Source Capital, Inc. (NYSE:SOR) Shares Sold by Shaker Financial Services LLC

Shaker Financial Services LLC decreased its position in Source Capital, Inc. (NYSE:SOR - Free Report) by 70.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,038 shares of the financial services provider's stock after selling 42,063 shares during the quarter. Shaker Financial Services LLC owned 0.22% of Source Capital worth $784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in SOR. Sanctuary Advisors LLC raised its stake in shares of Source Capital by 7.0% during the third quarter. Sanctuary Advisors LLC now owns 15,059 shares of the financial services provider's stock valued at $665,000 after acquiring an additional 988 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Source Capital by 6.7% in the 4th quarter. Park Avenue Securities LLC now owns 17,416 shares of the financial services provider's stock worth $757,000 after purchasing an additional 1,092 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Source Capital by 77.6% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 26,081 shares of the financial services provider's stock worth $1,134,000 after buying an additional 11,392 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of Source Capital by 3.5% in the 4th quarter. D.A. Davidson & CO. now owns 157,030 shares of the financial services provider's stock worth $6,829,000 after purchasing an additional 5,342 shares in the last quarter. Finally, Concurrent Investment Advisors LLC bought a new position in Source Capital during the 4th quarter valued at about $712,000. Hedge funds and other institutional investors own 13.15% of the company's stock.

Source Capital Price Performance

SOR traded down $0.23 during mid-day trading on Friday, reaching $41.29. 7,104 shares of the company traded hands, compared to its average volume of 12,812. Source Capital, Inc. has a 52-week low of $38.66 and a 52-week high of $47.91. The company's fifty day moving average price is $41.45 and its 200-day moving average price is $43.03.

Source Capital Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a dividend of $0.2083 per share. This represents a dividend yield of 6%. The ex-dividend date is Thursday, May 15th.

Source Capital 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.