D.A. Davidson & CO. lifted its holdings in Source Capital, Inc. (NYSE:SOR - Free Report) by 9.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 171,106 shares of the financial services provider's stock after purchasing an additional 14,076 shares during the period. D.A. Davidson & CO. owned approximately 2.08% of Source Capital worth $7,102,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Source Capital by 23.9% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 32,305 shares of the financial services provider's stock valued at $1,341,000 after purchasing an additional 6,224 shares in the last quarter. NBC Securities Inc. purchased a new position in Source Capital in the first quarter worth approximately $40,000. Cary Street Partners Financial LLC purchased a new position in Source Capital in the fourth quarter worth approximately $242,000. Raymond James Financial Inc. purchased a new position in Source Capital in the fourth quarter worth approximately $2,231,000. Finally, Invesco Ltd. lifted its stake in Source Capital by 40.6% in the fourth quarter. Invesco Ltd. now owns 24,944 shares of the financial services provider's stock worth $1,085,000 after acquiring an additional 7,198 shares during the last quarter. Institutional investors and hedge funds own 13.15% of the company's stock.
Source Capital Trading Up 0.5%
Shares of Source Capital stock opened at $43.98 on Friday. Source Capital, Inc. has a 52-week low of $38.66 and a 52-week high of $46.34. The company has a 50 day moving average of $42.53 and a 200 day moving average of $42.32.
Source Capital Announces Dividend
The company also recently declared a dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, June 18th were paid a $0.2083 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a yield of 5.87%.
About Source Capital
(
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.
See Also
Want to see what other hedge funds are holding SOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Source Capital, Inc. (NYSE:SOR - Free Report).
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