Boston Omaha (NYSE:BOC) Director Purchases $141,609.72 in Stock

Boston Omaha Corporation (NYSE:BOC) Director Jeffrey Royal purchased 11,046 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was acquired at an average price of $12.82 per share, for a total transaction of $141,609.72. Following the completion of the purchase, the director directly owned 21,046 shares of the company’s stock, valued at $269,809.72. This represents a 110.46% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Boston Omaha Trading Down 3.8%

BOC stock opened at $12.88 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.86 and a current ratio of 1.86. The company’s 50-day simple moving average is $12.14 and its 200 day simple moving average is $12.41. Boston Omaha Corporation has a 52 week low of $10.52 and a 52 week high of $15.10. The company has a market capitalization of $391.46 million, a PE ratio of -29.27 and a beta of 0.67.

Boston Omaha (NYSE:BOC) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate 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 business had revenue of $28.25 million during the quarter, compared to analyst estimates of $29.20 million.

Institutional Investors Weigh In On Boston Omaha

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in shares of Boston Omaha by 14.3% in the 1st quarter. Bank of America Corp DE now owns 21,969 shares of the company’s stock valued at $257,000 after purchasing an additional 2,756 shares in the last quarter. Stevens Capital Partners boosted its stake in shares of Boston Omaha by 4.8% in the 1st quarter. Stevens Capital Partners now owns 456,551 shares of the company’s stock valued at $5,333,000 after purchasing an additional 20,807 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Boston Omaha in the 4th quarter valued at approximately $125,000. Susquehanna Portfolio Strategies LLC boosted its stake in shares of Boston Omaha by 106.1% in the 4th quarter. Susquehanna Portfolio Strategies LLC now owns 35,069 shares of the company’s stock valued at $434,000 after purchasing an additional 18,055 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Boston Omaha by 110.3% in the 4th quarter. Millennium Management LLC now owns 41,101 shares of the company’s stock valued at $508,000 after purchasing an additional 21,556 shares in the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. 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 note on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Boston Omaha presently has an average rating of “Sell”.

Boston Omaha Company Profile

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.