Concurrent Investment Advisors LLC purchased a new position in shares of Source Capital, Inc. (NYSE:SOR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 16,366 shares of the financial services provider's stock, valued at approximately $712,000. Concurrent Investment Advisors LLC owned approximately 0.20% of Source Capital at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Private Advisor Group LLC increased its stake in Source Capital by 3.5% in the third quarter. Private Advisor Group LLC now owns 9,314 shares of the financial services provider's stock valued at $415,000 after purchasing an additional 319 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in Source Capital by 220.2% in 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 acquiring an additional 10,102 shares during the period. Sanctuary Advisors LLC raised its stake in 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 acquiring an additional 988 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Source Capital by 1.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 16,135 shares of the financial services provider's stock worth $718,000 after acquiring an additional 224 shares during the period. Finally, Park Avenue Securities LLC grew its stake 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 valued at $757,000 after purchasing an additional 1,092 shares during the last quarter. 13.15% of the stock is owned by hedge funds and other institutional investors.
Source Capital Trading Down 0.1 %
Shares of NYSE:SOR traded down $0.04 during trading on Thursday, reaching $42.38. The company had a trading volume of 8,255 shares, compared to its average volume of 15,357. The stock's fifty day moving average price is $42.97 and its 200 day moving average price is $43.86. Source Capital, Inc. has a fifty-two week low of $40.66 and a fifty-two week high of $47.91.
Source Capital Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.2083 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.50 dividend on an annualized basis and a yield of 5.90%.
Source Capital Company Profile
(
Free Report)
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.
See Also
Before you consider Source Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Source Capital wasn't on the list.
While Source Capital currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
