Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $206,790.88 in Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 19,024 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $10.87, for a total transaction of $206,790.88. Following the transaction, the insider now owns 9,116,449 shares of the company’s stock, valued at approximately $99,095,800.63. This represents a 0.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, May 27th, Omaha Corp Boston sold 11,198 shares of Boston Omaha stock. The stock was sold at an average price of $10.07, for a total transaction of $112,763.86.
• On Friday, May 23rd, Omaha Corp Boston sold 24,322 shares of Boston Omaha stock. The stock was sold at an average price of $10.81, for a total transaction of $262,920.82.
• On Wednesday, May 21st, Omaha Corp Boston sold 701 shares of Boston Omaha stock. The stock was sold at an average price of $11.28, for a total transaction of $7,907.28.
• On Tuesday, May 20th, Omaha Corp Boston sold 3,842 shares of Boston Omaha stock. The stock was sold at an average price of $11.68, for a total transaction of $44,874.56.
• On Monday, May 19th, Omaha Corp Boston sold 31,197 shares of Boston Omaha stock. The stock was sold at an average price of $11.85, for a total transaction of $369,684.45.
• On Monday, April 28th, Omaha Corp Boston sold 13,691 shares of Boston Omaha stock. The stock was sold at an average price of $10.88, for a total transaction of $148,958.08.
• On Friday, April 25th, Omaha Corp Boston sold 15,383 shares of Boston Omaha stock. The stock was sold at an average price of $10.95, for a total value of $168,443.85.
• On Wednesday, April 23rd, Omaha Corp Boston sold 6,295 shares of Boston Omaha stock. The shares were sold at an average price of $11.07, for a total value of $69,685.65.
• On Monday, April 21st, Omaha Corp Boston sold 17,037 shares of Boston Omaha stock. The shares were sold at an average price of $11.19, for a total value of $190,644.03.
• On Wednesday, April 16th, Omaha Corp Boston sold 10,406 shares of Boston Omaha stock. The shares were sold at an average price of $11.08, for a total value of $115,298.48.

Boston Omaha Trading Down 0.1%

BOC stock opened at $14.97 on Thursday. The business has a fifty day moving average price of $14.74 and a 200 day moving average price of $14.62. Boston Omaha Co. has a fifty-two week low of $12.41 and a fifty-two week high of $16.20. The stock has a market capitalization of $470.82 million, a price-to-earnings ratio of -45.36 and a beta of 1.01. 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 (NYSE:BOC) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.03). The firm had revenue of $27.73 million for the quarter, compared to analyst estimates of $27.14 million. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%.

Wall Street Analyst Weigh In

Separately, TD Cowen dropped their price target on Boston Omaha from $28.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, April 9th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Jane Street Group LLC boosted its position in Boston Omaha by 104.7% in the 1st quarter. Jane Street Group LLC now owns 87,917 shares of the company’s stock valued at $1,282,000 after buying an additional 44,968 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Boston Omaha in the 1st quarter valued at $176,000. AQR Capital Management LLC boosted its position in Boston Omaha by 6.3% in the 1st quarter. AQR Capital Management LLC now owns 13,849 shares of the company’s stock valued at $202,000 after buying an additional 815 shares during the last quarter. EP Wealth Advisors LLC bought a new position in Boston Omaha in the 1st quarter valued at $4,034,000. Finally, Jump Financial LLC boosted its position in Boston Omaha by 196.8% in the 1st quarter. Jump Financial LLC now owns 42,113 shares of the company’s stock valued at $614,000 after buying an additional 27,926 shares during the last quarter. 60.36% of the stock is currently owned by 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.