Nantahala Capital Management LLC Acquires Shares of 750,000 First Capital, Inc. $FCAP

Nantahala Capital Management LLC bought a new position in shares of First Capital, Inc. (NASDAQ:FCAP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 750,000 shares of the savings and loans company’s stock, valued at approximately $14,602,500,000. Nantahala Capital Management LLC owned about 22.42% of First Capital at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Stock Yards Bank & Trust Co. increased its stake in shares of First Capital by 4.1% in the 1st quarter. Stock Yards Bank & Trust Co. now owns 5,022 shares of the savings and loans company’s stock valued at $249,000 after purchasing an additional 200 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of First Capital by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 71,010 shares of the savings and loans company’s stock worth $3,252,000 after buying an additional 264 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of First Capital by 105.2% during the 4th quarter. Russell Investments Group Ltd. now owns 554 shares of the savings and loans company’s stock worth $33,000 after buying an additional 284 shares during the last quarter. Mariner LLC boosted its stake in First Capital by 2.8% in the third quarter. Mariner LLC now owns 11,291 shares of the savings and loans company’s stock valued at $517,000 after buying an additional 310 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in First Capital by 18.7% in the fourth quarter. Deutsche Bank AG now owns 2,906 shares of the savings and loans company’s stock valued at $172,000 after buying an additional 458 shares in the last quarter. Institutional investors and hedge funds own 11.65% of the company’s stock.

First Capital Price Performance

Shares of NASDAQ:FCAP opened at $62.38 on Friday. First Capital, Inc. has a one year low of $37.64 and a one year high of $71.00. The company has a market cap of $208.35 million, a price-to-earnings ratio of 11.28 and a beta of 0.71. The firm has a 50 day simple moving average of $63.19 and a 200 day simple moving average of $57.39.

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

First Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a dividend of $0.32 per share. This is a positive change from First Capital’s previous quarterly dividend of $0.31. 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%. First Capital’s dividend payout ratio (DPR) is 22.42%.

Analyst Upgrades and Downgrades

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