Farther Finance Advisors LLC Grows Position in First Capital, Inc. $FCAP

Farther Finance Advisors LLC lifted its position in shares of First Capital, Inc. (NASDAQ:FCAP) by 2,200.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,430 shares of the savings and loans company’s stock after purchasing an additional 23,368 shares during the quarter. Farther Finance Advisors LLC owned about 0.73% of First Capital worth $1,119,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Forvis Mazars Wealth Advisors LLC purchased a new stake in shares of First Capital in the 2nd quarter worth about $228,000. Geode Capital Management LLC boosted its stake in First Capital by 109.7% during the second quarter. Geode Capital Management LLC now owns 78,226 shares of the savings and loans company’s stock worth $3,231,000 after acquiring an additional 40,918 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in First Capital by 4.6% during the second quarter. Bridgeway Capital Management LLC now owns 32,177 shares of the savings and loans company’s stock worth $1,329,000 after acquiring an additional 1,429 shares in the last quarter. Empowered Funds LLC grew its holdings in First Capital by 6.9% in the first quarter. Empowered Funds LLC now owns 15,713 shares of the savings and loans company’s stock worth $599,000 after purchasing an additional 1,008 shares during the period. Finally, Raymond James Financial Inc. increased its stake in shares of First Capital by 17.6% during the second quarter. Raymond James Financial Inc. now owns 13,536 shares of the savings and loans company’s stock valued at $559,000 after purchasing an additional 2,023 shares in the last quarter. Institutional investors own 11.65% of the company’s stock.

First Capital Stock Down 1.6%

Shares of NASDAQ FCAP opened at $59.87 on Monday. The firm has a market cap of $200.56 million, a P/E ratio of 13.58 and a beta of 0.64. First Capital, Inc. has a twelve month low of $30.49 and a twelve month high of $71.00. The company has a 50 day moving average of $50.52 and a 200 day moving average of $44.67.

First Capital (NASDAQ:FCAP) last posted its earnings results on Friday, October 24th. The savings and loans company reported $1.34 EPS for the quarter. First Capital had a return on equity of 12.04% and a net margin of 23.29%.The business had revenue of $13.26 million during the quarter.

First Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.24 annualized dividend and a dividend yield of 2.1%. First Capital’s dividend payout ratio (DPR) is 28.12%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of First Capital in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, First Capital currently has a consensus rating of “Hold”.

First Capital 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.