Source Capital, Inc. (NYSE:SOR) Short Interest Update

Source Capital, Inc. (NYSE:SOR - Get Free Report) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 6,900 shares, an increase of 21.1% from the March 15th total of 5,700 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,400 shares, the short-interest ratio is currently 0.5 days.

Source Capital Stock Performance

NYSE:SOR traded up $0.01 during trading hours on Friday, reaching $41.53. The stock had a trading volume of 2,127 shares, compared to its average volume of 12,818. Source Capital has a 52 week low of $38.66 and a 52 week high of $47.91. The company has a 50 day moving average price of $41.48 and a two-hundred day moving average price of $43.05.

Source Capital Cuts Dividend

The firm also recently declared 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 yield of 6%. The ex-dividend date of this dividend is Thursday, May 15th.

Hedge Funds Weigh In On Source Capital

Several institutional investors have recently bought and sold shares of SOR. Sanctuary Advisors LLC increased its position in shares of Source Capital by 7.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,059 shares of the financial services provider's stock valued at $665,000 after purchasing an additional 988 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Source Capital by 6.7% in the fourth quarter. Park Avenue Securities LLC now owns 17,416 shares of the financial services provider's stock valued at $757,000 after acquiring an additional 1,092 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Source Capital by 77.6% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 26,081 shares of the financial services provider's stock worth $1,134,000 after purchasing an additional 11,392 shares during the period. D.A. Davidson & CO. grew its holdings in Source Capital by 3.5% during the 4th quarter. D.A. Davidson & CO. now owns 157,030 shares of the financial services provider's stock valued at $6,829,000 after purchasing an additional 5,342 shares during the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new stake in Source Capital in the 4th quarter worth about $712,000. Institutional investors own 13.15% of the company's stock.

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.