Source Capital, Inc. (NYSE:SOR) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in Source Capital, Inc. (NYSE:SOR) by 1.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,135 shares of the financial services provider’s stock after acquiring an additional 224 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Source Capital were worth $718,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC increased its position in shares of Source Capital by 3.5% during the third quarter. Private Advisor Group LLC now owns 9,314 shares of the financial services provider’s stock worth $415,000 after acquiring an additional 319 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in Source Capital by 0.8% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 76,443 shares of the financial services provider’s stock worth $3,404,000 after purchasing an additional 631 shares during the last quarter. Lake Street Advisors Group LLC raised its position in shares of Source Capital by 58.3% in the 3rd quarter. Lake Street Advisors Group LLC now owns 14,915 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 5,495 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Source Capital by 220.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 14,689 shares of the financial services provider’s stock valued at $654,000 after buying an additional 10,102 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of Source Capital by 9.1% during the second quarter. D.A. Davidson & CO. now owns 138,536 shares of the financial services provider’s stock worth $6,132,000 after buying an additional 11,518 shares in the last quarter. 13.15% of the stock is owned by hedge funds and other institutional investors.

Source Capital Stock Performance

Shares of NYSE:SOR opened at $45.40 on Wednesday. The company has a fifty day simple moving average of $44.37 and a 200 day simple moving average of $43.88. Source Capital, Inc. has a 12-month low of $39.36 and a 12-month high of $47.91.

Source Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.2083 per share. This represents a $2.50 annualized dividend and a yield of 5.51%. The ex-dividend date of this dividend is Monday, December 16th.

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.