Separately, ValuEngine raised shares of BOSTON OMAHA from a hold rating to a buy rating in a report on Wednesday, October 2nd.
Shares of BOMN traded up $0.28 during trading hours on Friday, hitting $23.26. The stock had a trading volume of 43,600 shares, compared to its average volume of 45,529. The company has a debt-to-equity ratio of 0.14, a quick ratio of 6.65 and a current ratio of 6.65. The firm has a 50 day simple moving average of $20.33 and a 200-day simple moving average of $22.31. BOSTON OMAHA has a 1-year low of $18.44 and a 1-year high of $28.56.
BOSTON OMAHA (NASDAQ:BOMN) last posted its quarterly earnings results on Friday, August 9th. The company reported ($0.09) EPS for the quarter. The company had revenue of $10.14 million during the quarter. BOSTON OMAHA had a negative return on equity of 3.66% and a negative net margin of 34.78%.
In related news, Director Brendan Joseph Keating purchased 5,650 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were bought at an average price of $20.00 per share, with a total value of $113,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 56.11% of the company’s stock.
Several large investors have recently bought and sold shares of BOMN. Fenimore Asset Management Inc. raised its holdings in shares of BOSTON OMAHA by 2.2% in the 2nd quarter. Fenimore Asset Management Inc. now owns 197,609 shares of the company’s stock worth $4,575,000 after purchasing an additional 4,310 shares during the period. Ironvine Capital Partners LLC raised its holdings in shares of BOSTON OMAHA by 9.1% in the 2nd quarter. Ironvine Capital Partners LLC now owns 170,291 shares of the company’s stock worth $3,847,000 after purchasing an additional 14,227 shares during the period. Swiss National Bank bought a new stake in shares of BOSTON OMAHA in the 2nd quarter worth approximately $363,000. Biondo Investment Advisors LLC raised its holdings in shares of BOSTON OMAHA by 2.1% in the 2nd quarter. Biondo Investment Advisors LLC now owns 49,775 shares of the company’s stock worth $1,152,000 after purchasing an additional 1,000 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings 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 worth $155,000 after purchasing an additional 5,649 shares during the period. 74.10% of the stock is currently owned by institutional investors.
BOSTON OMAHA Company Profile
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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