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Tue. Jun 25th, 2024

Adam Peterson bought 8.2% more shares in Boston Omaha

By meerna Jun11,2024

Boston Omaha Company (NYSE:BOC) shareholders (or potential shareholders) will be happy to see that CEO Adam Peterson recently purchased 608k worth of stock. dollars at a price of $14.17. While this only increased the size of their holding by 8.2%, this is still a big change by our standards.

Check out our latest analysis for Boston Omaha

Insider trades in Boston Omaha over the past year

Our records show that Adam Peterson’s recent purchase was the largest purchase of Boston Omaha shares by an insider in the last twelve months. This means that an insider was willing to buy shares at a price higher than the current price of US$14.12. Their view may have changed since then, but at least it shows that they were optimistic at the time. For us, it is very important to take into account the price that insiders pay for the shares. We tend to be more positive about a stock if insiders bought the stock at above current prices, because this suggests they viewed it as a good value, even at the higher price.

Boston Omaha insiders may have bought shares last year, but they didn’t sell them. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart you will see all the individual trades, including the share price, unit and date!

NYSE:BOC Insider Trading Value, June 11, 2024

There are always plenty of shares that insiders are buying. If investing in lesser-known companies is your style, you might want to take a look at this one free list of companies. (Hint: insiders bought them).

Confidential property

Analyzing the total insider ownership of a company can help provide insight into whether they are well-aligned with common shareholders. A large number of insiders often make a company’s management more aware of shareholder interests. It appears that Boston Omaha insiders own 3.9% of the company, worth about $17 million. While this is a high but not too high level of insider ownership, it is enough to indicate some alignment between management and smaller shareholders.

What can insider trading in Boston Omaha tell us?

Recent insider purchases are encouraging. We also rely on a long-term view of insider transactions. But on the other hand, the company suffered a loss last year, which makes us cautious. Insiders likely see value in Boston Omaha stock given these transactions (along with significant insider ownership of the company). In addition to knowledge about ongoing confidential transactions, it is worth identifying the risks to which the Boston Omaha game is exposed. You’d like to know that we found it 1 warning sign for Boston Omaha and we suggest you take a look.

If you’d rather check out another company – one with potentially better financials – don’t miss out free a list of interesting companies that have a HIGH return on equity and low debt.

For the purposes of this article, insiders are individuals who report their transactions to the appropriate regulatory authority. We currently only include open market transactions and private dispositions of direct interests, but not derivative transactions or indirect interests.

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Find out whether Boston Omaha is potentially overvalued or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial condition.

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This article by Simply Wall St is of a general nature. We comment based on historical data and analyst forecasts, using only an unbiased methodology, and our articles are not intended to provide financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide long-term, focused analysis based on fundamental data. Please note that our analysis may not reflect the latest price-sensitive company announcements or qualitative content. Simply Wall St has no position in any of the stocks mentioned.

By meerna

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