Proficio Capital Partners LLC Makes New Investment in Boston Omaha Co. (NYSE:BOC)

Proficio Capital Partners LLC purchased a new position in shares of Boston Omaha Co. (NYSE:BOC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 56,039 shares of the company’s stock, valued at approximately $795,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BOC. Global Retirement Partners LLC bought a new position in shares of Boston Omaha in the fourth quarter valued at approximately $305,000. Meixler Investment Management Ltd. raised its stake in shares of Boston Omaha by 38.8% in the fourth quarter. Meixler Investment Management Ltd. now owns 101,630 shares of the company’s stock valued at $1,441,000 after acquiring an additional 28,424 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Boston Omaha by 4.4% in the fourth quarter. Rhumbline Advisers now owns 39,528 shares of the company’s stock valued at $560,000 after acquiring an additional 1,666 shares during the last quarter. Flagstone Financial Management raised 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 valued at $204,000 after acquiring an additional 3,760 shares during the last quarter. Finally, Fenimore Asset Management Inc raised its stake in shares of Boston Omaha by 0.3% in the fourth quarter. Fenimore Asset Management Inc now owns 938,162 shares of the company’s stock valued at $13,303,000 after acquiring an additional 2,455 shares during the last quarter. Institutional investors own 60.36% of the company’s stock.

Boston Omaha Stock Performance

NYSE:BOC opened at $13.92 on Friday. Boston Omaha Co. has a 1 year low of $12.41 and a 1 year high of $16.82. The firm has a 50 day moving average of $14.46 and a 200-day moving average of $14.63. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $436.79 million, a P/E ratio of -42.19 and a beta of 0.84.

Insider Buying and Selling

In related news, major shareholder Omaha Corp Boston sold 9,077 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $12.06, for a total value of $109,468.62. Following the completion of the transaction, the insider now owns 10,903,830 shares in the company, valued at $131,500,189.80. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 123,709 shares of company stock worth $1,419,966 in the last quarter. Insiders own 23.33% 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. 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.