Old Market Capital (NASDAQ:OMCC) Shares Down 1.2% – Should You Sell?

Old Market Capital Corporation (NASDAQ:OMCC) was down 1.2% on Thursday . The stock traded as low as $4.15 and last traded at $4.15. Approximately 2,592 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 11,698 shares. The stock had previously closed at $4.20.

Old Market Capital Stock Down 1.2%

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 stock has a market capitalization of $28.67 million, a PE ratio of -13.39 and a beta of 0.82. The company has a 50 day moving average price of $4.24 and a 200-day moving average price of $4.23.

Institutional Inflows and Outflows

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

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.