Adam K. Peterson Purchases 25,300 Shares of Boston Omaha Co. (NYSE:BOC) Stock

Boston Omaha Co. (NYSE:BOCGet Free Report) CEO Adam K. Peterson bought 25,300 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were acquired at an average cost of $14.37 per share, with a total value of $363,561.00. Following the completion of the purchase, the chief executive officer now owns 6,718,218 shares of the company’s stock, valued at $96,540,792.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Boston Omaha Stock Down 0.3 %

Boston Omaha stock traded down $0.04 during trading hours on Friday, hitting $13.86. The company had a trading volume of 261,071 shares, compared to its average volume of 163,322. The firm has a market capitalization of $436.04 million, a P/E ratio of -66.00 and a beta of 0.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.92 and a quick ratio of 2.92. The firm’s fifty day moving average is $15.09 and its 200-day moving average is $15.44. Boston Omaha Co. has a fifty-two week low of $13.33 and a fifty-two week high of $20.81.

Boston Omaha (NYSE:BOCGet Free Report) last released its quarterly earnings data on Friday, May 17th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The company had revenue of $25.55 million during the quarter, compared to analyst estimates of $25.50 million. Boston Omaha had a negative net margin of 6.56% and a negative return on equity of 1.08%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Security National Bank acquired a new position in shares of Boston Omaha during the 4th quarter worth $44,000. Bfsg LLC acquired a new position in shares of Boston Omaha during the 1st quarter worth $48,000. AJOVista LLC acquired a new position in shares of Boston Omaha during the 4th quarter worth $66,000. Simplex Trading LLC increased its stake in shares of Boston Omaha by 489.5% during the 4th quarter. Simplex Trading LLC now owns 5,394 shares of the company’s stock worth $84,000 after purchasing an additional 4,479 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Boston Omaha by 864.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,824 shares of the company’s stock valued at $92,000 after buying an additional 5,220 shares during the last quarter. Institutional investors and hedge funds own 60.36% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on BOC. TD Cowen reduced their price target on shares of Boston Omaha from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. Wells Fargo & Company reduced their price target on shares of Boston Omaha from $23.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, May 20th.

Get Our Latest Analysis on Boston Omaha

Boston Omaha Company Profile

(Get Free Report)

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.

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