Boston Omaha Corp. Class A (BOC)

Several events have impacted Boston Omaha Corp.'s stock price in the past six months. The Q3 2025 earnings report posted a loss per share of -$0.08, missing analysts' expectations. The company's Board of Directors approved a share repurchase program authorizing the repurchase of up to $30 million of its Class A common stock through December 31, 2026. As of February 5, 2026, the closing stock price was $12.51, with an approximate -8.69% return over the past 12 months.

Demand seasonality for Boston Omaha Corp.'s products and services varies across its segments. Outdoor billboard advertising has stable and predictable cash flows with low seasonality. Broadband services are considered a critical utility service with minimal seasonality. The surety insurance business's volume of new premiums might be influenced more by economic activity and construction cycles rather than strict seasonal patterns. The asset management division is being wound down, so demand seasonality for its former services is becoming less relevant.

Boston Omaha Corp. is a diversified holding company with interests in outdoor advertising, broadband services, and surety insurance. The company operates through four segments: outdoor billboard advertising, which leases advertising space on static and digital billboards; broadband services, which provides fiber-to-the-home broadband; surety insurance and brokerage, which offers surety bonds; and asset management, which is currently being wound down.

Boston Omaha Corp. has a geographic presence across the United States. Its billboards are located in numerous states, including Alabama, Arkansas, Florida, Georgia, Illinois, Iowa, Kansas, Missouri, Nebraska, Nevada, Oklahoma, South Dakota, Tennessee, Virginia, West Virginia, and Wisconsin. The company provides high-speed broadband services to customers in Arizona, Florida, Nevada, and Utah. Its surety insurance business issues surety bonds throughout the United States.

Boston Omaha Corp. has generally maintained a stable reputation in the past year. The company is considered stable and well-managed under CEO Adam Peterson. The departure of one of its co-CEOs and the abandonment of some growth plans contributed to the stock being a "worst performer" for some investors, but these events were not explicitly framed as damaging to the company's overall brand reputation.

Boston Omaha Corp. has 264 institutional owners and shareholders holding a total of 23,044,679 shares. Major institutional owners include Magnolia Group, LLC, Massachusetts Institute of Technology, BlackRock, Inc., Dimensional Fund Advisors LP, and Vanguard Group Inc. Significant individual and insider owners include Adam K. Peterson, who holds 42.76% of the company's shares, and Magnolia Capital Fund LP.