Old Market Capital (NASDAQ:OMCC) Stock Price Up 8.4% – Should You Buy?

Old Market Capital Corporation (NASDAQ:OMCC)’s share price shot up 8.4% during mid-day trading on Friday . The company traded as high as $4.50 and last traded at $4.50. Approximately 2,407 shares traded hands during trading, a decline of 78% from the average daily volume of 10,865 shares. The stock had previously closed at $4.15.

Old Market Capital Price Performance

The company has a current ratio of 4.55, a quick ratio of 4.31 and a debt-to-equity ratio of 0.06. The firm has a market cap of $31.09 million, a price-to-earnings ratio of -14.52 and a beta of 0.83. The stock has a 50-day moving average of $4.24 and a two-hundred day moving average of $4.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OMCC. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Old Market Capital in the second quarter worth about $201,000. Diversify Advisory Services LLC purchased a new stake in shares of Old Market Capital in the 2nd quarter valued at approximately $203,000. Meiji Yasuda Asset Management Co Ltd. acquired a new position in Old Market Capital in the 2nd quarter worth approximately $210,000. Sandia Investment Management LP grew its position in Old Market Capital by 13.0% during the 4th quarter. Sandia Investment Management LP now owns 40,491 shares of the company’s stock worth $210,000 after purchasing an additional 4,649 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Old Market Capital during the 2nd quarter valued at $263,000. 39.87% of the stock is currently owned by institutional investors and hedge funds.

Old Market Capital Company Profile

Old Market Capital Corporation provides broadband internet, voice over internet protocol, and video services in Northwest and Northcentral Ohio. The company was formerly known as Nicholas Financial, Inc and changed its name to Old Market Capital Corporation in September 2024. Old Market Capital Corporation was founded in 1985 and is headquartered in Clearwater, Florida.