07, for a total value of $77,877.45. Following the transaction, the insider now directly owns 10,703,943 shares in the company, valued at $118,492,649.01. The trade was a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, February 11th, Omaha Corp Boston sold 7,806 shares of Boston Omaha stock. The stock was sold at an average price of $11.36, for a total transaction of $88,676.16.
• On Friday, January 31st, Omaha Corp Boston sold 4,405 shares of Boston Omaha stock. The shares were sold at an average price of $11.03, for a total transaction of $48,587.15.
• On Wednesday, January 29th, Omaha Corp Boston sold 9,907 shares of Boston Omaha stock. The stock was sold at an average price of $11.25, for a total value of $111,453.75.
• On Monday, January 27th, Omaha Corp Boston sold 13,317 shares of Boston Omaha stock. The shares were sold at an average price of $11.19, for a total value of $149,017.23.
• On Thursday, January 23rd, Omaha Corp Boston sold 16,470 shares of Boston Omaha stock. The stock was sold at an average price of $11.38, for a total transaction of $187,428.60.
• On Tuesday, January 21st, Omaha Corp Boston sold 12,901 shares of Boston Omaha stock. The shares were 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 transaction 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 stock was sold at an average price of $11.65, for a total value 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 value of $1,682.80.

Boston Omaha Price Performance

NYSE BOC traded down $0.19 during trading on Tuesday, hitting $15.06. 96,754 shares of the company's stock were exchanged, compared to its average volume of 110,876. The stock's 50 day moving average price is $14.52 and its two-hundred day moving average price is $14.56. Boston Omaha Co. has a fifty-two week low of $12.41 and a fifty-two week high of $16.99. 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 company has a market cap of $472.28 million, a PE ratio of -45.62 and a beta of 0.82.

Hedge Funds Weigh In On Boston Omaha

A number of institutional investors have recently added to or reduced their stakes in BOC. Brandywine Global Investment Management LLC acquired a new stake in Boston Omaha in the fourth quarter valued at approximately $1,481,000. Private Management Group Inc. boosted its holdings in shares of Boston Omaha by 13.5% during the 3rd quarter. Private Management Group Inc. now owns 787,582 shares of the company's stock valued at $11,711,000 after acquiring an additional 93,836 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Boston Omaha by 6.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,471,085 shares of the company's stock worth $20,860,000 after acquiring an additional 85,000 shares during the last quarter. Elgethun Capital Management grew its position in Boston Omaha by 16.4% during the 4th quarter. Elgethun Capital Management now owns 559,485 shares of the company's stock worth $7,933,000 after acquiring an additional 78,662 shares during the last quarter. Finally, Meixler Investment Management Ltd. acquired a new position in Boston Omaha in the 3rd quarter worth about $1,089,000. 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.