Adam K. Peterson, a director and significant shareholder of Old Market Capital Corp (OTC:OMCC), recently acquired additional shares of the company. According to a recent SEC filing, Peterson purchased a total of 16,835 shares over two days, with transactions executed at prices ranging from $5.95 to $6.02 per share, near the current trading price of $6.01. The total value of these transactions amounted to approximately $100,506. InvestingPro analysis shows strong management alignment, with aggressive share buybacks and high shareholder yield.
Peterson, who also serves as the managing member of The Magnolia Group, LLC, and holds a significant stake in the Magnolia Capital Fund, now directly owns 2,532,306 shares of Old Market Capital following these acquisitions. The transactions underscore Peterson's continued interest in the $40 million market cap company, which maintains a strong financial position with a current ratio of 10.22 and trades below book value at 0.76x. InvestingPro subscribers can access additional insights on insider transactions and company valuations.
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