First Capital (NASDAQ:FCAP) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of First Capital (NASDAQ:FCAP) to a hold rating in a report released on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of First Capital in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

First Capital Price Performance

NASDAQ FCAP opened at $51.51 on Friday. The business has a 50 day simple moving average of $53.40 and a 200 day simple moving average of $45.54. First Capital has a one year low of $30.49 and a one year high of $71.00. The stock has a market capitalization of $172.46 million, a P/E ratio of 11.68 and a beta of 0.64.

First Capital (NASDAQ:FCAP) last issued its quarterly earnings results on Friday, October 24th. The savings and loans company reported $1.34 earnings per share (EPS) for the quarter. The firm had revenue of $13.26 million for the quarter. First Capital had a return on equity of 12.04% and a net margin of 23.29%.

First Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, December 12th. First Capital’s dividend payout ratio (DPR) is currently 28.12%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of First Capital during the second quarter valued at about $28,000. CWM LLC acquired a new position in First Capital during the 2nd quarter valued at about $31,000. Farther Finance Advisors LLC bought a new stake in First Capital during the 2nd quarter worth approximately $44,000. JPMorgan Chase & Co. increased its holdings 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 worth $64,000 after purchasing an additional 1,547 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of First Capital in the second quarter worth approximately $74,000. 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.