Port Capital LLC Purchases Shares of 738,980 Old Market Capital Corporation $OMCC

Port Capital LLC purchased a new position in shares of Old Market Capital Corporation (NASDAQ:OMCC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 738,980 shares of the company’s stock, valued at approximately $30,239,000. Port Capital LLC owned approximately 10.70% of Old Market Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in OMCC. BlackRock Inc. bought a new stake in Old Market Capital in the second quarter worth $1,076,514,000. GQG Partners LLC bought a new position in shares of Old Market Capital during the second quarter valued at about $72,050,000. Legal & General Group Plc purchased a new position in shares of Old Market Capital in the second quarter worth about $14,086,000. Man Group plc purchased a new position in shares of Old Market Capital in the second quarter worth about $13,984,000. Finally, Heartland Advisors Inc. bought a new stake in shares of Old Market Capital in the 2nd quarter valued at about $7,026,000. 39.87% of the stock is currently owned by institutional investors.

Old Market Capital Price Performance

OMCC opened at $4.50 on Thursday. 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’s 50 day simple moving average is $4.27 and its 200 day simple moving average is $4.35. The firm has a market cap of $31.09 million, a price-to-earnings ratio of -14.52 and a beta of 0.83. Old Market Capital Corporation has a 1 year low of $2.72 and a 1 year high of $5.99.

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.