Old Market Capital (NASDAQ:OMCC) Shares Up 8.4% – What’s Next?

Old Market Capital Corporation (NASDAQ:OMCC) rose 8.4% during trading on Friday . The company traded as high as $4.50 and last traded at $4.50. 2,407 shares traded hands during mid-day 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 firm has a fifty day moving average price of $4.24 and a two-hundred day moving average price of $4.30. The company has a quick ratio of 4.31, a current ratio of 4.55 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $31.09 million, a P/E ratio of -14.52 and a beta of 0.83.

Institutional Trading of Old Market Capital

A number of institutional investors and hedge funds have recently bought and sold shares of OMCC. AssuredPartners Investment Advisors LLC purchased a new stake in shares of Old Market Capital during the second quarter valued at approximately $1,425,000. NewEdge Wealth LLC purchased a new position in Old Market Capital in the 2nd quarter worth approximately $1,683,000. Diversify Advisory Services LLC bought a new position in Old Market Capital in the 2nd quarter valued at approximately $203,000. Meeder Advisory Services Inc. bought a new position in Old Market Capital in the 2nd quarter valued at approximately $478,000. Finally, Pallas Capital Advisors LLC purchased a new stake in Old Market Capital during the 2nd quarter valued at $474,000. 39.87% of the stock is currently owned by 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.