Boston Omaha (NYSE:BOC) Director Jeffrey Royal Acquires 10,000 Shares

Boston Omaha Corporation (NYSE:BOCGet Free Report) Director Jeffrey Royal acquired 10,000 shares of Boston Omaha stock in a transaction on Friday, May 22nd. The shares were bought at an average cost of $12.40 per share, for a total transaction of $124,000.00. Following the completion of the purchase, the director directly owned 10,000 shares of the company’s stock, valued at $124,000. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Boston Omaha Trading Down 0.9%

Shares of NYSE BOC opened at $12.63 on Thursday. Boston Omaha Corporation has a 1-year low of $10.52 and a 1-year high of $15.10. The business’s 50 day moving average is $12.09 and its two-hundred day moving average is $12.40. The stock has a market capitalization of $383.92 million, a P/E ratio of -28.70 and a beta of 0.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.86 and a quick ratio of 1.86.

Boston Omaha (NYSE:BOCGet Free Report) last announced its earnings results on Thursday, May 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Boston Omaha had a negative net margin of 12.10% and a negative return on equity of 2.57%. The business had revenue of $28.25 million for the quarter, compared to analysts’ expectations of $29.20 million.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Weiss Ratings upgraded Boston Omaha from a “sell (e+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. Wall Street Zen upgraded Boston Omaha from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Get Our Latest Analysis on BOC

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. State of Wyoming purchased a new stake in shares of Boston Omaha in the second quarter valued at approximately $50,000. Pittenger & Anderson Inc. purchased a new stake in shares of Boston Omaha in the fourth quarter valued at approximately $53,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Boston Omaha in the fourth quarter valued at approximately $125,000. Jump Financial LLC purchased a new stake in shares of Boston Omaha in the fourth quarter valued at approximately $138,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Boston Omaha in the third quarter valued at approximately $155,000. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Boston Omaha Company Profile

(Get Free Report)

Boston Omaha Corporation is a publicly traded holding company headquartered in Omaha, Nebraska. Since its founding in 2015, the company has focused on acquiring and operating growth-oriented businesses in industries with attractive demand characteristics. Boston Omaha’s diversified platform includes middle-mile fiber networks, greenhouse agriculture operations and automotive finance services.

In its telecommunications segment, Boston Omaha develops and operates fiber-based, middle-mile networks that connect carriers, internet service providers and enterprise customers.

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