Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $111,453.75 in Stock

Boston Omaha Co. (NYSE:BOC - Get Free Report) major shareholder Omaha Corp Boston sold 9,907 shares of Boston Omaha stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $11.25, for a total transaction of $111,453.75. Following the completion of the sale, the insider now owns 10,736,162 shares in the company, valued at approximately $120,781,822.50. This trade represents a 0.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 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 Friday, January 31st, Omaha Corp Boston sold 4,405 shares of Boston Omaha stock. The stock was sold at an average price of $11.03, for a total transaction of $48,587.15.
• 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 value 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 value of $146,426.35.
• On Friday, January 17th, Omaha Corp Boston sold 7,861 shares of Boston Omaha stock. The stock was 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 stock was sold at an average price of $11.18, for a total transaction 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 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 value of $194,187.84.

Boston Omaha Stock Up 0.7 %

Shares of NYSE:BOC traded up $0.10 on Tuesday, hitting $14.35. 63,813 shares of the company traded hands, compared to its average volume of 118,105. The stock has a 50 day simple moving average of $14.54 and a 200-day simple moving average of $14.49. 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 market cap of $450.22 million, a PE ratio of -43.48 and a beta of 0.82. Boston Omaha Co. has a 52 week low of $12.41 and a 52 week high of $16.99.

Boston Omaha (NYSE:BOC - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $27.70 million for the quarter, compared to the consensus estimate of $27.20 million. Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%.

Hedge Funds Weigh In On Boston Omaha

A number of hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in shares of Boston Omaha by 20.2% in the second quarter. American Century Companies Inc. now owns 27,327 shares of the company's stock worth $368,000 after purchasing an additional 4,599 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Boston Omaha by 9.2% in the second 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. The Manufacturers Life Insurance Company bought a new stake in Boston Omaha in the 2nd quarter worth approximately $139,000. Susquehanna Fundamental Investments LLC purchased a new stake in Boston Omaha during the 2nd quarter valued at $141,000. Finally, SG Americas Securities LLC bought a new position in shares of Boston Omaha during the 3rd quarter valued at $134,000. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

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.