Boston Omaha (NYSE:BOC) Shares Gap Down to $16.47

Boston Omaha Co. (NYSE:BOC)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $16.47, but opened at $15.78. Boston Omaha shares last traded at $15.20, with a volume of 244,666 shares trading hands.

Boston Omaha Stock Performance

The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.04. The company has a market cap of $484.29 million, a P/E ratio of 760.00 and a beta of 0.78. The business has a fifty day moving average of $15.79 and a 200 day moving average of $15.59.

Institutional Investors Weigh In On Boston Omaha

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Boston Omaha by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 1,233,840 shares of the company’s stock worth $19,408,000 after acquiring an additional 25,674 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Boston Omaha during the fourth quarter valued at $573,000. Barclays PLC bought a new position in shares of Boston Omaha during the fourth quarter valued at $673,000. Occudo Quantitative Strategies LP lifted its holdings in shares of Boston Omaha by 28.8% during the fourth quarter. Occudo Quantitative Strategies LP now owns 18,693 shares of the company’s stock valued at $294,000 after purchasing an additional 4,178 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Boston Omaha by 79.0% during the fourth quarter. Royal Bank of Canada now owns 8,425 shares of the company’s stock valued at $132,000 after purchasing an additional 3,719 shares in the last quarter. 60.36% of the stock is owned by hedge funds and other 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. It is also involved in the surety insurance and related brokerage, broadband, and investment businesses. The company was formerly known as REO Plus, Inc and changed its name to Boston Omaha Corporation in March 2015.