Odyssean LLC purchased a new stake in First Capital, Inc. (NASDAQ:FCAP – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 26,371 shares of the savings and loans company’s stock, valued at approximately $513,000.
A number of other institutional investors also recently modified their holdings of the business. Jones Financial Companies Lllp boosted its holdings in First Capital by 3,288.0% in the 1st quarter. Jones Financial Companies Lllp now owns 3,388 shares of the savings and loans company’s stock worth $129,000 after buying an additional 3,288 shares during the period. Empowered Funds LLC raised its holdings in First Capital by 6.9% during the 1st quarter. Empowered Funds LLC now owns 15,713 shares of the savings and loans company’s stock valued at $599,000 after acquiring an additional 1,008 shares during the period. Geode Capital Management LLC lifted its position in shares of 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. JPMorgan Chase & Co. lifted its position in shares of First Capital by 30,940.0% during the second quarter. JPMorgan Chase & Co. now owns 1,552 shares of the savings and loans company’s stock worth $64,000 after acquiring an additional 1,547 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in shares of First Capital in the second quarter worth $107,000. 11.65% of the stock is currently owned by hedge funds and other institutional investors.
First Capital Trading Down 1.1%
FCAP stock opened at $61.34 on Thursday. The firm has a 50 day moving average of $63.22 and a 200-day moving average of $57.30. First Capital, Inc. has a 12 month low of $37.64 and a 12 month high of $71.00. The firm has a market capitalization of $204.88 million, a P/E ratio of 11.09 and a beta of 0.71.
First Capital Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.32 per share. This is an increase from First Capital’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, September 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.1%. First Capital’s dividend payout ratio (DPR) is presently 22.42%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated 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 given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Analysis on FCAP
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.
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