Hennion & Walsh Asset Management Inc. Buys 6,224 Shares of Source Capital, Inc. (NYSE:SOR)

Hennion & Walsh Asset Management Inc. grew its stake in Source Capital, Inc. (NYSE:SOR - Free Report) by 23.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,305 shares of the financial services provider's stock after purchasing an additional 6,224 shares during the period. Hennion & Walsh Asset Management Inc. owned approximately 0.39% of Source Capital worth $1,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of SOR. DKM Wealth Management Inc. bought a new stake in shares of Source Capital in the 4th quarter valued at approximately $11,931,000. Raymond James Financial Inc. bought a new stake in shares of Source Capital in the 4th quarter valued at approximately $2,231,000. Concurrent Investment Advisors LLC bought a new stake in shares of Source Capital in the 4th quarter valued at approximately $712,000. Congress Wealth Management LLC DE bought a new stake in shares of Source Capital in the 4th quarter valued at approximately $357,000. Finally, Invesco Ltd. grew its stake in shares of Source Capital by 40.6% in the 4th quarter. Invesco Ltd. now owns 24,944 shares of the financial services provider's stock valued at $1,085,000 after purchasing an additional 7,198 shares during the period. 13.15% of the stock is currently owned by institutional investors.

Source Capital Trading Up 0.5%

SOR stock opened at $42.63 on Friday. Source Capital, Inc. has a 1-year low of $38.66 and a 1-year high of $46.34. The business's 50 day moving average is $41.56 and its 200-day moving average is $42.60.

Source Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Thursday, August 14th will be given a dividend of $0.2083 per share. The ex-dividend date is Thursday, August 14th. This represents a $2.50 dividend on an annualized basis and a yield of 5.86%.

Source Capital Profile

Source Capital, Inc is a close-ended balanced fund launched and managed by First Pacific Advisors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of small to mid cap companies.

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