Quantbot Technologies LP Makes New $31,000 Investment in Boston Omaha Co. (NYSE:BOC)

Quantbot Technologies LP acquired a new stake in shares of Boston Omaha Co. (NYSE:BOC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,221 shares of the company’s stock, valued at approximately $31,000.

A number of other large investors have also recently made changes to their positions in BOC. SG Americas Securities LLC increased its stake in shares of Boston Omaha by 20.4% in the fourth quarter. SG Americas Securities LLC now owns 10,833 shares of the company’s stock worth $154,000 after acquiring an additional 1,837 shares during the period. BNP Paribas Financial Markets grew its position in Boston Omaha by 61.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,474 shares of the company’s stock worth $200,000 after purchasing an additional 5,107 shares during the period. Intech Investment Management LLC acquired a new stake in Boston Omaha during the 4th quarter worth about $192,000. Raymond James Financial Inc. acquired a new position in shares of Boston Omaha in the 4th quarter valued at about $194,000. Finally, Flagstone Financial Management boosted its stake in shares of Boston Omaha by 35.4% in the fourth quarter. Flagstone Financial Management now owns 14,396 shares of the company’s stock worth $204,000 after buying an additional 3,760 shares during the last quarter. 60.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Boston Omaha

In other news, major shareholder Omaha Corp Boston sold 8,857 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $11.18, for a total value of $99,021.26. Following the completion of the sale, the insider now directly owns 10,852,718 shares in the company, valued at $121,333,387.24. This represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 98,728 shares of company stock valued at $1,116,310. 23.33% of the stock is owned by insiders.

Boston Omaha Price Performance

Shares of NYSE BOC opened at $14.57 on Wednesday. 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 stock has a market capitalization of $457.03 million, a price-to-earnings ratio of -44.14 and a beta of 0.84. The firm’s 50 day simple moving average is $14.47 and its 200-day simple moving average is $14.64. Boston Omaha Co. has a 12 month low of $12.41 and a 12 month high of $16.29.

Boston Omaha (NYSE:BOC) last released its quarterly earnings results on Friday, March 28th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.19. The firm had revenue of $27.93 million for the quarter, compared to analysts’ expectations of $28.00 million. Boston Omaha had a negative net margin of 9.73% and a negative return on equity of 1.76%.

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.