Boston Omaha Co. (NYSE:BOC) Shares Bought by Flagstone Financial Management

Flagstone Financial Management lifted its stake in shares of Boston Omaha Co. (NYSE:BOC) by 35.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,396 shares of the company’s stock after acquiring an additional 3,760 shares during the quarter. Flagstone Financial Management’s holdings in Boston Omaha were worth $204,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Boston Omaha by 9.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,249,746 shares of the company’s stock valued at $16,822,000 after purchasing an additional 105,152 shares during the period. Fenimore Asset Management Inc lifted its holdings in shares of Boston Omaha by 0.3% in the fourth quarter. Fenimore Asset Management Inc now owns 938,162 shares of the company’s stock valued at $13,303,000 after buying an additional 2,455 shares during the period. Private Management Group Inc. grew its holdings in Boston Omaha by 13.5% during the third quarter. Private Management Group Inc. now owns 787,582 shares of the company’s stock worth $11,711,000 after acquiring an additional 93,836 shares during the period. Geode Capital Management LLC raised its position in Boston Omaha by 4.2% in the third quarter. Geode Capital Management LLC now owns 533,777 shares of the company’s stock worth $7,939,000 after acquiring an additional 21,682 shares in the last quarter. Finally, State Street Corp raised its position in Boston Omaha by 1.9% in the third quarter. State Street Corp now owns 492,192 shares of the company’s stock worth $7,319,000 after acquiring an additional 9,073 shares in the last quarter. Institutional investors own 60.36% of the company’s stock.

Boston Omaha Trading Down 1.2 %

Shares of BOC opened at $14.55 on Friday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average is $14.56 and its 200-day moving average is $14.48. Boston Omaha Co. has a 12-month low of $12.41 and a 12-month high of $16.99.

Boston Omaha (NYSE:BOC) last announced its earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The company had revenue of $27.70 million for the quarter, compared to analysts’ expectations of $27.20 million. Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%.

Insider Buying and Selling

In related news, major shareholder Omaha Corp Boston sold 9,077 shares of Boston Omaha stock in a transaction on Monday, December 30th. The shares were sold at an average price of $12.06, for a total value of $109,468.62. Following the completion of the sale, the insider now owns 10,903,830 shares of the company’s stock, valued at approximately $131,500,189.80. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 108,868 shares of company stock worth $1,253,412. 23.33% of the stock is owned by company insiders.

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.