First Capital, Inc. (NASDAQ:FCAP) Short Interest Up 29.9% in March

First Capital, Inc. (NASDAQ:FCAP) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 80,085 shares, a growth of 29.9% from the February 26th total of 61,675 shares. Based on an average daily trading volume, of 4,929 shares, the short-interest ratio is currently 16.2 days. Currently, 2.5% of the shares of the company are sold short.

First Capital Stock Down 3.5%

NASDAQ FCAP traded down $1.82 during trading hours on Tuesday, hitting $49.63. The company had a trading volume of 5,078 shares, compared to its average volume of 6,587. First Capital has a fifty-two week low of $33.73 and a fifty-two week high of $71.00. The business has a fifty day simple moving average of $51.62 and a 200-day simple moving average of $50.15. The firm has a market cap of $166.26 million, a P/E ratio of 10.13 and a beta of 0.63.

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

First Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, March 13th. First Capital’s payout ratio is presently 25.31%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of First Capital from a “hold (c)” rating to a “buy (b)” rating in a research note on Friday, March 20th. Wall Street Zen upgraded First Capital to a “hold” rating in a research note on Saturday, January 10th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, First Capital currently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of First Capital during the second quarter valued at approximately $28,000. Russell Investments Group Ltd. grew its holdings in First Capital by 105.2% in the 4th quarter. Russell Investments Group Ltd. now owns 554 shares of the savings and loans company’s stock worth $33,000 after buying an additional 284 shares in the last quarter. CWM LLC increased its position in First Capital by 34.4% in the 3rd quarter. CWM LLC now owns 997 shares of the savings and loans company’s stock valued at $46,000 after acquiring an additional 255 shares during the period. JPMorgan Chase & Co. raised its stake in First Capital by 30,940.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,552 shares of the savings and loans company’s stock valued at $64,000 after acquiring an additional 1,547 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in First Capital during the 2nd quarter valued at $74,000. Institutional investors own 11.65% of the company’s stock.

About First Capital

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.