Boston Omaha (NYSE:BOC) Director Buys $464,193.03 in Stock

Boston Omaha Corporation (NYSE:BOC) Director Frank Kenan II bought 34,719 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were bought at an average price of $13.37 per share, with a total value of $464,193.03. Following the completion of the acquisition, the director directly owned 299,958 shares in the company, valued at $4,010,438.46. This trade represents a 13.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Boston Omaha Trading Down 2.2%

Shares of BOC stock opened at $13.34 on Thursday. The stock has a market capitalization of $405.51 million, a PE ratio of -30.32 and a beta of 0.69. Boston Omaha Corporation has a 1-year low of $10.52 and a 1-year high of $14.50. The business has a 50-day moving average of $12.22 and a 200 day moving average of $12.43. 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 earnings results on Thursday, May 14th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The company had revenue of $28.25 million for the quarter, compared to analysts’ expectations of $29.20 million. Boston Omaha had a negative net margin of 12.10% and a negative return on equity of 2.57%.

Institutional Investors Weigh In On Boston Omaha

Several institutional investors and hedge funds have recently bought and sold shares of the business. Elgethun Capital Management lifted its holdings in Boston Omaha by 1.9% in the 4th quarter. Elgethun Capital Management now owns 1,453,842 shares of the company’s stock worth $17,984,000 after buying an additional 27,234 shares during the period. Geode Capital Management LLC lifted its holdings in Boston Omaha by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 519,999 shares of the company’s stock worth $6,434,000 after buying an additional 4,435 shares during the period. State Street Corp lifted its holdings in Boston Omaha by 0.3% in the 4th quarter. State Street Corp now owns 468,665 shares of the company’s stock worth $5,797,000 after buying an additional 1,425 shares during the period. Stevens Capital Partners lifted its holdings in Boston Omaha by 4.8% in the 1st quarter. Stevens Capital Partners now owns 456,551 shares of the company’s stock worth $5,333,000 after buying an additional 20,807 shares during the period. Finally, Nitor Capital Management LLC purchased a new stake in Boston Omaha in the 4th quarter worth approximately $4,581,000. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded Boston Omaha from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded Boston Omaha from a “sell (e+)” rating to a “sell (d)” rating in a report on Friday, May 15th. One investment 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.