Philadelphia Financial Management of San Francisco LLC Takes Position in First Capital, Inc. $FCAP

Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of First Capital, Inc. (NASDAQ:FCAP) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 316,853 shares of the savings and loans company’s stock, valued at approximately $6,169,128,000. Philadelphia Financial Management of San Francisco LLC owned approximately 9.49% of First Capital at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FCAP. Russell Investments Group Ltd. increased its position in First Capital by 105.2% during the fourth quarter. Russell Investments Group Ltd. now owns 554 shares of the savings and loans company’s stock valued at $33,000 after acquiring an additional 284 shares during the last quarter. JPMorgan Chase & Co. raised its stake 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 valued at $64,000 after acquiring an additional 1,547 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in First Capital during the 2nd quarter worth $74,000. Bank of America Corp DE raised its position in First Capital by 215.8% during the 2nd quarter. Bank of America Corp DE now owns 2,122 shares of the savings and loans company’s stock valued at $88,000 after purchasing an additional 1,450 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new stake in shares of First Capital in the 2nd quarter worth $107,000. Hedge funds and other institutional investors own 11.65% of the company’s stock.

First Capital Trading Down 1.1%

Shares of NASDAQ FCAP opened at $61.34 on Thursday. The company has a 50 day simple moving average of $63.22 and a two-hundred day simple moving average of $57.30. The stock has a market cap of $204.88 million, a price-to-earnings ratio of 11.09 and a beta of 0.71. First Capital, Inc. has a 12 month low of $37.64 and a 12 month high of $71.00.

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

First Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, September 11th. This is a boost from First Capital’s previous quarterly dividend of $0.31. First Capital’s payout ratio is presently 22.42%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of First Capital in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.