First Capital (NASDAQ:FCAP) Rating Increased to Moderate Buy at Colliers Securities

Colliers Securities upgraded shares of First Capital (NASDAQ:FCAP) to a moderate buy rating in a research report report published on Thursday morning,Zacks.com reports.

A number of other research analysts also recently weighed in on the stock. Weiss Ratings raised 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 report on Saturday, January 10th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

First Capital Stock Performance

Shares of NASDAQ:FCAP opened at $54.50 on Thursday. The company has a market capitalization of $182.58 million, a P/E ratio of 11.12 and a beta of 0.62. The company’s 50-day moving average is $50.93 and its 200 day moving average is $50.77. First Capital has a fifty-two week low of $33.73 and a fifty-two week high of $71.00.

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

First Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, March 13th. First Capital’s payout ratio is currently 25.31%.

Hedge Funds Weigh In On First Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FCAP. Russell Investments Group Ltd. increased its stake in shares of First Capital by 105.2% in 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. Barclays PLC boosted its holdings in First Capital by 6.5% in the 4th quarter. Barclays PLC now owns 7,936 shares of the savings and loans company’s stock worth $470,000 after buying an additional 483 shares during the period. State Street Corp boosted its holdings in 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 buying an additional 9,071 shares during the period. Wells Fargo & Company MN grew its stake in First Capital by 46.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,659 shares of the savings and loans company’s stock valued at $217,000 after buying an additional 1,157 shares in the last quarter. Finally, Nuveen LLC purchased a new position in First Capital in the 4th quarter valued at approximately $248,000. Institutional investors own 11.65% of the company’s stock.

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.