Insider Buying: Boston Omaha Co. (NYSE:BOC) Director Acquires $40,410.00 in Stock

Boston Omaha Co. (NYSE:BOC) Director Vishnu Srinivasan bought 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average cost of $13.47 per share, with a total value of $40,410.00. Following the completion of the acquisition, the director now owns 12,750 shares of the company’s stock, valued at approximately $171,742.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Boston Omaha Stock Up 3.1 %

Shares of BOC opened at $14.84 on Monday. The company has a market cap of $466.85 million, a PE ratio of -70.67 and a beta of 0.77. The business has a fifty day moving average of $15.39 and a 200 day moving average of $15.46. Boston Omaha Co. has a 52-week low of $13.33 and a 52-week high of $20.81. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.04.

Boston Omaha (NYSE:BOC) last released its earnings results on Friday, May 17th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.06). Boston Omaha had a negative return on equity of 1.08% and a negative net margin of 6.56%. The business had revenue of $25.55 million for the quarter, compared to the consensus estimate of $25.50 million.

Analyst Upgrades and Downgrades

BOC has been the subject of a number of recent research reports. TD Cowen cut their target price on shares of Boston Omaha from $35.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, April 2nd. Wells Fargo & Company lowered their price target on Boston Omaha from $23.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, May 20th.

Institutional Trading of Boston Omaha

Several institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in shares of Boston Omaha during the first quarter worth $302,000. Motley Fool Asset Management LLC bought a new stake in shares of Boston Omaha during the first quarter worth $241,000. Ironvine Capital Partners LLC lifted its position in shares of Boston Omaha by 18.8% during the first quarter. Ironvine Capital Partners LLC now owns 420,667 shares of the company’s stock worth $6,504,000 after purchasing an additional 66,672 shares during the last quarter. EntryPoint Capital LLC lifted its position in shares of Boston Omaha by 6.9% during the first quarter. EntryPoint Capital LLC now owns 15,011 shares of the company’s stock worth $232,000 after purchasing an additional 966 shares during the last quarter. Finally, Elgethun Capital Management increased its stake in shares of Boston Omaha by 40.2% during the first quarter. Elgethun Capital Management now owns 444,816 shares of the company’s stock valued at $6,857,000 after buying an additional 127,652 shares during the period. 60.36% of the stock is currently owned by institutional investors.

About Boston Omaha

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 asset management businesses. The company was formerly known as REO Plus, Inc and changed its name to Boston Omaha Corporation in March 2015.