Director Continues Buying Old Market Capital Shares Amid 38% Drop – A Confidence Signal or Risky Bet?

Insider Buying Continues Amidst a Declining Stock – What It Means for Old Market Capital

On January 9, 2026, director and 10 % owner Peterson Adam K acquired 2,149 shares of Old Market Capital Corp. (OMCC) through a direct award that vested immediately at a price of $3.55 per share. The transaction added to a pattern of sizable purchases by Peterson over the past year, most recently buying 6,136 shares on July 3, 2025 and 5,493 shares on October 6, 2025. These buy‑side moves have kept his stake hovering around 2.54 million shares, roughly 10 % of the outstanding shares.

The timing is notable. OMCC’s share price has been sliding hard—down 38 % in the last month and 50 % year‑to‑date—yet Peterson continues to build. The absence of a price premium and the fact that the shares were awarded as part of a vesting schedule rather than a market purchase suggest that the transaction was not driven by short‑term speculation. Instead, it appears to be a confidence signal: the company’s long‑term strategy and cash‑flow prospects must be sufficiently solid to justify a director’s incremental investment in a stock that has lost more than half its value over a year.

Implications for Investors

For shareholders, Peterson’s buying activity offers a mixed bag of signals. On one hand, insider buying can be a proxy for management’s belief that the stock is undervalued, especially when it occurs during a period of persistent downside. On the other hand, OMCC’s fundamentals remain shaky—its P/E is negative, and its earnings volatility is high. The company’s business model of acquiring and servicing installment sales contracts is highly sensitive to interest‑rate cycles and consumer credit conditions; a downturn could erode margins further. Thus, while insider buying may provide a small morale boost, it does not guarantee a rebound unless the firm can translate its asset‑heavy portfolio into sustainable cash flows.

Peterson Adam K: A Profile of a Patient Investor

Peterson’s transaction history reveals a disciplined, long‑term approach. Since mid‑2025, he has made four major purchases totaling nearly 20,000 shares, with no significant sell‑side activity recorded. His holdings have grown steadily from 2.53 million on October 6, 2025 to 2.55 million after the January 9 award, indicating a willingness to add to his position even when the market is weak. Unlike other insiders—who have mixed buy and sell activity—Peterson has not engaged in any divestments, suggesting he is not looking to monetize in the near term. This pattern aligns with the role of a director who sees strategic value in the company’s long‑term growth prospects and is comfortable riding out volatility.

Broader Insider Activity Context

The company‑wide insider trading snapshot on the same day shows several other executives buying 2,626 shares each—Mark R. Hutchins, Jeremy Qinli, Brendan J. Keating, and CEO Jeffrey C. Royal. The concentration of purchases among key leadership further underscores a collective belief in OMCC’s future. However, the overall volume (≈10,000 shares) is modest relative to the outstanding share count and does not signify a large‑scale confidence rally. Investors should therefore view these transactions as supportive signals rather than definitive bullish catalysts.

Outlook for OMCC

With a market cap of about $25 million and a P/E of –7.7, OMCC is a high‑risk, high‑reward play. The stock’s steep decline has likely priced in expectations of continued earnings volatility. Peterson’s and other insiders’ purchases may help maintain liquidity and confidence, but the company will need tangible operational improvements—such as higher collection rates, lower delinquency, or diversification of its loan portfolio—to reverse the current downward trend. Until those metrics improve, the stock will likely remain a speculative investment for the risk‑tolerant investor.