Old Market Capital (NASDAQ:OMCC) Stock Price Up 5.9% – Here’s What Happened

Shares of Old Market Capital Corporation (NASDAQ:OMCC) shot up 5.9% during mid-day trading on Wednesday . The company traded as high as $4.3550 and last traded at $4.3550. 1,098 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 13,522 shares. The stock had previously closed at $4.1110.

Old Market Capital Trading Up 5.9%

The stock has a market capitalization of $29.69 million, a P/E ratio of -13.61 and a beta of 0.85. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.55 and a quick ratio of 4.31. The business’s 50 day simple moving average is $4.30 and its 200-day simple moving average is $4.44.

Hedge Funds Weigh In On Old Market Capital

An institutional investor recently raised its position in Old Market Capital stock. Sandia Investment Management LP raised its holdings in Old Market Capital Corporation (NASDAQ:OMCC) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,491 shares of the company’s stock after acquiring an additional 4,649 shares during the quarter. Sandia Investment Management LP owned about 0.60% of Old Market Capital worth $210,000 as of its most recent SEC filing. 39.87% of the stock is owned by institutional investors.

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.