BidaskClub cut shares of BOSTON OMAHA (NASDAQ:BOMN) from a sell rating to a strong sell rating in a report issued on Tuesday, BidAskClub reports.

Shares of BOSTON OMAHA stock traded up $0.04 during trading on Tuesday, hitting $20.87. The stock had a trading volume of 14,946 shares, compared to its average volume of 50,962. The company has a current ratio of 6.65, a quick ratio of 6.65 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average of $20.68 and a two-hundred day moving average of $23.68. BOSTON OMAHA has a fifty-two week low of $19.54 and a fifty-two week high of $31.67.

BOSTON OMAHA (NASDAQ:BOMN) last announced its quarterly earnings data on Friday, August 9th. The company reported ($0.09) earnings per share for the quarter. The firm had revenue of $10.14 million during the quarter. BOSTON OMAHA had a negative net margin of 34.78% and a negative return on equity of 3.66%.

In other news, Director Brendan Joseph Keating acquired 5,650 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was acquired at an average price of $20.00 per share, for a total transaction of $113,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 56.11% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Magnolia Group LLC lifted its holdings in shares of BOSTON OMAHA by 45.7% during the first quarter. Magnolia Group LLC now owns 10,123,599 shares of the company’s stock valued at $252,483,000 after purchasing an additional 3,177,563 shares during the last quarter. Sargent Investment Group LLC lifted its holdings in shares of BOSTON OMAHA by 40.2% during the second quarter. Sargent Investment Group LLC now owns 89,075 shares of the company’s stock valued at $2,062,000 after purchasing an additional 25,537 shares during the last quarter. Greenwood Gearhart Inc. raised its position in BOSTON OMAHA by 3.3% during the second quarter. Greenwood Gearhart Inc. now owns 103,278 shares of the company’s stock valued at $2,391,000 after buying an additional 3,270 shares during the period. Athena Capital Advisors LLC acquired a new position in BOSTON OMAHA during the second quarter valued at $477,000. Finally, Fenimore Asset Management Inc. raised its position in BOSTON OMAHA by 2.2% during the second quarter. Fenimore Asset Management Inc. now owns 197,609 shares of the company’s stock valued at $4,575,000 after buying an additional 4,310 shares during the period. Institutional investors and hedge funds own 72.96% of the company’s stock.

About BOSTON OMAHA

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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