Short Interest in First Capital, Inc. (NASDAQ:FCAP) Grows By 29.9%

First Capital, Inc. (NASDAQ:FCAP) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 80,085 shares, an increase of 29.9% from the February 26th total of 61,675 shares. Based on an average daily trading volume, of 4,929 shares, the days-to-cover ratio is currently 16.2 days. Currently, 2.5% of the company’s stock are short sold.

Institutional Investors Weigh In On First Capital

Several institutional investors have recently bought and sold shares of FCAP. Geode Capital Management LLC raised 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 buying an additional 40,918 shares during the last quarter. Vanguard Group Inc. boosted its holdings 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 last quarter. Farther Finance Advisors LLC boosted its holdings in First Capital by 101.3% during the 4th quarter. Farther Finance Advisors LLC now owns 49,180 shares of the savings and loans company’s stock worth $2,911,000 after acquiring 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 worth $2,691,000 after acquiring an additional 9,071 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in shares of First Capital by 7.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 34,703 shares of the savings and loans company’s stock worth $1,589,000 after acquiring an additional 2,526 shares in the last quarter. Institutional investors own 11.65% of the company’s stock.

First Capital Price Performance

Shares of NASDAQ:FCAP traded up $0.87 during midday trading on Friday, hitting $49.37. 3,802 shares of the company’s stock were exchanged, compared to its average volume of 6,289. First Capital has a 12 month low of $33.73 and a 12 month high of $71.00. The company has a market cap of $165.29 million, a PE ratio of 10.08 and a beta of 0.63. The stock has a 50 day moving average price of $51.59 and a 200-day moving average price of $50.04.

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

First Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were 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 was Friday, March 13th. First Capital’s dividend payout ratio (DPR) is currently 25.31%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Weiss Ratings upgraded First Capital from a “hold (c)” rating to a “buy (b)” rating in a report on Friday, March 20th. Wall Street Zen upgraded First Capital to a “hold” rating in a report on Saturday, January 10th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, First Capital has an average rating of “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.