Boston Omaha Corporation (NYSE:BOC – Get Free Report) Director Frank Kenan II bought 6,033 shares of the stock in a transaction dated Monday, June 1st. The stock was bought at an average cost of $12.89 per share, with a total value of $77,765.37. Following the purchase, the director owned 315,991 shares in the company, valued at $4,073,123.99. The trade was a 1.95% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Boston Omaha Trading Up 1.8%
Shares of NYSE BOC traded up $0.23 during midday trading on Monday, reaching $13.11. The company had a trading volume of 200,343 shares, compared to its average volume of 289,987. Boston Omaha Corporation has a one year low of $10.52 and a one year high of $14.76. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.09. The firm’s fifty day moving average price is $12.16 and its 200-day moving average price is $12.41. The stock has a market cap of $398.42 million, a PE ratio of -29.79 and a beta of 0.69.
Boston Omaha (NYSE:BOC – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $28.25 million during the quarter, compared to the consensus estimate of $29.20 million.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on BOC. Wall Street Zen raised Boston Omaha from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings raised Boston Omaha from a “sell (e+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.
Get Our Latest Research Report on BOC
Boston Omaha Company Profile
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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