Boston Omaha Co. (NYSE:BOC) Shares Bought by Fenimore Asset Management Inc

Fenimore Asset Management Inc grew its holdings in Boston Omaha Co. (NYSE:BOC) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 938,162 shares of the company’s stock after buying an additional 2,455 shares during the quarter. Fenimore Asset Management Inc owned about 2.99% of Boston Omaha worth $13,303,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of BOC. American Century Companies Inc. raised its position in Boston Omaha by 20.2% in the second quarter. American Century Companies Inc. now owns 27,327 shares of the company’s stock worth $368,000 after acquiring an additional 4,599 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Boston Omaha by 9.2% in 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 in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Boston Omaha by 333.9% in the 2nd quarter. Renaissance Technologies LLC now owns 193,100 shares of the company’s stock valued at $2,599,000 after purchasing an additional 148,600 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Boston Omaha in the second quarter valued at about $139,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Boston Omaha during the second quarter worth about $141,000. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

Boston Omaha Price Performance

Shares of BOC opened at $14.58 on Friday. The firm’s 50-day moving average is $14.55 and its two-hundred day moving average is $14.43. Boston Omaha Co. has a twelve month low of $12.41 and a twelve month high of $16.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 2.09.

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

Insider Activity

In other news, major shareholder Omaha Corp Boston sold 15,904 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $12.21, for a total transaction of $194,187.84. Following the completion of the transaction, the insider now directly owns 10,912,907 shares of the company’s stock, valued at $133,246,594.47. This trade represents a 0.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 81,239 shares of company stock worth $944,354 over the last 90 days. 23.33% of the stock is currently owned by corporate insiders.

Boston Omaha Company 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.