First Capital (NASDAQ:FCAP) Share Price Passes Below 200-Day Moving Average – Here’s Why

First Capital, Inc. (NASDAQ:FCAP) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $49.96 and traded as low as $47.99. First Capital shares last traded at $47.99, with a volume of 4,643 shares changing hands.

Wall Street Analysts Forecast Growth

FCAP has been the topic of a number of recent analyst reports. Wall Street Zen upgraded First Capital to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings raised First Capital from a “hold (c)” rating to a “buy (b)” rating in a research note on Friday, March 20th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

First Capital Price Performance

The company has a market capitalization of $165.39 million, a P/E ratio of 10.08 and a beta of 0.63. The business’s 50-day moving average price is $51.59 and its two-hundred day moving average price is $50.00.

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

First Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.5%. First Capital’s dividend payout ratio (DPR) is currently 25.31%.

Hedge Funds Weigh In On First Capital

Several institutional investors and hedge funds have recently modified their holdings of FCAP. Police & Firemen s Retirement System of New Jersey acquired a new stake in First Capital during the 2nd quarter worth approximately $28,000. Russell Investments Group Ltd. lifted its stake in First Capital by 105.2% in the fourth quarter. Russell Investments Group Ltd. now owns 554 shares of the savings and loans company’s stock valued at $33,000 after buying an additional 284 shares in the last quarter. CWM LLC boosted its holdings in shares of First Capital by 34.4% in the third quarter. CWM LLC now owns 997 shares of the savings and loans company’s stock valued at $46,000 after buying an additional 255 shares during the period. JPMorgan Chase & Co. increased its position in shares of First Capital by 30,940.0% during the second quarter. JPMorgan Chase & Co. now owns 1,552 shares of the savings and loans company’s stock worth $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 shares of First Capital during the second quarter worth $74,000. 11.65% of the stock is currently owned by institutional investors and hedge funds.

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.