Boston Omaha (NYSE:BOC) Director Buys $124,000.00 in Stock

Boston Omaha Corporation (NYSE:BOC) Director Jeffrey Royal acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $12.40 per share, with a total value of $124,000.00. Following the transaction, the director directly owned 10,000 shares in the company, valued at $124,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Boston Omaha Stock Performance

BOC stock traded down $0.12 on Wednesday, reaching $12.63. 173,748 shares of the company were exchanged, compared to its average volume of 165,938. The firm has a market capitalization of $383.97 million, a PE ratio of -28.70 and a beta of 0.67. Boston Omaha Corporation has a 12 month low of $10.52 and a 12 month high of $15.10. The stock’s fifty day moving average price is $12.09 and its 200 day moving average price is $12.40. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.86 and a quick ratio of 1.86.

Boston Omaha (NYSE:BOC) last posted its quarterly earnings results 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 company had revenue of $28.25 million during the quarter, compared to analyst estimates of $29.20 million.

Wall Street Analysts Forecast Growth

BOC has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Boston Omaha from a “sell (e+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Wall Street Zen upgraded shares of Boston Omaha from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Boston Omaha

Several institutional investors have recently bought and sold shares of the stock. Elgethun Capital Management raised its stake in Boston Omaha by 36.1% during the third quarter. Elgethun Capital Management now owns 1,426,608 shares of the company’s stock worth $18,632,000 after acquiring an additional 378,624 shares in the last quarter. Nitor Capital Management LLC acquired a new stake in shares of Boston Omaha in the 4th quarter valued at $4,581,000. First Manhattan CO. LLC. acquired a new stake in shares of Boston Omaha in the 4th quarter valued at $4,131,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Boston Omaha in the 2nd quarter worth about $2,214,000. Finally, Jane Street Group LLC grew its holdings in shares of Boston Omaha by 104.7% in the 1st quarter. Jane Street Group LLC now owns 87,917 shares of the company’s stock worth $1,282,000 after purchasing an additional 44,968 shares during the last quarter. Institutional investors and hedge funds own 60.36% of the company’s stock.

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.