Boston Omaha Finalizes Ownership of 24th Street Asset Management
May 2, 2023
Trending News ☀️
Boston Omaha ($NYSE:BOC) Corporation has recently finalized its acquisition of the remaining stake of 24th Street Asset Management. This move reinforces the company’s commitment to increasing its presence in the financial services industry. The remaining stake of 24th Street Asset Management includes a variety of investments, including private equity and venture capital funds, mutual funds and hedge funds. This acquisition enables Boston Omaha to further expand its reach into the financial services sector and increase its holdings in alternative asset management. This move comes at an opportune time for Boston Omaha as the company is now well-positioned to capitalize on the increasing demand for alternative asset management products and services.
With this acquisition, Boston Omaha can now provide its clients with a comprehensive range of financial services, ranging from asset management to securities brokerage. Boston Omaha’s purchase of 24th Street Asset Management further strengthens its position as a leader in the financial services industry. By expanding its holdings in alternative asset management, the company is well positioned to benefit from the increasing demand for these products and services. As more investors seek to diversify their portfolios with alternative investments, Boston Omaha stands to benefit from this trend.
Stock Price
On Monday, Boston Omaha Corporation, a publicly traded holding company, announced that it had finalized the acquisition of 24th Street Asset Management. This move further solidifies the company’s presence in the asset management industry. In celebration of the news, BOSTON OMAHA stock opened the day at $20.5 and closed at $21.0, up by 2.4% from prior closing price. This positive news was received favorably by analysts and investors, who are confident in the company’s future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Boston Omaha. More…
| Total Revenues | Net Income | Net Margin |
| 81.23 | 7.14 | 0.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Boston Omaha. More…
| Operations | Investing | Financing |
| -5.17 | 87.86 | -109.73 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Boston Omaha. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 683.72 | 157.07 | 16.95 |
Key Ratios Snapshot
Some of the financial key ratios for Boston Omaha are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.2% | – | 6.2% |
| FCF Margin | ROE | ROA |
| -55.7% | 0.6% | 0.5% |
Analysis
GoodWhale recently conducted a comprehensive analysis of BOSTON OMAHA’s financial and business fundamentals. Our Risk Rating results indicate that investing in BOSTON OMAHA may be a high-risk venture and should be approached with caution. Our analysis uncovered three risk warnings in their income sheet, balance sheet and cashflow statement, indicating potential areas of risk that investors should consider before investing. To provide more insight into these areas of risk, we invite you to register with us and explore our findings in more detail. More…
Peers
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Summary
Boston Omaha‘s acquisition of the company provides investors access to more traditional asset management services and expands their presence in the asset management sector. With 24th Street’s expertise, Boston Omaha’s offerings will now include a full suite of investment solutions, such as securities selection, portfolio construction and risk management. As part of the acquisition, 24th Street’s management team will remain in place, providing continuity to its clients. The move further strengthens Boston Omaha’s position as a diversified investment firm, allowing it to better serve the needs of its clients and to expand its market presence.
