First Capital (NASDAQ:FCAP) Shares Cross Above 200 Day Moving Average – Time to Sell?

First Capital, Inc. (NASDAQ:FCAP) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $56.59 and traded as high as $63.74. First Capital shares last traded at $63.74, with a volume of 15,624 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of First Capital in a research report on Friday, July 17th. Colliers Securities upgraded First Capital to a “moderate buy” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, First Capital has an average rating of “Moderate Buy”.

First Capital Price Performance

The company has a fifty day moving average price of $63.32 and a 200 day moving average price of $56.70. The company has a market cap of $220.43 million, a PE ratio of 11.90 and a beta of 0.71.

First Capital (NASDAQ:FCAP) last announced its earnings results on Friday, July 24th. The savings and loans company reported $1.43 earnings per share for the quarter. First Capital had a net margin of 26.79% and a return on equity of 13.55%. The business had revenue of $14.29 million for the quarter.

First Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a dividend of $0.31 per share. The ex-dividend date was Friday, June 12th. This represents a $1.24 annualized dividend and a dividend yield of 1.9%. First Capital’s dividend payout ratio (DPR) is 22.42%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC bought a new stake in First Capital during the second quarter worth about $35,176,000. BlackRock Inc. purchased a new position in shares of First Capital during the 2nd quarter valued at about $33,057,000. Bank of New York Mellon Corp purchased a new position in shares of First Capital during the 2nd quarter valued at about $1,062,000. Geode Capital Management LLC lifted its position in First Capital by 109.7% in the 2nd 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 last quarter. Finally, Farther Finance Advisors LLC lifted its position in First Capital by 101.3% in the 4th quarter. Farther Finance Advisors LLC now owns 49,180 shares of the savings and loans company’s stock worth $2,911,000 after buying an additional 24,750 shares during the last quarter. 11.65% of the stock is currently 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.