First Capital, Inc. (NASDAQ:FCAP) Sees Large Drop in Short Interest

First Capital, Inc. (NASDAQ:FCAP) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 62,316 shares, a decline of 22.2% from the March 15th total of 80,085 shares. Approximately 1.9% of the company’s stock are sold short. Based on an average daily volume of 7,271 shares, the short-interest ratio is currently 8.6 days.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FCAP shares. Wall Street Zen raised shares of First Capital to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings raised shares of First Capital from a “hold (c)” rating to a “buy (b)” rating in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, First Capital presently has an average rating of “Buy”.

First Capital Price Performance

Shares of FCAP stock traded down $0.35 during trading hours on Thursday, hitting $52.63. The stock had a trading volume of 1,956 shares, compared to its average volume of 5,555. The firm has a market capitalization of $176.31 million, a PE ratio of 10.74 and a beta of 0.62. First Capital has a twelve month low of $33.73 and a twelve month high of $71.00. The stock’s 50 day moving average is $50.92 and its 200 day moving average is $50.70.

First Capital (NASDAQ:FCAP) last posted its quarterly earnings data on Friday, January 23rd. The savings and loans company reported $1.46 earnings per share for the quarter. First Capital had a return on equity of 12.57% and a net margin of 25.06%.The business had revenue of $13.49 million during the quarter.

First Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, March 13th. First Capital’s dividend payout ratio (DPR) is presently 25.31%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FCAP. Geode Capital Management LLC grew its position in First Capital by 109.7% during the 2nd quarter. Geode Capital Management LLC now owns 78,226 shares of the savings and loans company’s stock worth $3,231,000 after purchasing an additional 40,918 shares during the last quarter. Farther Finance Advisors LLC grew its position in First Capital by 101.3% during the 4th quarter. Farther Finance Advisors LLC now owns 49,180 shares of the savings and loans company’s stock worth $2,911,000 after purchasing an additional 24,750 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in First Capital during the 2nd quarter worth $439,000. State Street Corp grew its position in First Capital by 24.9% during the 4th quarter. State Street Corp now owns 45,460 shares of the savings and loans company’s stock worth $2,691,000 after purchasing an additional 9,071 shares during the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new position in First Capital during the 3rd quarter worth $401,000. 11.65% of the stock is owned by hedge funds and other institutional investors.

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.