First Capital, Inc. (NASDAQ:FCAP) Short Interest Up 54.5% in December

First Capital, Inc. (NASDAQ:FCAP) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 76,217 shares, a growth of 54.5% from the December 15th total of 49,318 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average daily volume of 28,547 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily volume of 28,547 shares, the days-to-cover ratio is currently 2.7 days. Approximately 2.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of First Capital during the second quarter worth $28,000. CWM LLC purchased a new position in shares of First Capital in the second quarter worth about $31,000. Farther Finance Advisors LLC acquired a new position in First Capital during the second quarter worth about $44,000. JPMorgan Chase & Co. boosted its position in 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 during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in First Capital during the 2nd quarter valued at about $74,000. Hedge funds and other institutional investors own 11.65% of the company’s stock.

First Capital Stock Down 2.3%

Shares of NASDAQ FCAP opened at $49.60 on Friday. The firm has a market cap of $166.16 million, a price-to-earnings ratio of 11.25 and a beta of 0.64. The company’s 50-day simple moving average is $53.92 and its 200-day simple moving average is $45.80. First Capital has a 52-week low of $31.05 and a 52-week high of $71.00.

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

First Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.5%. First Capital’s payout ratio is currently 28.12%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FCAP. Wall Street Zen raised shares of First Capital to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of First Capital in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

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.