First Capital (NASDAQ:FCAP) Stock Crosses Above 200-Day Moving Average – What’s Next?

First Capital, Inc. (NASDAQ:FCAP) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $57.16 and traded as high as $64.69. First Capital shares last traded at $63.91, with a volume of 16,491 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of First Capital in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

First Capital Trading Down 0.6%

The firm has a market capitalization of $207.95 million, a PE ratio of 11.26 and a beta of 0.71. The firm has a 50-day moving average of $63.39 and a two-hundred day moving average of $57.22.

First Capital (NASDAQ:FCAP) last posted its quarterly earnings results on Friday, July 24th. The savings and loans company reported $1.43 earnings per share (EPS) for the quarter. The firm had revenue of $14.29 million during the quarter. First Capital had a return on equity of 13.39% and a net margin of 26.79%.

First Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.28 annualized dividend and a dividend yield of 2.1%. This is an increase from First Capital’s previous quarterly dividend of $0.31. First Capital’s dividend payout ratio is presently 22.42%.

Institutional Trading of First Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP acquired a new position in First Capital during the second quarter valued at approximately $45,201,000. William Blair Investment Management LLC acquired a new stake in shares of First Capital in the second quarter worth $35,176,000. BlackRock Inc. acquired a new stake in shares of First Capital in the second quarter worth $33,057,000. Punch & Associates Investment Management Inc. acquired a new stake in shares of First Capital in the second quarter worth $28,170,000. Finally, Nantahala Capital Management LLC purchased a new position in shares of First Capital in the 2nd quarter valued at $14,602,500,000. Institutional investors and hedge funds 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.