Boston Omaha Co. (NYSE:BOC) Director Acquires $192,300.00 in Stock

Boston Omaha Co. (NYSE:BOC – Get Rating) Director Jeffrey C. Royal bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were purchased at an average cost of $19.23 per share, with a total value of $192,300.00. Following the transaction, the director now directly owns 21,176 shares of the company’s stock, valued at $407,214.48. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Boston Omaha Trading Up 5.7 %

NYSE BOC opened at $21.27 on Friday. The company has a fifty day simple moving average of $21.46 and a two-hundred day simple moving average of $24.57. The stock has a market cap of $665.96 million, a P/E ratio of -50.64 and a beta of 0.77. Boston Omaha Co. has a 12-month low of $18.68 and a 12-month high of $29.40. The company has a current ratio of 2.75, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. TD Cowen raised their price target on shares of Boston Omaha from $40.00 to $41.50 and gave the stock an “outperform” rating in a report on Friday, March 31st. Wells Fargo & Company decreased their price target on shares of Boston Omaha from $34.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, March 29th.

Institutional Trading of Boston Omaha

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in shares of Boston Omaha in the third quarter worth $190,000. Santa Monica Partners LP acquired a new stake in shares of Boston Omaha in the third quarter worth $3,091,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Boston Omaha in the third quarter worth $37,000. Credit Suisse AG acquired a new stake in shares of Boston Omaha in the third quarter worth $349,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Boston Omaha in the third quarter worth $15,477,000. Institutional investors and hedge funds own 63.81% of the company’s stock.

About Boston Omaha

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Boston Omaha Corp. is a holding company, which engages in the provision of billboards, surety insurance, and insurance brokerage activities. It operates through the Insurance and Billboards segments. The Insurance segment refers to commissions from the firm’s surety brokerage businesses. The Billboards segment includes billboard acquisition and rentals.