Fenimore Asset Management Inc. Increases Stock Position in BOSTON OMAHA Corp (NASDAQ:BOMN)

Fenimore Asset Management Inc. lifted its holdings in shares of BOSTON OMAHA Corp (NASDAQ:BOMN) by 57.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 310,322 shares of the company’s stock after buying an additional 112,713 shares during the quarter. Fenimore Asset Management Inc. owned about 1.35% of BOSTON OMAHA worth $6,154,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Biondo Investment Advisors LLC lifted its stake in shares of BOSTON OMAHA by 2.1% during the 2nd quarter. Biondo Investment Advisors LLC now owns 49,775 shares of the company’s stock valued at $1,152,000 after buying an additional 1,000 shares in the last quarter. Greenwood Gearhart Inc. lifted its stake in shares of BOSTON OMAHA by 3.3% during the 2nd 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 in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of BOSTON OMAHA by 458.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,881 shares of the company’s stock valued at $155,000 after buying an additional 5,649 shares in the last quarter. Northern Trust Corp lifted its stake in shares of BOSTON OMAHA by 12.2% during the 2nd quarter. Northern Trust Corp now owns 68,534 shares of the company’s stock valued at $1,587,000 after buying an additional 7,428 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of BOSTON OMAHA by 95.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 23,452 shares of the company’s stock valued at $543,000 after buying an additional 11,452 shares in the last quarter. Institutional investors own 72.96% of the company’s stock.

In other news, Director Brendan Joseph Keating bought 5,650 shares of the stock in a transaction on Friday, August 23rd. The shares were acquired at an average cost of $20.00 per share, for a total transaction of $113,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 56.11% of the company’s stock.

NASDAQ BOMN traded up $0.05 on Tuesday, hitting $19.96. The stock had a trading volume of 1,163 shares, compared to its average volume of 45,626. BOSTON OMAHA Corp has a 52-week low of $18.44 and a 52-week high of $29.60. 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 moving average of $20.09 and a 200-day moving average of $22.62.

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

BOMN has been the topic of a number of recent research reports. BidaskClub cut shares of BOSTON OMAHA from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 10th. ValuEngine upgraded shares of BOSTON OMAHA from a “hold” rating to a “buy” rating in a research note on Wednesday, 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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Institutional Ownership by Quarter for BOSTON OMAHA (NASDAQ:BOMN)

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