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Tuesday, September 26, 2023

Value Investing Philosophy And Boston Omaha Corporation (NYSE: BOC)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Boston Omaha Corporation (BOC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.11, or -0.62%, to $17.56. The Boston Omaha Corporation has recorded 2,077 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Boston Omaha Corporation Announces Second Quarter 2023 Financial Results.

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Stocks Info

BOC belongs to the Communication Services sector of the NYSE while operating in the Advertising Agencies industry. At the end of the last regular session, the stock closed at $17.67 and fluctuated between $17.84 as its day high and $17.45 as its day low. The current market capitalization of Boston Omaha Corporation is $553.42M. A total of 84405.0 shares were traded on the day, compared to an average of 105.98K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, BOC has seen 4 BUY and 1 SELL insider trades, representing the acquisition of 6,296 and the disposition of 11,600 shares. Over the last 12 months, there were 16 BUYs and 7 SELLs from insiders. Insiders purchased 84,033 shares during that period but sold 184,564.

In the most recent transaction, Rozek Alexander Buffett sold 11,600 shares of BOC for 19.74 per share on Jun 05. After the transaction, the Co-CEO, Co-President now owns 927,653 company shares. In a previous transaction on May 31, Weisenburger Joshua Paul bought 700 shares at 18.99 per share. BOC shares that Chief Financial Officer owns now total 13,768.

Among the insiders who bought shares, Royal Jeffrey C acquired of 10,000 shares on May 16 at a per-share price of $19.23. This resulted in the Director holding 21,176 shares of BOC after the transaction. In another insider transaction, Keating Brendan Joseph bought 2,972 shares at $19.21 per share on May 16. Company shares held by the Co-Managing Part BOA Mgmt, LLC now total 50,372.

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While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for BOC in the last 3 months, the mean price target is $30.00 with high estimates of $35.00 and low estimates of $25.00. In terms of 52-week highs and lows, BOC has a high of $28.98 and a low of $16.12.

As of this writing, BOC has an earnings estimate of -$0.02 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.03. The company reported an EPS of -$0.11 in the last quarter, which was -83.30% lower than expectations of -$0.06.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. BOC’s latest balance sheet shows that the firm has $235.40M in Cash & Short Term Investments as of fiscal 2021. There were $90.61M in debt and $54.03M in liabilities at the time. Its Book Value Per Share was $17.38, while its Total Shareholder’s Equity was $640.60M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BOC is Buy with a score of 5.00.

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