Boston Omaha Co. (NYSE:BOC) CEO Buys $15,014.64 in Stock

Boston Omaha Co. (NYSE:BOC) CEO Adam K. Peterson bought 876 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were purchased at an average cost of $17.14 per share, for a total transaction of $15,014.64. Following the completion of the transaction, the chief executive officer now owns 6,692,918 shares of the company’s stock, valued at $114,716,614.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Boston Omaha Stock Up 3.2 %

Shares of BOC opened at $17.57 on Friday. Boston Omaha Co. has a 12 month low of $16.12 and a 12 month high of $28.98. The company has a 50-day moving average price of $18.15 and a two-hundred day moving average price of $19.99. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.04. The stock has a market cap of $550.03 million, a price-to-earnings ratio of 878.50 and a beta of 0.73.

Boston Omaha (NYSE:BOC) last posted its earnings results on Monday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter. Boston Omaha had a net margin of 0.61% and a return on equity of 0.10%. The company had revenue of $24.22 million during the quarter, compared to analysts’ expectations of $23.60 million.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Covington Capital Management bought a new position in shares of Boston Omaha in the third quarter valued at approximately $32,000. Tower Research Capital LLC TRC bought a new position in shares of Boston Omaha in the third quarter valued at approximately $36,000. FMR LLC raised its stake in shares of Boston Omaha by 375.9% in the first quarter. FMR LLC now owns 2,632 shares of the company’s stock valued at $62,000 after acquiring an additional 2,079 shares during the last quarter. Royal Bank of Canada bought a new position in shares of Boston Omaha in the third quarter valued at approximately $62,000. Finally, Ensign Peak Advisors Inc bought a new position in Boston Omaha in the 3rd quarter worth approximately $63,000. Institutional investors own 60.78% of the company’s stock.

Analyst Ratings Changes

BOC has been the topic of a number of recent research reports. TD Cowen decreased their target price on Boston Omaha from $40.50 to $35.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 29th. Wells Fargo & Company decreased their target price on Boston Omaha from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, August 24th.

Boston Omaha Company Profile

Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. It is also involved in the surety insurance and related brokerage, broadband, and investment businesses. The company was formerly known as REO Plus, Inc and changed its name to Boston Omaha Corporation in March 2015.