Boston Omaha (NYSE:BOC) Shares Gap Down to $16.47

Shares of Boston Omaha Co. (NYSE:BOC) gapped down prior to trading on Thursday . The stock had previously closed at $16.47, but opened at $15.78. Boston Omaha shares last traded at $15.20, with a volume of 244,666 shares changing hands.

Boston Omaha Stock Down 6.1 %

The firm has a market capitalization of $484.29 million, a PE ratio of 760.00 and a beta of 0.78. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $15.79 and a 200-day moving average price of $15.59.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BOC. BlackRock Inc. acquired a new position in Boston Omaha during the third quarter worth $32,769,000. Vanguard Group Inc. acquired a new position in Boston Omaha during the third quarter worth $24,439,000. State Street Corp acquired a new position in Boston Omaha during the third quarter worth $8,914,000. Dimensional Fund Advisors LP lifted its stake in Boston Omaha by 32.1% during the first quarter. Dimensional Fund Advisors LP now owns 962,857 shares of the company’s stock worth $22,789,000 after purchasing an additional 233,761 shares in the last quarter. Finally, Greenwood Gearhart Inc. raised its stake in shares of Boston Omaha by 71.9% in the second quarter. Greenwood Gearhart Inc. now owns 553,373 shares of the company’s stock valued at $10,414,000 after acquiring an additional 231,397 shares in the last quarter. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

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 investment businesses. The company was formerly known as REO Plus, Inc and changed its name to Boston Omaha Corporation in March 2015.