BOSTON OMAHA (NASDAQ:BOMN) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of BOSTON OMAHA (NASDAQ:BOMN) from a sell rating to a hold rating in a research note published on Saturday morning, BidAskClub reports.

Separately, ValuEngine upgraded BOSTON OMAHA from a hold rating to a buy rating in a research note on Wednesday, October 2nd.

NASDAQ:BOMN traded up $0.28 on Friday, hitting $23.26. The company’s stock had a trading volume of 43,600 shares, compared to its average volume of 45,529. The stock has a fifty day moving average of $20.33 and a two-hundred day moving average of $22.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 6.65 and a quick ratio of 6.65. BOSTON OMAHA has a one year low of $18.44 and a one year high of $28.56.

BOSTON OMAHA (NASDAQ:BOMN) last released its earnings results on Friday, August 9th. The company reported ($0.09) earnings per share for the quarter. BOSTON OMAHA had a negative return on equity of 3.66% and a negative net margin of 34.78%. The business had revenue of $10.14 million for the quarter.

In other news, Director Brendan Joseph Keating purchased 5,650 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was bought at an average cost of $20.00 per share, for a total transaction of $113,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 56.11% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp lifted its stake in shares of BOSTON OMAHA by 12.2% in the 2nd quarter. Northern Trust Corp now owns 68,534 shares of the company’s stock valued at $1,587,000 after acquiring an additional 7,428 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of BOSTON OMAHA by 458.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,881 shares of the company’s stock valued at $155,000 after acquiring an additional 5,649 shares during the last quarter. BlackRock Inc. lifted its stake in shares of BOSTON OMAHA by 68.0% in the 2nd quarter. BlackRock Inc. now owns 637,277 shares of the company’s stock valued at $14,752,000 after acquiring an additional 257,983 shares during the last quarter. Ironvine Capital Partners LLC lifted its stake in shares of BOSTON OMAHA by 74.8% in the 3rd quarter. Ironvine Capital Partners LLC now owns 297,667 shares of the company’s stock valued at $5,927,000 after acquiring an additional 127,376 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in BOSTON OMAHA by 95.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 23,452 shares of the company’s stock worth $543,000 after purchasing an additional 11,452 shares during the last quarter. Institutional investors own 74.10% of the company’s stock.

About BOSTON OMAHA

Boston Omaha Corporation, together with its subsidiaries, engages in the outdoor billboard advertising business in the southeast United States. The company is also involved in the surety insurance and related brokerage, and investment businesses. As of March 11, 2019, it operated approximately 2,900 billboards containing approximately 5,400 advertising faces of which 61 are digital displays.

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