First Capital (NASDAQ:FCAP) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

First Capital, Inc. (NASDAQ:FCAP)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $49.44 and traded as low as $48.72. First Capital shares last traded at $49.84, with a volume of 5,038 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of First Capital in a report on Monday, December 29th. Wall Street Zen raised shares of First Capital to a “hold” rating in a research report on Saturday, January 10th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, First Capital currently has a consensus rating of “Hold”.

First Capital Stock Down 0.7%

The company has a market cap of $166.96 million, a price-to-earnings ratio of 10.17 and a beta of 0.63. The firm has a 50-day simple moving average of $53.11 and a 200 day simple moving average of $49.44.

First Capital (NASDAQ:FCAP) last issued 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 12.95% and a net margin of 25.06%.The company had revenue of $13.49 million during the quarter.

First Capital Dividend Announcement

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

Hedge Funds Weigh In On First Capital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in First Capital by 109.7% in the 2nd 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. Vanguard Group Inc. lifted its position in 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 acquiring an additional 264 shares during the period. Farther Finance Advisors LLC grew its stake in shares of First Capital by 101.3% in the 4th quarter. Farther Finance Advisors LLC now owns 49,180 shares of the savings and loans company’s stock valued at $2,911,000 after purchasing an additional 24,750 shares during the last quarter. State Street Corp grew its stake in shares of First Capital by 24.9% in the 4th quarter. State Street Corp now owns 45,460 shares of the savings and loans company’s stock valued at $2,691,000 after purchasing an additional 9,071 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in shares of First Capital by 7.9% in the third quarter. Bridgeway Capital Management LLC now owns 34,703 shares of the savings and loans company’s stock valued at $1,589,000 after purchasing an additional 2,526 shares during the period. Hedge funds and other institutional investors own 11.65% of the company’s stock.

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.