BOSTON OMAHA CP’s (NASDAQ:BOMN) quiet period will expire on Wednesday, July 26th. BOSTON OMAHA CP had issued 6,538,462 shares in its public offering on June 16th. The total size of the offering was $85,000,006 based on an initial share price of $13.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
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BOSTON OMAHA CP (NASDAQ:BOMN) traded down 3.92% during mid-day trading on Friday, reaching $13.74. 61,420 shares of the company traded hands. The stock’s 50 day moving average price is $13.18 and its 200 day moving average price is $13.19. BOSTON OMAHA CP has a 52 week low of $10.12 and a 52 week high of $15.00. The firm’s market capitalization is $197.33 million.
Hedge funds and other institutional investors have recently modified their holdings of the company. Magnolia Group LLC acquired a new position in shares of BOSTON OMAHA CP during the second quarter worth approximately $96,978,000. Cowen Inc. acquired a new position in shares of BOSTON OMAHA CP during the second quarter worth approximately $1,461,000. Finally, Cowen Prime Services LLC purchased a new position in shares of BOSTON OMAHA CP during the second quarter worth approximately $3,145,000. Institutional investors own 1.76% of the company’s stock.
BOSTON OMAHA CP Company Profile
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.
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