Short Interest in First Capital, Inc. (NASDAQ:FCAP) Expands By 54.5%

First Capital, Inc. (NASDAQ:FCAP) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 76,217 shares, an increase of 54.5% from the December 15th total of 49,318 shares. Currently, 2.4% of the company’s stock are sold short. Based on an average daily trading volume, of 28,547 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily trading volume, of 28,547 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.4% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FCAP. Weiss Ratings reiterated a “hold (c)” rating on shares of First Capital in a research note on Monday, December 29th. Wall Street Zen raised shares of First Capital to a “hold” rating in a report on Saturday, January 10th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, First Capital presently has an average rating of “Hold”.

Institutional Investors Weigh In On First Capital

Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of First Capital by 109.7% during the second quarter. Geode Capital Management LLC now owns 78,226 shares of the savings and loans company’s stock valued at $3,231,000 after acquiring an additional 40,918 shares during the period. Farther Finance Advisors LLC lifted its position in First Capital by 2,200.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 24,430 shares of the savings and loans company’s stock valued at $1,119,000 after purchasing an additional 23,368 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in First Capital during the 2nd quarter valued at about $439,000. Stratos Wealth Partners LTD. bought a new position in First Capital in the 3rd quarter worth about $401,000. Finally, Forvis Mazars Wealth Advisors LLC bought a new position in First Capital in the 2nd quarter worth about $228,000. 11.65% of the stock is owned by institutional investors and hedge funds.

First Capital Stock Performance

Shares of NASDAQ FCAP traded down $1.15 during trading on Friday, reaching $49.60. The stock had a trading volume of 9,084 shares, compared to its average volume of 12,245. The stock has a market cap of $166.06 million, a PE ratio of 11.25 and a beta of 0.64. First Capital has a one year low of $31.05 and a one year high of $71.00. The firm’s 50 day moving average price is $53.92 and its two-hundred day moving average price is $45.78.

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

First Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Friday, December 12th. First Capital’s dividend payout ratio is presently 28.12%.

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.