This acquisition reflects Peterson's ongoing commitment to the company, where he also serves as a director. The transaction was executed in multiple trades, with the price consistently at $6.00 per share. InvestingPro analysis reveals management has been aggressively buying back shares, with the company maintaining strong liquidity as evidenced by a current ratio of 10.22. Discover more insights and 3 additional ProTips with an InvestingPro subscription. InvestingPro analysis reveals management has been aggressively buying back shares, with the company maintaining strong liquidity as evidenced by a current ratio of 10.22. Discover more insights and 3 additional ProTips with an InvestingPro subscription.
The shares are directly owned by Peterson and the Magnolia Capital Fund, LP, where Peterson is a managing member of the general partner, The Magnolia Group, LLC. After this transaction, Peterson and the associated entities hold a total of 2,515,471 shares in Old Market Capital, representing a significant portion of the company's $40.26 million market capitalization.
This acquisition reflects Peterson's ongoing commitment to the company, where he also serves as a director. The transaction was executed in multiple trades, with the price consistently at $6.00 per share.
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