Key Points
- Director Jeffrey Royal bought 10,000 shares of Boston Omaha stock for about $124,000 at $12.40 per share, boosting his direct ownership to 10,000 shares.
- Boston Omaha shares were down 0.9% and opened at $12.63, with the stock trading near its 50-day and 200-day moving averages.
- The company recently reported weaker-than-expected quarterly results, posting a loss of $0.07 per share versus a $0.03 loss expected, while revenue also missed estimates.
Boston Omaha Corporation (NYSE:BOC - Get Free Report) Director Jeffrey Royal purchased 10,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average price of $12.40 per share, with a total value of $124,000.00. Following the acquisition, the director directly owned 10,000 shares of the company's stock, valued at $124,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Boston Omaha Stock Down 0.9%
Shares of NYSE BOC opened at $12.63 on Thursday. 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 firm has a market capitalization of $383.92 million, a price-to-earnings ratio of -28.70 and a beta of 0.67. The stock has a 50 day moving average price of $12.09 and a 200 day moving average price of $12.40. Boston Omaha Corporation has a 52-week low of $10.52 and a 52-week high of $15.10.
Boston Omaha (NYSE:BOC - Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.04). The firm had revenue of $28.25 million during the quarter, compared to analysts' expectations of $29.20 million. Boston Omaha had a negative net margin of 12.10% and a negative return on equity of 2.57%.
Institutional Trading of Boston Omaha
Hedge funds have recently bought and sold shares of the stock. Elgethun Capital Management increased its position in shares of Boston Omaha by 1.9% during the fourth 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of Boston Omaha by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 519,999 shares of the company's stock worth $6,434,000 after purchasing an additional 4,435 shares in the last quarter. State Street Corp grew its stake in Boston Omaha by 0.3% during the 4th quarter. State Street Corp now owns 468,665 shares of the company's stock worth $5,797,000 after buying an additional 1,425 shares during the last quarter. Stevens Capital Partners grew its stake in Boston Omaha by 4.8% during the 1st quarter. Stevens Capital Partners now owns 456,551 shares of the company's stock worth $5,333,000 after buying an additional 20,807 shares during the last quarter. Finally, Nitor Capital Management LLC acquired a new position in Boston Omaha during the 4th quarter valued at about $4,581,000. Hedge funds and other institutional investors own 60.36% of the company's stock.
Analysts Set New Price Targets
A number of analysts have weighed in on the company. Weiss Ratings upgraded Boston Omaha from a "sell (e+)" rating to a "sell (d)" rating in a report on Friday, May 15th. Wall Street Zen upgraded Boston Omaha from a "strong sell" rating to a "sell" rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of "Sell".
Read Our Latest Stock Analysis on Boston Omaha
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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