Boston Omaha (NYSE:BOC) Director Purchases $77,765.37 in Stock

Boston Omaha Corporation (NYSE:BOCGet 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:BOCGet 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

A number of hedge funds and other institutional investors have recently made changes to their positions in BOC. State of Wyoming purchased a new position in shares of Boston Omaha during the 2nd quarter worth approximately $50,000. Pittenger & Anderson Inc. purchased a new position in shares of Boston Omaha during the 4th quarter worth approximately $53,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Boston Omaha during the 4th quarter worth approximately $125,000. Jump Financial LLC purchased a new position in shares of Boston Omaha during the 4th quarter worth approximately $138,000. Finally, Verition Fund Management LLC purchased a new position in shares of Boston Omaha during the 3rd quarter worth approximately $155,000. Hedge funds and other institutional investors own 60.36% of the company’s stock.

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

(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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