Insider Buying: 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 company’s stock in a transaction dated Friday, May 22nd. The shares were purchased at an average cost of $12.40 per share, for a total transaction of $124,000.00. Following the purchase, the director directly owned 10,000 shares in the company, valued at approximately $124,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Boston Omaha Price Performance

Shares of NYSE BOC opened at $12.88 on Friday. The stock has a market capitalization of $391.46 million, a price-to-earnings ratio of -29.27 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 firm’s 50 day simple moving average is $12.14 and its 200-day simple moving average is $12.41. 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 issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The firm had revenue of $28.25 million for the quarter, compared to analyst estimates of $29.20 million. Boston Omaha had a negative return on equity of 2.57% and a negative net margin of 12.10%.

Analyst Ratings Changes

A number of research firms recently issued reports on BOC. Weiss Ratings raised 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 raised shares of Boston Omaha from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Boston Omaha

Institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming acquired a new stake in Boston Omaha in the 2nd quarter valued at $50,000. Pittenger & Anderson Inc. acquired a new stake in Boston Omaha in the 4th quarter valued at $53,000. Mercer Global Advisors Inc. ADV acquired a new stake in Boston Omaha in the 4th quarter valued at $125,000. Jump Financial LLC purchased a new position in Boston Omaha in the 4th quarter valued at $138,000. Finally, Verition Fund Management LLC purchased a new position in Boston Omaha in the 3rd quarter valued at $155,000. 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.