BOSTON OMAHA CP’s Quiet Period Will Expire on July 26th (NASDAQ:BOMN)

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.

In other BOSTON OMAHA CP news, Director Brendan Joseph Keating purchased 37,400 shares of the business’s stock in a transaction dated Friday, June 16th. The stock was bought at an average cost of $13.00 per share, for a total transaction of $486,200.00. Following the completion of the acquisition, the director now directly owns 37,400 shares in the company, valued at $486,200. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Magnolia Capital Fund, Lp purchased 3,461,538 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were acquired at an average price of $13.00 per share, with a total value of $44,999,994.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 3,505,038 shares of company stock valued at $45,567,194.

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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