First Capital, Inc. (NASDAQ:FCAP) Sees Significant Decline in Short Interest

Key Points

• Short interest fell 22.2% in March to 62,316 shares (about 1.9% of shares outstanding), with a short-interest ratio of 8.6 days based on average daily volume.
• Several institutions boosted holdings—most notably Geode Capital (+109.7% to 78,226 shares)—leaving 11.65% of the stock owned by institutional investors.
• First Capital trades with a market cap of about $179.3M and a P/E of 10.92; it reported $1.46 EPS for the quarter and pays a $0.31 quarterly dividend (annualized $1.24, ~2.3% yield).

First Capital, Inc. (NASDAQ:FCAP - Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 62,316 shares, a drop of 22.2% from the March 15th total of 80,085 shares. Based on an average trading volume of 7,271 shares, the short-interest ratio is currently 8.6 days. Approximately 1.9% of the shares of the company are sold short.

Institutional Trading of First Capital

Several institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of First Capital by 109.7% during 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 purchasing an additional 40,918 shares during the period. Vanguard Group Inc. grew its stake in First Capital by 0.4% during the third quarter. Vanguard Group Inc. now owns 71,010 shares of the savings and loans company's stock valued at $3,252,000 after acquiring an additional 264 shares in the last quarter. Farther Finance Advisors LLC grew its stake in First Capital by 101.3% during the fourth quarter. Farther Finance Advisors LLC now owns 49,180 shares of the savings and loans company's stock valued at $2,911,000 after acquiring an additional 24,750 shares in the last quarter. State Street Corp grew its stake in First Capital by 24.9% during the fourth quarter. State Street Corp now owns 45,460 shares of the savings and loans company's stock valued at $2,691,000 after acquiring an additional 9,071 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in First Capital by 7.9% during 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 acquiring an additional 2,526 shares in the last quarter. 11.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FCAP has been the topic of several recent research reports. Wall Street Zen upgraded shares of First Capital to a "hold" rating in a research report on Saturday, January 10th. Weiss Ratings upgraded shares of First Capital from a "hold (c)" rating to a "buy (b)" rating in a research report on Friday, March 20th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, First Capital currently has an average rating of "Buy".

First Capital Price Performance

Shares of FCAP stock opened at $53.52 on Wednesday. The company has a market capitalization of $179.29 million, a price-to-earnings ratio of 10.92 and a beta of 0.62. First Capital has a one year low of $33.73 and a one year high of $71.00. The company's fifty day moving average price is $51.23 and its 200-day moving average price is $50.67.

First Capital (NASDAQ:FCAP - Get Free Report) last announced its quarterly earnings data on Friday, January 23rd. The savings and loans company reported $1.46 EPS for the quarter. The firm had revenue of $13.49 million for the quarter. First Capital had a net margin of 25.06% and a return on equity of 12.57%.

First Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, March 13th. First Capital's dividend payout ratio (DPR) is presently 25.31%.

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.

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