Short Interest in First Capital, Inc. (NASDAQ:FCAP) Decreases By 31.7%

First Capital, Inc. (NASDAQ:FCAP) was the recipient of a large decline in short interest in February. As of February 13th, there was short interest totaling 61,874 shares, a decline of 31.7% from the January 29th total of 90,591 shares. Based on an average daily trading volume, of 8,354 shares, the short-interest ratio is currently 7.4 days. Approximately 1.9% of the company’s stock are sold short. Approximately 1.9% of the company’s stock are sold short. Based on an average daily trading volume, of 8,354 shares, the short-interest ratio is currently 7.4 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Capital in a research note on Monday, December 29th. Wall Street Zen raised 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 data from MarketBeat.com, First Capital currently has an average rating of “Hold”.

First Capital Stock Performance

Shares of NASDAQ:FCAP traded down $2.57 during midday trading on Friday, reaching $50.80. 6,365 shares of the company’s stock traded hands, compared to its average volume of 6,602. First Capital has a one year low of $33.73 and a one year high of $71.00. The company has a market cap of $170.18 million, a price-to-earnings ratio of 10.37 and a beta of 0.60. The stock has a 50 day moving average of $54.26 and a 200 day moving average of $48.75.

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

First Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, March 13th. First Capital’s dividend payout ratio is presently 25.31%.

Hedge Funds Weigh In On First Capital

Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its holdings in shares of First Capital by 105.2% in the 4th 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. Police & Firemen s Retirement System of New Jersey purchased a new position in First Capital in the second quarter worth $28,000. CWM LLC acquired a new position in shares of First Capital during the second quarter worth $31,000. 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 purchasing an additional 1,547 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of First Capital in the 2nd quarter worth $74,000. 11.65% of the stock is currently owned by institutional investors.

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.