Insider Selling: Boston Omaha Co. (NYSE:BOC) Major Shareholder Sells $89,300.96 in Stock

Boston Omaha Co. (NYSE:BOC) major shareholder Omaha Corp Boston sold 7,861 shares of Boston Omaha stock in a transaction on Friday, January 17th. The stock was sold at an average price of $11.36, for a total value of $89,300.96. Following the completion of the transaction, the insider now owns 10,820,950 shares in the company, valued at $122,925,992. The trade was a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, January 15th, Omaha Corp Boston sold 8,857 shares of Boston Omaha stock. The stock was sold at an average price of $11.18, for a total value of $99,021.26.
• On Monday, January 6th, Omaha Corp Boston sold 10,029 shares of Boston Omaha stock. The shares were sold at an average price of $11.65, for a total transaction of $116,837.85.
• On Thursday, January 2nd, Omaha Corp Boston sold 140 shares of Boston Omaha stock. The shares were sold at an average price of $12.02, for a total transaction of $1,682.80.
• On Monday, December 30th, Omaha Corp Boston sold 9,077 shares of Boston Omaha stock. The stock was sold at an average price of $12.06, for a total transaction of $109,468.62.
• On Friday, December 27th, Omaha Corp Boston sold 15,904 shares of Boston Omaha stock. The shares were sold at an average price of $12.21, for a total transaction of $194,187.84.

Boston Omaha Stock Performance

Shares of Boston Omaha stock opened at $14.78 on Monday. The stock has a market cap of $463.68 million, a PE ratio of -44.79 and a beta of 0.82. Boston Omaha Co. has a 12 month low of $12.41 and a 12 month high of $16.99. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $14.61 and a 200-day simple moving average of $14.39.

Boston Omaha (NYSE:BOC) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The business had revenue of $27.70 million for the quarter, compared to analyst estimates of $27.20 million. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%.

Institutional Trading of Boston Omaha

Several institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its position in Boston Omaha by 15.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 83,020 shares of the company’s stock worth $1,117,000 after buying an additional 10,828 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Boston Omaha by 4.5% in the second quarter. Commonwealth Equity Services LLC now owns 21,449 shares of the company’s stock worth $289,000 after acquiring an additional 925 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Boston Omaha by 4.8% during the second quarter. Rhumbline Advisers now owns 39,908 shares of the company’s stock worth $537,000 after acquiring an additional 1,822 shares in the last quarter. American Century Companies Inc. boosted its position in Boston Omaha by 20.2% during the second quarter. American Century Companies Inc. now owns 27,327 shares of the company’s stock valued at $368,000 after purchasing an additional 4,599 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Boston Omaha by 9.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,249,746 shares of the company’s stock worth $16,822,000 after purchasing an additional 105,152 shares during the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

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.