William Blair Investment Management LLC Acquires New Holdings in First Capital, Inc. $FCAP

William Blair Investment Management LLC bought a new stake in First Capital, Inc. (NASDAQ:FCAP) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,806,665 shares of the savings and loans company’s stock, valued at approximately $35,176,000. William Blair Investment Management LLC owned about 0.54% of First Capital at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FCAP. BlackRock Inc. purchased a new position in First Capital during the second quarter worth about $33,057,000. Geode Capital Management LLC raised its stake in shares of 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 valued at $3,231,000 after acquiring an additional 40,918 shares during the period. Vanguard Group Inc. raised its stake in shares of First Capital by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 71,010 shares of the savings and loans company’s stock valued at $3,252,000 after acquiring an additional 264 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of First Capital in the 2nd quarter worth approximately $1,062,000. Finally, State Street Corp lifted its holdings in shares of First Capital by 24.9% in the 4th quarter. State Street Corp now owns 45,460 shares of the savings and loans company’s stock worth $2,691,000 after acquiring an additional 9,071 shares during the last quarter. Institutional investors and hedge funds own 11.65% of the company’s stock.

First Capital Trading Down 0.3%

FCAP stock opened at $62.41 on Friday. The company has a market capitalization of $208.45 million, a PE ratio of 11.29 and a beta of 0.71. First Capital, Inc. has a 12-month low of $36.79 and a 12-month high of $71.00. The business’s fifty day moving average price is $63.32 and its 200 day moving average price is $57.29.

First Capital (NASDAQ:FCAP) last posted its earnings results on Friday, July 24th. The savings and loans company reported $1.43 earnings per share (EPS) for the quarter. First Capital had a return on equity of 13.39% and a net margin of 26.79%.The firm had revenue of $14.29 million for the quarter.

First Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a dividend of $0.32 per share. 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 payout ratio is currently 22.42%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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.