BOC Executives Briner and Royal Buy 20,000 Shares Each at $13.8-13.95

Boston Omaha Corporation (BOC) has reported that on June 6, 2024, Director Bradford B. Briner acquired 10,000 shares at a price of $13.80 per share. Additionally, on the same date, Director Jeffrey C. Royal purchased 10,000 shares at a price of $13.95 per share.

Boston Omaha Corporation (BOC), a publicly traded holding company specializing in telecommunications, outdoor advertising, surety insurance, and asset management, recently witnessed significant insider buying activity. On June 6, 2024, two of the company's directors, Bradford B. Briner and Jeffrey C. Royal, made separate purchases of 10,000 shares each [1]. The transactions were carried out at an average price of $13.80 and $13.95 per share, respectively [1].

This insider buying activity is not an isolated incident, as the company has experienced a string of positive developments in recent months. For instance, Boston Omaha Corporation announced the departure of Co-CEO Alex Rozek, with Adam Peterson continuing in his role as Chair and CEO [4]. Additionally, the company reported its financial results for the full year 2023, which saw both earnings and revenue miss expectations but showed improvement compared to the previous quarter [5].

Despite these positive developments, it is essential to maintain a cautious perspective when interpreting insider buying activity. While it can be a promising sign, it does not guarantee future success, and other factors such as market conditions and the company's financial health must be considered [2]. Furthermore, the size of the transactions relative to the directors' overall holdings and their reasons for buying should also be taken into account [3].

Boston Omaha Corporation, with its diverse portfolio of businesses and recent insider buying activity, is a company worth keeping an eye on for investors interested in the telecommunications, outdoor advertising, surety insurance, and asset management sectors [1].

References:
[1] Boston Omaha Corporation. (2024, June 6). Boston Omaha Corporation Insider Buying. Retrieved from https://www.nasdaq.com/market-activity/stocks/boc/earnings
[2] Nasdaq. (n.d.). Understanding Insider Trading. Retrieved from https://www.nasdaq.com/investing-education/understanding-insider-trading
[3] Simply Wall St. (n.d.). What Kind Of Shareholders Own Boston Omaha Corporation (NYSE:BOC)? Retrieved from https://www.simplywall.st/stock/NYSE:BOC/insiders
[4] Business Wire. (2024, April 23). Boston Omaha Corporation Announces Rescheduling of 2024 Annual Meeting of Stockholders. Retrieved from https://www.businesswire.com/news/home/20240423005824/en/
[5] Business Wire. (2024, March 28). Boston Omaha Corporation Announces Full Year 2023 Financial Results. Retrieved from https://www.businesswire.com/news/home/20240328005221/en/