Boston Omaha Corporation (NYSE:BOC – Get Free Report) Director Frank Kenan II purchased 10,000 shares of Boston Omaha stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average cost of $12.93 per share, for a total transaction of $129,300.00. Following the completion of the transaction, the director directly owned 309,958 shares in the company, valued at $4,007,756.94. This represents a 3.33% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.
Boston Omaha Stock Up 1.8%
BOC stock traded up $0.23 during midday trading on Monday, hitting $13.11. 200,343 shares of the company’s stock were exchanged, compared to its average volume of 289,987. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.09. Boston Omaha Corporation has a 12-month low of $10.52 and a 12-month high of $14.76. The firm has a 50 day moving average price of $12.16 and a 200-day moving average price of $12.41. The stock has a market capitalization of $398.42 million, a price-to-earnings ratio of -29.79 and a beta of 0.69.
Boston Omaha (NYSE:BOC – Get Free Report) last posted its quarterly earnings data 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 return on equity of 2.57% and a negative net margin of 12.10%.The business had revenue of $28.25 million for the quarter, compared to analysts’ expectations of $29.20 million.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Weiss Ratings upgraded Boston Omaha from a “sell (e+)” rating to a “sell (d)” rating in a report on Friday, May 15th. Wall Street Zen upgraded Boston Omaha from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.
Get Our Latest Stock Report on Boston Omaha
About Boston Omaha
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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