In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), BOSTON OMAHA Corp. (NASDAQ:BOMN) reported that Boulderado Partners, Llc. has picked up 919,184 of common stock as of 2017-06-26.
The acquisition brings the aggregate amount owned by Boulderado Partners, Llc. to a total of 919,184 representing a 7.42% stake in the company.
For those not familiar with the company, Boston Omaha Corporation is engaged in the business of various sectors, including advertising, insurance, and real estate. The Company’s operations include its ownership of multiple billboards in Alabama, Florida, Georgia, and Wisconsin, and equity method investments in several real estate and real estate service companies. The Company’s insurance operations are conducted through its subsidiary, General Indemnity Group, LLC. The Company’s operations include both the billboard advertising business and an insurance business that specializes in surety bonds. The Company’s subsidiaries include Link Media Holdings, LLC and General Indemnity Direct Insurance Services, LLC.
A glance at BOSTON OMAHA Corp. (NASDAQ:BOMN)’s key stats reveals a current market capitalization of $165.90 Million based on $5.84 Million shares outstanding and a price at last close of $13.30 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-06-16, Magnolia picked up 3,461,538 at a purchase price of $13.00. This brings their total holding to 7,935,719 as of the date of the filing.
On the sell side, the most recent transaction saw Schuette unload 1,081 shares at a sale price of $26.25. This brings their total holding to 49,093.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an BOSTON OMAHA Corp. (NASDAQ:BOMN) as things move forward to see if its progress aligns with these transactions.
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