Raymond James Financial Inc. purchased a new stake in shares of Source Capital, Inc. (NYSE:SOR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 51,306 shares of the financial services provider's stock, valued at approximately $2,231,000. Raymond James Financial Inc. owned approximately 0.63% of Source Capital at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Invesco Ltd. raised its position in shares of Source Capital by 40.6% in the fourth quarter. Invesco Ltd. now owns 24,944 shares of the financial services provider's stock valued at $1,085,000 after purchasing an additional 7,198 shares during the period. DKM Wealth Management Inc. acquired a new position in Source Capital in the 4th quarter valued at $11,931,000. Congress Wealth Management LLC DE bought a new position in Source Capital in the 4th quarter worth $357,000. Mesirow Financial Investment Management Inc. lifted its position in Source Capital by 0.8% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 77,073 shares of the financial services provider's stock worth $3,352,000 after acquiring an additional 630 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in Source Capital during the fourth quarter valued at about $206,000. Institutional investors and hedge funds own 13.15% of the company's stock.
Source Capital Trading Up 0.3 %
Shares of NYSE:SOR traded up $0.12 during midday trading on Tuesday, hitting $41.81. The company's stock had a trading volume of 13,308 shares, compared to its average volume of 12,902. The stock's 50 day simple moving average is $41.31 and its 200 day simple moving average is $42.90. Source Capital, Inc. has a fifty-two week low of $38.66 and a fifty-two week high of $47.91.
Source Capital Cuts Dividend
The firm also recently announced a -- dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued a $0.2083 dividend. This represents a yield of 6%. The ex-dividend date is Thursday, May 15th.
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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