Old Market Capital (NASDAQ:OMCC) Issues Earnings Results

Old Market Capital (NASDAQ:OMCC) posted its earnings results on Friday. The company reported ($0.11) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $3.16 million for the quarter. Old Market Capital had a negative return on equity of 7.01% and a negative net margin of 21.79%.

Old Market Capital Stock Down 4.9%

Shares of OMCC stock traded down $0.25 on Friday, hitting $4.83. 4,746 shares of the stock were exchanged, compared to its average volume of 4,255. The business has a 50-day moving average of $5.36 and a 200 day moving average of $5.57. Old Market Capital has a fifty-two week low of $4.21 and a fifty-two week high of $7.00. The firm has a market capitalization of $32.62 million, a P/E ratio of -12.38 and a beta of 0.91. The company has a current ratio of 6.35, a quick ratio of 6.09 and a debt-to-equity ratio of 0.03.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Old Market Capital in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Old Market Capital has a consensus rating of “Sell”.

Institutional Trading of Old Market Capital

An institutional investor recently bought a new position in Old Market Capital stock. TCW Group Inc. acquired a new position in Old Market Capital Corporation (NASDAQ:OMCC) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 616,826 shares of the company’s stock, valued at approximately $3,713,000. TCW Group Inc. owned approximately 9.21% of Old Market Capital as of its most recent SEC filing. 39.87% of the stock is currently owned by institutional investors and hedge funds.

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.