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

Old Market Capital Corporation (NASDAQ:OMCC)’s share price traded down 1.2% during trading on Thursday . The company traded as low as $4.15 and last traded at $4.15. 2,592 shares changed 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 Performance

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 cap of $28.67 million, a PE ratio of -13.39 and a beta of 0.82. The business has a 50 day moving average price of $4.24 and a two-hundred day moving average price of $4.23.

Hedge Funds Weigh In On Old Market Capital

A hedge fund recently raised its position in Old Market Capital stock. Sandia Investment Management LP lifted its position in shares of Old Market Capital Corporation (NASDAQ:OMCC) by 13.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,491 shares of the company’s stock after purchasing an additional 4,649 shares during the period. 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 currently 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.