International Assets Investment Management LLC acquired a new stake in Source Capital, Inc. (NYSE:SOR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 19,986 shares of the financial services provider's stock, valued at approximately $807,000. International Assets Investment Management LLC owned approximately 0.24% of Source Capital as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the business. Blue Bell Private Wealth Management LLC boosted its stake in shares of Source Capital by 5.1% during the third quarter. Blue Bell Private Wealth Management LLC now owns 8,369 shares of the financial services provider's stock valued at $323,000 after purchasing an additional 403 shares in the last quarter. Pecaut & CO. boosted its stake in shares of Source Capital by 1.4% during the third quarter. Pecaut & CO. now owns 36,718 shares of the financial services provider's stock valued at $1,417,000 after purchasing an additional 499 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Source Capital by 2.0% during the third quarter. Raymond James & Associates now owns 45,518 shares of the financial services provider's stock valued at $1,757,000 after purchasing an additional 878 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Source Capital during the third quarter valued at about $36,000. Finally, AQR Arbitrage LLC boosted its stake in shares of Source Capital by 34.8% during the third quarter. AQR Arbitrage LLC now owns 14,249 shares of the financial services provider's stock valued at $550,000 after purchasing an additional 3,675 shares in the last quarter. 13.15% of the stock is owned by institutional investors and hedge funds.
Source Capital Stock Performance
Shares of SOR stock traded down $0.01 during mid-day trading on Wednesday, reaching $41.79. 5,170 shares of the stock traded hands, compared to its average volume of 13,926. The stock's fifty day simple moving average is $41.62 and its two-hundred day simple moving average is $40.30. Source Capital, Inc. has a 1-year low of $36.48 and a 1-year high of $42.92.
Source Capital Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be paid a $0.2083 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date is Thursday, August 15th.
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.
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