Price T Rowe Associates Inc. MD Buys Shares of 10,226 Boston Omaha Co. (NYSE:BOC)

Price T Rowe Associates Inc. MD bought a new stake in Boston Omaha Co. (NYSE:BOC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,226 shares of the company’s stock, valued at approximately $146,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of Boston Omaha by 6.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,471,085 shares of the company’s stock worth $20,860,000 after purchasing an additional 85,000 shares in the last quarter. Fenimore Asset Management Inc grew its holdings in shares of Boston Omaha by 0.3% during the 4th quarter. Fenimore Asset Management Inc now owns 938,162 shares of the company’s stock worth $13,303,000 after purchasing an additional 2,455 shares in the last quarter. Elgethun Capital Management grew its holdings in shares of Boston Omaha by 16.4% during the 4th quarter. Elgethun Capital Management now owns 559,485 shares of the company’s stock worth $7,933,000 after purchasing an additional 78,662 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Boston Omaha by 58.1% during the 4th quarter. JPMorgan Chase & Co. now owns 128,827 shares of the company’s stock worth $1,827,000 after purchasing an additional 47,351 shares in the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in shares of Boston Omaha during the 4th quarter worth approximately $1,481,000. Institutional investors and hedge funds own 60.36% of the company’s stock.

Boston Omaha Price Performance

Boston Omaha stock opened at $14.35 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.09 and a quick ratio of 2.09. The company has a market capitalization of $451.35 million, a PE ratio of -43.48 and a beta of 1.01. Boston Omaha Co. has a one year low of $12.41 and a one year high of $16.20. The business has a 50 day simple moving average of $14.67 and a 200 day simple moving average of $14.66.

Boston Omaha (NYSE:BOC) last posted its earnings results on Wednesday, May 14th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03). The company had revenue of $27.73 million for the quarter, compared to the consensus estimate of $27.14 million. Boston Omaha had a negative return on equity of 1.76% and a negative net margin of 9.73%.

Insider Buying and Selling at Boston Omaha

In other Boston Omaha news, major shareholder Omaha Corp Boston sold 45,440 shares of Boston Omaha stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $12.56, for a total value of $570,726.40. Following the completion of the transaction, the insider now owns 9,450,982 shares in the company, valued at approximately $118,704,333.92. The trade was a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 259,005 shares of company stock worth $3,021,697. 23.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, TD Cowen cut their target price on Boston Omaha from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th.

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