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 BOSTON OMAHA CP’s quiet period, insiders and any underwriters 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, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
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Shares of BOSTON OMAHA CP (NASDAQ:BOMN) traded up 3.92% during midday trading on Thursday, reaching $14.30. 39,420 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $13.13 and a 200-day moving average of $13.14. BOSTON OMAHA CP has a 1-year low of $12.15 and a 1-year high of $15.00. The company’s market capitalization is $205.38 million.
In other news, major shareholder Magnolia Capital Fund, Lp purchased 3,461,538 shares of the business’s stock in a transaction on Friday, June 16th. The shares were acquired at an average price of $13.00 per share, for a total transaction of $44,999,994.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brendan Joseph Keating bought 37,400 shares of the company’s stock in a transaction dated Friday, June 16th. The stock was bought at an average price of $13.00 per share, for a total transaction of $486,200.00. Following the acquisition, the director now directly owns 37,400 shares of the company’s stock, valued at $486,200. The disclosure for this purchase can be found here. In the last three months, insiders bought 3,501,638 shares of company stock valued at $45,521,294.
Several hedge funds and other institutional investors have recently bought and sold shares of BOMN. Magnolia Group LLC bought a new position in BOSTON OMAHA CP during the second quarter worth $96,978,000. Cowen Inc. acquired a new stake in shares of BOSTON OMAHA CP during the second quarter worth approximately $1,461,000. Finally, Cowen Prime Services LLC acquired a new stake 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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