Hara Capital LLC Has $3.12 Million Position in Source Capital, Inc. (NYSE:SOR)

Hara Capital LLC cut its stake in shares of Source Capital, Inc. (NYSE:SOR - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,623 shares of the financial services provider's stock after selling 11,772 shares during the period. Source Capital makes up approximately 2.0% of Hara Capital LLC's investment portfolio, making the stock its 9th largest holding. Hara Capital LLC owned about 0.87% of Source Capital worth $3,115,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Jones Financial Companies Lllp bought a new position in Source Capital during the fourth quarter worth about $206,000. Cary Street Partners Financial LLC acquired a new stake in shares of Source Capital in the fourth quarter valued at about $242,000. Congress Wealth Management LLC DE acquired a new position in Source Capital during the fourth quarter worth approximately $357,000. Lake Street Advisors Group LLC increased its position in Source Capital by 3.4% during the fourth quarter. Lake Street Advisors Group LLC now owns 15,426 shares of the financial services provider's stock worth $712,000 after buying an additional 511 shares during the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new position in Source Capital during the fourth quarter worth approximately $712,000. 13.15% of the stock is owned by institutional investors and hedge funds.

Source Capital Price Performance

Shares of Source Capital stock traded up $0.01 on Friday, hitting $42.56. The stock had a trading volume of 31,176 shares, compared to its average volume of 12,457. Source Capital, Inc. has a twelve month low of $38.66 and a twelve month high of $46.34. The business's 50 day moving average is $41.47 and its two-hundred day moving average is $42.63.

Source Capital Dividend Announcement

The business 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. This represents a $2.50 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date is Thursday, August 14th.

About Source Capital

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.