OMAHA—Jeffrey C. Royal, Chief Executive Officer of Old Market Capital Corp (NASDAQ:OMCC), has recently increased his stake in the company with a significant purchase of shares. According to a recent SEC filing, Royal acquired 31,500 shares of common stock on December 13, at a price of $6 per share, totaling $189,000. The purchase comes as shares trade at $6.09, giving the micro-cap company a market value of approximately $40 million.
This transaction follows an earlier acquisition in June, where Royal received 3,077 shares as part of his compensation for his role as a director. The shares were issued at no cost. Following these transactions, Royal now holds a total of 99,792 shares in the company. According to InvestingPro data, the company maintains a strong liquidity position with a current ratio of 10.22.
These moves come as Old Market Capital continues to navigate the dynamic landscape of short-term business credit institutions. Investors often closely watch insider transactions like these for potential insights into a company’s future prospects.
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