First Capital (NASDAQ:FCAP) Shares Pass Below 200-Day Moving Average – Here’s What Happened

First Capital, Inc. (NASDAQ:FCAP) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $49.96 and traded as low as $47.99. First Capital shares last traded at $47.99, with a volume of 4,643 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FCAP. 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. Wall Street Zen raised shares of First Capital to a “hold” rating in a research note on Saturday, January 10th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, First Capital has a consensus rating of “Buy”.

First Capital Trading Down 0.3%

The stock has a market cap of $160.67 million, a price-to-earnings ratio of 9.79 and a beta of 0.63. The firm has a fifty day simple moving average of $51.64 and a 200-day simple moving average of $49.96.

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

First Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a $0.31 dividend. The ex-dividend date is Friday, March 13th. This represents a $1.24 annualized dividend and a yield of 2.6%. First Capital’s dividend payout ratio (DPR) is currently 25.31%.

Institutional Trading of First Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey bought a new position in shares of First Capital in the 2nd quarter valued at about $28,000. Russell Investments Group Ltd. raised its stake in shares of 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 buying an additional 284 shares during the last quarter. CWM LLC raised its stake in shares of First Capital by 34.4% during the third quarter. CWM LLC now owns 997 shares of the savings and loans company’s stock worth $46,000 after buying an additional 255 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in First Capital by 30,940.0% in the second 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 during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in First Capital in the second quarter valued at approximately $74,000. 11.65% of the stock is owned by institutional investors.

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.