Boston Omaha Corp. Class A (BOC)

In the past six months, Boston Omaha Corp.'s stock price has been impacted by the announcement of financial results, an analyst reducing the price target, the departure of a co-CEO, and the decision to wind down Boston Omaha Asset Management. These events contributed to a turbulent period for the stock, which had fallen 44% in two years by August 2025. To restore investor confidence, Boston Omaha announced a $20 million stock buyback authorization and the sole CEO accepted a reduced salary. As of October 27, 2025, the stock price was $13.37, representing a 13.63% decrease over the past six months.

Demand for broadband services is likely to be relatively stable and less subject to significant seasonal fluctuations. The company's focus on acquiring land for billboards and its resilience during economic uncertainty do not strongly indicate pronounced seasonality in demand for advertising space. There is no explicit information found regarding significant demand seasonality for its surety insurance products.

Boston Omaha Corp. is a diversified public holding company founded in 2017, with interests in outdoor advertising, broadband services, surety insurance, and asset management. The company operates in the Finance, Real Estate, Industrials, and Conglomerates sectors. Its business is structured around four main segments: Link Media Holdings (outdoor billboard advertising), Boston Omaha Broadband (high-speed broadband telecommunications services), General Indemnity Group (surety insurance), and Boston Omaha Asset Management (asset management operations and minority investments). The majority of the company's revenue is generated from billboard rentals.

Boston Omaha Corp.'s operations are primarily concentrated within the United States. Link Media Outdoor has a presence in 12 states across the U.S. Boston Omaha Broadband provides services to customers in Arizona, Florida, Nevada, and Utah.

In the past year, Boston Omaha Corp.'s reputation has been affected by the departure of a co-CEO, the decision to discontinue the Boston Omaha Asset Management segment, and concerns about past executive compensation. The current sole CEO, Adam Peterson, has acknowledged these concerns by freezing his salary for 2024 and taking a portion in restricted stock, along with implementing personnel reductions, in an effort to restore confidence.

Boston Omaha Corp. has a diverse ownership structure, with institutional investors holding a significant portion of the company's stock. Approximately 66.18% of Boston Omaha is owned by institutional shareholders, while insiders own 76.18% and retail investors own 0.00%. Major institutional owners include Magnolia Group, Llc, Massachusetts Institute of Technology, BlackRock, Inc., Dimensional Fund Advisors Lp, Vanguard Group Inc, Elgethun Capital Management, Fenimore Asset Management Inc, and Private Management Group Inc. The largest individual shareholder is Adam K. Peterson, who owns 13.45 million shares, representing 42.76% of the company.