Boston Omaha (NYSE:BOC) Director Jeffrey Royal Buys 11,046 Shares

Boston Omaha Corporation (NYSE:BOC) Director Jeffrey Royal bought 11,046 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of $12.82 per share, with a total value of $141,609.72. Following the purchase, the director owned 21,046 shares of the company’s stock, valued at $269,809.72. The trade was a 110.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Boston Omaha Price Performance

BOC stock opened at $12.63 on Thursday. The business has a 50 day moving average price of $12.09 and a 200 day moving average price of $12.40. The stock has a market cap of $383.92 million, a price-to-earnings ratio of -28.70 and a beta of 0.67. Boston Omaha Corporation has a fifty-two week low of $10.52 and a fifty-two week high of $15.10. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.09.

Boston Omaha (NYSE:BOC) last posted 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 business had revenue of $28.25 million for the quarter, compared to analysts’ expectations of $29.20 million. Boston Omaha had a negative return on equity of 2.57% and a negative net margin of 12.10%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BOC. AQR Capital Management LLC grew its holdings in Boston Omaha by 6.3% during the first quarter. AQR Capital Management LLC now owns 13,849 shares of the company’s stock worth $202,000 after acquiring an additional 815 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Boston Omaha during the first quarter worth $176,000. Jane Street Group LLC grew its holdings in Boston Omaha by 104.7% during the first quarter. Jane Street Group LLC now owns 87,917 shares of the company’s stock worth $1,282,000 after acquiring an additional 44,968 shares during the period. American Century Companies Inc. grew its holdings in Boston Omaha by 15.5% during the second quarter. American Century Companies Inc. now owns 52,247 shares of the company’s stock worth $734,000 after acquiring an additional 7,018 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Boston Omaha during the second quarter worth $2,214,000. Institutional investors and hedge funds own 60.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BOC. Weiss Ratings upgraded Boston Omaha from a “sell (e+)” rating to a “sell (d)” rating in a research note on Friday, May 15th. Wall Street Zen upgraded 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.com, Boston Omaha presently has a consensus 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.