D.A. Davidson & CO. Acquires 14,076 Shares of Source Capital, Inc. (NYSE:SOR)

D.A. Davidson & CO. grew its stake in shares of Source Capital, Inc. (NYSE:SOR - Free Report) by 9.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 171,106 shares of the financial services provider's stock after buying an additional 14,076 shares during the period. D.A. Davidson & CO. owned approximately 2.08% of Source Capital worth $7,102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mesirow Financial Investment Management Inc. grew its holdings in shares of Source Capital by 0.8% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 77,073 shares of the financial services provider's stock valued at $3,352,000 after buying an additional 630 shares during the period. NBC Securities Inc. bought a new position in Source Capital during the first quarter worth about $40,000. Jones Financial Companies Lllp acquired a new position in Source Capital in the fourth quarter valued at about $206,000. Cary Street Partners Financial LLC bought a new stake in shares of Source Capital in the fourth quarter worth about $242,000. Finally, Hennion & Walsh Asset Management Inc. increased 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 worth $1,341,000 after acquiring an additional 6,224 shares in the last quarter. Institutional investors own 13.15% of the company's stock.

Source Capital Trading Up 0.3%

Shares of NYSE:SOR traded up $0.15 during trading on Tuesday, hitting $43.86. 5,990 shares of the company's stock traded hands, compared to its average volume of 12,585. The company has a 50-day moving average price of $42.63 and a 200-day moving average price of $42.29. Source Capital, Inc. has a 52 week low of $38.66 and a 52 week high of $46.34.

Source Capital Announces Dividend

The business also recently announced a dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were issued a dividend of $0.2083 per share. The ex-dividend date was Tuesday, June 17th. This represents a yield of 5.87%.

Source Capital Company 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.