Advisor Group Holdings Inc. increased its position in shares of BOSTON OMAHA Corp (NASDAQ:BOMN) by 479.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,562 shares of the company’s stock after buying an additional 6,257 shares during the period. Advisor Group Holdings Inc.’s holdings in BOSTON OMAHA were worth $122,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in BOMN. ArrowMark Colorado Holdings LLC raised its holdings in shares of BOSTON OMAHA by 6.8% in the 1st quarter. ArrowMark Colorado Holdings LLC now owns 691,547 shares of the company’s stock valued at $12,524,000 after purchasing an additional 44,259 shares in the last quarter. Fenimore Asset Management Inc. grew its stake in BOSTON OMAHA by 17.2% during the 2nd quarter. Fenimore Asset Management Inc. now owns 455,509 shares of the company’s stock worth $7,288,000 after buying an additional 66,710 shares during the last quarter. Ironvine Capital Partners LLC raised its stake in BOSTON OMAHA by 0.4% in the second quarter. Ironvine Capital Partners LLC now owns 335,605 shares of the company’s stock valued at $5,370,000 after buying an additional 1,344 shares during the last quarter. Geode Capital Management LLC grew its position in BOSTON OMAHA by 11.1% during the 1st quarter. Geode Capital Management LLC now owns 154,094 shares of the company’s stock worth $2,790,000 after purchasing an additional 15,403 shares during the last quarter. Finally, Cowen Prime Services LLC raised its holdings in shares of BOSTON OMAHA by 400.8% in the second quarter. Cowen Prime Services LLC now owns 137,444 shares of the company’s stock worth $2,199,000 after buying an additional 110,000 shares during the last quarter. 80.15% of the stock is owned by institutional investors.
NASDAQ BOMN traded up $0.29 on Friday, reaching $17.53. 84,733 shares of the company were exchanged, compared to its average volume of 106,748. The business’s fifty day moving average price is $16.27 and its 200 day moving average price is $16.41. BOSTON OMAHA Corp has a fifty-two week low of $13.04 and a fifty-two week high of $24.72. The company has a current ratio of 8.73, a quick ratio of 8.73 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $468.93 million, a P/E ratio of -25.04 and a beta of 0.03.
BOSTON OMAHA (NASDAQ:BOMN) last released its quarterly earnings data on Friday, August 7th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.21. The company had revenue of $11.49 million for the quarter. BOSTON OMAHA had a negative net margin of 36.91% and a negative return on equity of 4.80%.
Separately, BidaskClub upgraded BOSTON OMAHA from a “sell” rating to a “hold” rating in a research note on Friday, October 2nd.
BOSTON OMAHA 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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