Philadelphia Financial Management of San Francisco LLC Buys New Position in First Capital, Inc. $FCAP

Philadelphia Financial Management of San Francisco LLC acquired a new stake in First Capital, Inc. (NASDAQ:FCAP) during the second quarter, Holdings Channel.com reports. The firm acquired 316,853 shares of the savings and loans company’s stock, valued at approximately $6,169,128,000. Philadelphia Financial Management of San Francisco LLC owned 0.09% of First Capital at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. William Blair Investment Management LLC purchased a new stake in First Capital in the second quarter valued at approximately $35,176,000. BlackRock Inc. acquired a new stake in shares of First Capital in the 2nd quarter worth $33,057,000. Bank of America Corp DE acquired a new stake in shares of First Capital in the 2nd quarter valued at approximately $1,831,000. Geode Capital Management LLC increased its holdings in shares of First Capital by 109.7% in the 2nd quarter. Geode Capital Management LLC now owns 78,226 shares of the savings and loans company’s stock valued at $3,231,000 after purchasing an additional 40,918 shares in the last quarter. Finally, Man Group plc acquired a new position in First Capital during the second quarter worth $1,420,000. 11.65% of the stock is owned by institutional investors and hedge funds.

First Capital Price Performance

NASDAQ FCAP opened at $61.34 on Thursday. The company has a market capitalization of $204.88 million, a price-to-earnings ratio of 11.09 and a beta of 0.71. First Capital, Inc. has a 12 month low of $37.64 and a 12 month high of $71.00. The company’s fifty day moving average price is $63.22 and its two-hundred day moving average price is $57.30.

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

First Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $0.32 dividend. The ex-dividend date is Friday, September 11th. This is a positive change from First Capital’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 2.1%. First Capital’s dividend payout ratio (DPR) is 22.42%.

Wall Street Analysts Forecast Growth

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

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.