Insider Selling: Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells 13,691 Shares of Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 13,691 shares of the stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $10.88, for a total transaction of $148,958.08. Following the transaction, the insider now owns 9,171,213 shares in the company, valued at approximately $99,782,797.44. The trade was a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• 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 transaction of $168,443.85.
• On Wednesday, April 23rd, Omaha Corp Boston sold 6,295 shares of Boston Omaha stock. The stock was sold at an average price of $11.07, for a total transaction of $69,685.65.
• On Monday, April 21st, Omaha Corp Boston sold 17,037 shares of Boston Omaha stock. The stock was sold at an average price of $11.19, for a total transaction of $190,644.03.
• On Wednesday, April 16th, Omaha Corp Boston sold 10,406 shares of Boston Omaha stock. The stock was sold at an average price of $11.08, for a total transaction of $115,298.48.
• On Monday, April 14th, Omaha Corp Boston sold 16,828 shares of Boston Omaha stock. The stock was sold at an average price of $11.69, for a total transaction of $196,719.32.
• On Friday, April 11th, Omaha Corp Boston sold 12,768 shares of Boston Omaha stock. The stock was sold at an average price of $11.39, for a total transaction of $145,427.52.
• On Wednesday, April 9th, Omaha Corp Boston sold 78,522 shares of Boston Omaha stock. The stock was sold at an average price of $11.06, for a total transaction of $868,453.32.
• On Monday, April 7th, Omaha Corp Boston sold 12,438 shares of Boston Omaha stock. The shares were sold at an average price of $11.74, for a total transaction of $146,022.12.
• On Wednesday, April 2nd, Omaha Corp Boston sold 45,440 shares of Boston Omaha stock. The shares were sold at an average price of $12.56, for a total transaction of $570,726.40.
• On Monday, March 31st, Omaha Corp Boston sold 30,197 shares of Boston Omaha stock. The shares were sold at an average price of $13.29, for a total transaction of $401,318.13.

Boston Omaha Stock Performance

NYSE:BOC opened at $15.47 on Tuesday. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $486.58 million, a price-to-earnings ratio of -46.88 and a beta of 0.84. The firm’s fifty day simple moving average is $14.37 and its 200 day simple moving average is $14.63. Boston Omaha Co. has a twelve month low of $12.41 and a twelve month high of $16.20.

Boston Omaha (NYSE:BOC) last issued its quarterly earnings data on Friday, March 28th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.19. Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%. The firm had revenue of $27.93 million for the quarter, compared to analyst estimates of $28.00 million.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Boston Omaha

Institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in Boston Omaha in the 4th quarter worth $31,000. KLP Kapitalforvaltning AS acquired a new position in Boston Omaha in the 4th quarter worth $79,000. Price T Rowe Associates Inc. MD acquired a new position in Boston Omaha in the 4th quarter worth $146,000. SG Americas Securities LLC increased its position in shares of Boston Omaha by 20.4% in the 4th quarter. SG Americas Securities LLC now owns 10,833 shares of the company’s stock worth $154,000 after purchasing an additional 1,837 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Boston Omaha in the 4th quarter worth about $192,000. Institutional investors and hedge funds own 60.36% of the company’s stock.

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