Punch & Associates Investment Management Inc. acquired a new stake in shares of First Capital, Inc. (NASDAQ:FCAP – Free Report) during the second quarter, HoldingsChannel reports. The fund acquired 1,446,818 shares of the savings and loans company’s stock, valued at approximately $28,170,000. First Capital accounts for 1.4% of Punch & Associates Investment Management Inc.’s holdings, making the stock its 22nd biggest holding. Punch & Associates Investment Management Inc. owned approximately 0.43% of First Capital at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in shares of First Capital by 105.2% during the 4th quarter. Russell Investments Group Ltd. now owns 554 shares of the savings and loans company’s stock valued at $33,000 after purchasing an additional 284 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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 worth $64,000 after buying an additional 1,547 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in First Capital in the second quarter worth about $74,000. Bank of America Corp DE lifted its holdings in First Capital by 215.8% in the second quarter. Bank of America Corp DE now owns 2,122 shares of the savings and loans company’s stock worth $88,000 after buying an additional 1,450 shares during the period. Finally, New York State Common Retirement Fund bought a new stake in First Capital during the 2nd quarter valued at approximately $107,000. 11.65% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of First Capital in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.
First Capital Trading Down 1.1%
Shares of First Capital stock opened at $61.34 on Thursday. 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. The business has a fifty day simple moving average of $63.22 and a two-hundred day simple moving average of $57.30.
First Capital (NASDAQ:FCAP – Get Free Report) last released its earnings results on Friday, July 24th. The savings and loans company reported $1.43 earnings per share for the quarter. The firm had revenue of $14.29 million for the quarter. First Capital had a net margin of 26.79% and a return on equity of 13.39%.
First Capital Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.1%. This is a boost from First Capital’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, September 11th. First Capital’s dividend payout ratio is currently 22.42%.
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.
Featured Articles
- Five stocks we like better than First Capital
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
Want to see what other hedge funds are holding FCAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Capital, Inc. (NASDAQ:FCAP – Free Report).
Receive News & Ratings for First Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Capital and related companies with MarketBeat.com's FREE daily email newsletter.
