Shaker Financial Services LLC increased its stake in shares of Source Capital, Inc. (NYSE:SOR - Free Report) by 47.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,591 shares of the financial services provider's stock after acquiring an additional 8,553 shares during the quarter. Shaker Financial Services LLC owned approximately 0.32% of Source Capital worth $1,104,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Mesirow Financial Investment Management Inc. raised its position in shares of Source Capital by 0.6% during the first quarter. Mesirow Financial Investment Management Inc. now owns 77,535 shares of the financial services provider's stock valued at $3,218,000 after buying an additional 462 shares during the last quarter. NBC Securities Inc. bought a new position in Source Capital in the first quarter worth about $40,000. Cary Street Partners Financial LLC acquired a new stake in Source Capital in the fourth quarter worth about $242,000. Hennion & Walsh Asset Management Inc. raised its stake in Source Capital by 23.9% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 32,305 shares of the financial services provider's stock worth $1,341,000 after acquiring an additional 6,224 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings 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 buying an additional 7,198 shares during the period. Institutional investors and hedge funds own 13.15% of the company's stock.
Source Capital Trading Down 0.2%
Source Capital stock traded down $0.08 during midday trading on Thursday, reaching $43.77. The company had a trading volume of 3,304 shares, compared to its average volume of 12,246. Source Capital, Inc. has a 12-month low of $38.66 and a 12-month high of $46.34. The firm's fifty day simple moving average is $43.35 and its 200-day simple moving average is $42.35.
Source Capital Dividend Announcement
The company also recently declared a dividend, which was paid on Thursday, July 31st. Investors of record on Thursday, July 17th were paid a dividend of $0.2083 per share. This represents a yield of 568.0%. The ex-dividend date was Wednesday, July 16th.
Source Capital Company Profile
(
Free Report)
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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