Source Capital, Inc. (NYSE:SOR) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its position in Source Capital, Inc. (NYSE:SOR) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,059 shares of the financial services provider’s stock after buying an additional 988 shares during the period. Sanctuary Advisors LLC owned about 0.18% of Source Capital worth $665,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SOR. D.A. Davidson & CO. boosted its stake in shares of Source Capital by 9.5% in the third quarter. D.A. Davidson & CO. now owns 151,688 shares of the financial services provider’s stock worth $6,754,000 after acquiring an additional 13,152 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Source Capital by 4,352.5% in the 3rd quarter. International Assets Investment Management LLC now owns 22,040 shares of the financial services provider’s stock valued at $981,000 after purchasing an additional 21,545 shares in the last quarter. Shaker Financial Services LLC boosted its stake in Source Capital by 1,227.3% during the 3rd quarter. Shaker Financial Services LLC now owns 60,101 shares of the financial services provider’s stock worth $2,676,000 after purchasing an additional 55,573 shares during the last quarter. Private Advisor Group LLC grew its holdings 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 buying an additional 319 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its position in shares of Source Capital by 0.9% in the second quarter. Mesirow Financial Investment Management Inc. now owns 75,812 shares of the financial services provider’s stock valued at $3,356,000 after buying an additional 640 shares during the last quarter. 13.15% of the stock is currently owned by hedge funds and other institutional investors.

Source Capital Price Performance

NYSE:SOR opened at $45.82 on Wednesday. Source Capital, Inc. has a twelve month low of $39.36 and a twelve month high of $47.91. The company’s 50-day moving average price is $44.68 and its 200-day moving average price is $44.11.

Source Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.2083 per share. This represents a $2.50 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend is Friday, January 17th.

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.