Frank Kenan II Purchases 34,719 Shares of Boston Omaha (NYSE:BOC) Stock

Boston Omaha Corporation (NYSE:BOC) Director Frank Kenan II bought 34,719 shares of Boston Omaha stock in a transaction dated Thursday, May 28th. The stock was acquired at an average cost of $13.37 per share, for a total transaction 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 represents a 13.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Boston Omaha Stock Up 4.2%

Shares of BOC opened at $13.64 on Wednesday. The company has a market capitalization of $414.66 million, a P/E ratio of -31.00 and a beta of 0.69. 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 Corporation has a one year low of $10.52 and a one year high of $14.50. The business’s 50 day simple moving average is $12.16 and its 200-day simple moving average is $12.41.

Boston Omaha (NYSE:BOC) last posted its quarterly earnings data 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). Boston Omaha had a negative return on equity of 2.57% and a negative net margin of 12.10%.The company had revenue of $28.25 million during the quarter, compared to the consensus estimate of $29.20 million.

Analysts Set New Price Targets

BOC has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Boston Omaha from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded shares of Boston Omaha from a “sell (e+)” rating to a “sell (d)” rating in a research report on Friday, May 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Trading of Boston Omaha

Institutional investors and hedge funds have recently made changes to their positions in the business. State of Wyoming bought a new stake in shares of Boston Omaha during the 2nd quarter valued at $50,000. Pittenger & Anderson Inc. bought a new stake in shares of Boston Omaha during the 4th quarter valued at $53,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Boston Omaha during the 4th quarter valued at $125,000. Jump Financial LLC bought a new stake in shares of Boston Omaha during the 4th quarter valued at $138,000. Finally, Verition Fund Management LLC bought a new stake in shares of Boston Omaha during the 3rd quarter valued at $155,000. Institutional investors own 60.36% of the company’s stock.

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.