Short Interest in Source Capital, Inc. (NYSE:SOR) Rises By 82.4%

Source Capital, Inc. (NYSE:SOR - Get Free Report) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 15,500 shares, an increase of 82.4% from the May 15th total of 8,500 shares. Currently, 0.8% of the company's shares are short sold. Based on an average daily trading volume, of 13,500 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On Source Capital

Several institutional investors have recently modified their holdings of the business. Anchor Investment Management LLC grew its position in shares of Source Capital by 10.8% during the 1st quarter. Anchor Investment Management LLC now owns 30,352 shares of the financial services provider's stock worth $1,260,000 after buying an additional 2,965 shares during the period. Smith Asset Management Co. LLC acquired a new stake in shares of Source Capital during the 1st quarter worth approximately $1,133,000. Invesco Ltd. grew its holdings in Source Capital by 3.1% during the first quarter. Invesco Ltd. now owns 25,729 shares of the financial services provider's stock valued at $1,068,000 after purchasing an additional 785 shares during the period. Cornerstone Advisors LLC acquired a new position in Source Capital during the first quarter valued at approximately $120,000. Finally, Shaker Financial Services LLC grew its holdings in Source Capital by 47.4% during the first quarter. Shaker Financial Services LLC now owns 26,591 shares of the financial services provider's stock valued at $1,104,000 after purchasing an additional 8,553 shares during the period. Institutional investors and hedge funds own 13.15% of the company's stock.

Source Capital Stock Down 0.0%

Shares of NYSE:SOR traded down $0.02 during trading on Friday, hitting $42.62. 6,627 shares of the company's stock were exchanged, compared to its average volume of 12,701. Source Capital has a 1-year low of $38.66 and a 1-year high of $46.34. The firm has a 50-day moving average price of $41.79 and a two-hundred day moving average price of $42.52.

Source Capital Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.2083 per share. This represents a dividend yield of 5.87%. The ex-dividend date is Tuesday, June 17th.

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.

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