First Capital, Inc. (NASDAQ:FCAP) Short Interest Update

First Capital, Inc. (NASDAQ:FCAP) saw a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 61,874 shares, a drop of 31.7% from the January 29th total of 90,591 shares. Based on an average daily trading volume, of 8,354 shares, the days-to-cover ratio is presently 7.4 days. Approximately 1.9% of the company’s stock are short sold. Approximately 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 8,354 shares, the days-to-cover ratio is presently 7.4 days.

First Capital Trading Down 4.8%

FCAP traded down $2.57 during midday trading on Friday, hitting $50.80. 6,365 shares of the company were exchanged, compared to its average volume of 6,602. The company’s 50 day simple moving average is $54.26 and its 200 day simple moving average is $48.75. The firm has a market capitalization of $170.18 million, a price-to-earnings ratio of 10.37 and a beta of 0.60. First Capital has a 1-year low of $33.73 and a 1-year high of $71.00.

First Capital (NASDAQ:FCAP) last announced its earnings results on Friday, January 23rd. The savings and loans company reported $1.46 earnings per share for the quarter. First Capital had a return on equity of 12.95% and a net margin of 25.06%.The business had revenue of $13.49 million during the quarter.

First Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, March 13th. First Capital’s dividend payout ratio (DPR) is 25.31%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of First Capital by 109.7% in the second quarter. Geode Capital Management LLC now owns 78,226 shares of the savings and loans company’s stock valued at $3,231,000 after buying an additional 40,918 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in First Capital by 101.3% in the 4th quarter. Farther Finance Advisors LLC now owns 49,180 shares of the savings and loans company’s stock worth $2,911,000 after purchasing an additional 24,750 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of First Capital during the 2nd quarter worth approximately $439,000. State Street Corp increased its holdings in shares of First Capital by 24.9% in the fourth quarter. State Street Corp now owns 45,460 shares of the savings and loans company’s stock valued at $2,691,000 after purchasing an additional 9,071 shares during the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new position in First Capital during the third quarter worth approximately $401,000. Hedge funds and other institutional investors own 11.65% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of First Capital to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Capital in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, First Capital currently has a consensus rating of “Hold”.

First Capital Company Profile

First Capital, Inc is a closed-end, non-diversified management investment company organized as a business development company (BDC) under the Investment Company Act of 1940. Listed on the NASDAQ under the ticker FCAP, the firm specializes in providing debt and equity financing solutions to U.S. middle-market companies. External management is provided by First Capital Asset Management, LLC, leveraging senior credit expertise to structure tailored financing that supports growth initiatives, recapitalizations and acquisitions.

The company’s investment portfolio comprises senior secured loans, second-lien and subordinated debt, as well as equity co-investments.