First Capital, Inc. (NASDAQ:FCAP) Sees Large Increase in Short Interest

First Capital, Inc. (NASDAQ:FCAP) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 90,591 shares, a growth of 25.2% from the January 15th total of 72,379 shares. Approximately 2.8% of the company’s shares are short sold. Based on an average daily volume of 4,901 shares, the short-interest ratio is presently 18.5 days. Based on an average daily volume of 4,901 shares, the short-interest ratio is presently 18.5 days. Approximately 2.8% of the company’s shares are short sold.

First Capital Stock Performance

NASDAQ:FCAP opened at $53.52 on Wednesday. First Capital has a 1 year low of $33.73 and a 1 year high of $71.00. The stock has a market cap of $179.29 million, a P/E ratio of 10.92 and a beta of 0.60. The stock has a 50-day simple moving average of $56.32 and a 200-day simple moving average of $47.94.

First Capital (NASDAQ:FCAP) last posted its earnings results on Friday, January 23rd. The savings and loans company reported $1.46 earnings per share for the quarter. The firm 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%.

Analyst Ratings Changes

FCAP has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of First Capital in a research note on Monday, December 29th. Wall Street Zen upgraded First Capital to a “hold” rating in a report on Saturday, January 10th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FCAP. Jones Financial Companies Lllp raised its position 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 valued at $129,000 after purchasing an additional 3,288 shares during the last quarter. Empowered Funds LLC increased its stake in First Capital by 6.9% in the first quarter. Empowered Funds LLC now owns 15,713 shares of the savings and loans company’s stock valued at $599,000 after purchasing an additional 1,008 shares during the period. CWM LLC purchased a new stake in shares of First Capital in the second quarter valued at about $31,000. Forvis Mazars Wealth Advisors LLC acquired a new stake in shares of First Capital during the second quarter worth about $228,000. Finally, Geode Capital Management LLC boosted its stake 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 buying an additional 40,918 shares during the period. 11.65% of the stock is owned by hedge funds and other 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.