Old Market Capital (NASDAQ:OMCC) Trading 15.5% Higher – Here’s Why

Old Market Capital Corporation (NASDAQ:OMCC)’s stock price was up 15.5% during trading on Monday . The stock traded as high as $4.70 and last traded at $4.70. Approximately 372 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 21,986 shares. The stock had previously closed at $4.07.

Old Market Capital Trading Down 4.3%

The business’s 50 day simple moving average is $4.23 and its two-hundred day simple moving average is $4.77. The stock has a market cap of $30.56 million, a P/E ratio of -14.06 and a beta of 0.93. The company has a quick ratio of 4.31, a current ratio of 4.55 and a debt-to-equity ratio of 0.06.

Institutional Investors Weigh In On Old Market Capital

A hedge fund recently raised its stake in Old Market Capital stock. Sandia Investment Management LP raised its position in Old Market Capital Corporation (NASDAQ:OMCC) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,491 shares of the company’s stock after purchasing an additional 4,649 shares during the quarter. Sandia Investment Management LP owned 0.60% of Old Market Capital worth $210,000 as of its most recent SEC filing. 39.87% of the stock is owned by hedge funds and other institutional investors.

About Old Market Capital

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.