Boston Omaha (NYSE:BOC) Director Buys $77,765.37 in Stock

by · The Markets Daily

Boston Omaha Corporation (NYSE:BOC – Get Free Report) Director Frank Kenan II bought 6,033 shares of Boston Omaha stock in a transaction on Monday, June 1st. The shares were purchased at an average price of $12.89 per share, for a total transaction of $77,765.37. Following the acquisition, the director directly owned 315,991 shares in the company, valued at approximately $4,073,123.99. This trade represents a 1.95% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Boston Omaha Stock Up 1.8%

Shares of Boston Omaha stock traded up $0.23 during midday trading on Monday, hitting $13.11. The company had a trading volume of 200,343 shares, compared to its average volume of 289,987. 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 stock has a market capitalization of $398.42 million, a P/E ratio of -29.79 and a beta of 0.69. The company has a 50 day moving average of $12.16 and a 200 day moving average of $12.41. Boston Omaha Corporation has a 52-week low of $10.52 and a 52-week high of $14.76.

Boston Omaha (NYSE:BOC – Get Free Report) last posted its quarterly 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 during 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%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BOC shares. 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 research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Check Out Our Latest Stock Report on BOC

Hedge Funds Weigh In On Boston Omaha

Several institutional investors have recently made changes to their positions in the business. Elgethun Capital Management lifted its stake in shares of 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 purchasing an additional 27,234 shares during the period. Geode Capital Management LLC lifted its position in Boston Omaha by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 519,999 shares of the company’s stock valued at $6,434,000 after purchasing an additional 4,435 shares in the last quarter. State Street Corp lifted its position in Boston Omaha by 0.3% during the fourth quarter. State Street Corp now owns 468,665 shares of the company’s stock valued at $5,797,000 after purchasing an additional 1,425 shares in the last quarter. Stevens Capital Partners lifted its position in Boston Omaha by 4.8% during the first 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. Finally, Nitor Capital Management LLC purchased a new position in Boston Omaha during the fourth quarter valued at $4,581,000. Institutional investors own 60.36% of the company’s stock.

Boston Omaha Company Profile

(Get Free Report)

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.

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