First Capital (NASDAQ:FCAP) Stock Price Passes Above 200-Day Moving Average - Here's Why

Key Points

• First Capital shares crossed above their 200-day moving average, reaching $64.69 before closing at $63.91, versus a 200-day average of $57.16.
• Analysts maintain a generally positive outlook, with one Buy and one Hold rating producing a “Moderate Buy” consensus. The company recently reported quarterly EPS of $1.43, revenue of $14.29 million, a 13.39% return on equity, and a 26.79% net margin.
• Institutional investors and hedge funds hold 11.65% of the stock, with several firms—including Russell Investments, JPMorgan, and Bank of America—recently increasing their positions.

Shares of First Capital, Inc. (NASDAQ:FCAP - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $57.16 and traded as high as $64.69. First Capital shares last traded at $63.91, with a volume of 16,491 shares traded.

Wall Street Analysts Forecast Growth

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

First Capital Price Performance

The company has a market capitalization of $213.78 million, a price-to-earnings ratio of 11.56 and a beta of 0.71. The stock has a 50 day simple moving average of $63.43 and a two-hundred day simple moving average of $57.16.

First Capital (NASDAQ:FCAP - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The savings and loans company reported $1.43 earnings per share (EPS) for the quarter. First Capital had a return on equity of 13.39% and a net margin of 26.79%.The business had revenue of $14.29 million during the quarter.

Hedge Funds Weigh In On First Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its holdings 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 worth $33,000 after purchasing an additional 284 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of First Capital by 30,940.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,552 shares of the savings and loans company's stock valued at $64,000 after buying an additional 1,547 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of First Capital in the 2nd quarter valued at $74,000. Bank of America Corp DE grew its position in shares of First Capital by 215.8% in 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 buying an additional 1,450 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new position in shares of First Capital in the 2nd quarter valued at $107,000. 11.65% of the stock is owned by institutional investors and hedge funds.

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.

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