Adam K. Peterson Buys 4,552 Shares of Boston Omaha Co. (NYSE:BOC) Stock

Boston Omaha Co. (NYSE:BOCGet Free Report) CEO Adam K. Peterson bought 4,552 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was purchased at an average cost of $13.90 per share, for a total transaction of $63,272.80. Following the completion of the transaction, the chief executive officer now directly owns 6,747,870 shares in the company, valued at approximately $93,795,393. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Boston Omaha Trading Up 1.2 %

Shares of BOC stock traded up $0.17 during mid-day trading on Monday, reaching $13.90. The company’s stock had a trading volume of 166,713 shares, compared to its average volume of 165,912. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $437.29 million, a PE ratio of -65.57 and a beta of 0.79. The company’s 50 day simple moving average is $14.91 and its 200-day simple moving average is $15.41. Boston Omaha Co. has a 12-month low of $13.33 and a 12-month high of $19.74.

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

Institutional Investors Weigh In On Boston Omaha

Hedge funds have recently modified their holdings of the stock. Security National Bank purchased a new position in Boston Omaha in the 4th quarter worth approximately $44,000. Bfsg LLC acquired a new position in shares of Boston Omaha during the first quarter worth $48,000. AJOVista LLC purchased a new position in shares of Boston Omaha in the fourth quarter valued at $66,000. Simplex Trading LLC boosted its stake in shares of Boston Omaha by 489.5% in the fourth quarter. Simplex Trading LLC now owns 5,394 shares of the company’s stock valued at $84,000 after purchasing an additional 4,479 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in Boston Omaha by 864.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,824 shares of the company’s stock valued at $92,000 after purchasing an additional 5,220 shares in the last quarter. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BOC shares. TD Cowen dropped their price target on Boston Omaha from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, April 2nd. Wells Fargo & Company decreased their target price on Boston Omaha from $23.00 to $17.00 and set an “overweight” rating for the company in a report on Monday, May 20th.

Check Out Our Latest Stock Analysis on BOC

Boston Omaha Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Boston Omaha (NYSE:BOC)

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