8,218 Shares in Source Capital, Inc. (NYSE:SOR) Purchased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE acquired a new position in Source Capital, Inc. (NYSE:SOR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,218 shares of the financial services provider's stock, valued at approximately $357,000. Congress Wealth Management LLC DE owned 0.10% of Source Capital as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SOR. Thrivent Financial for Lutherans boosted its stake in shares of Source Capital by 1.4% in the third 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. Lake Street Advisors Group LLC boosted its stake in Source Capital by 3.4% during the fourth quarter. Lake Street Advisors Group LLC now owns 15,426 shares of the financial services provider's stock worth $712,000 after buying an additional 511 shares during the period. Mesirow Financial Investment Management Inc. boosted its stake in shares of Source Capital by 0.8% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 77,073 shares of the financial services provider's stock worth $3,352,000 after purchasing an additional 630 shares during the period. Sanctuary Advisors LLC grew 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 buying an additional 988 shares during the last quarter. Finally, Park Avenue Securities LLC increased its stake in 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 worth $757,000 after purchasing an additional 1,092 shares during the period. Hedge funds and other institutional investors own 13.15% of the company's stock.

Source Capital Trading Down 1.9 %

SOR traded down $0.81 on Thursday, reaching $40.91. 13,335 shares of the company traded hands, compared to its average volume of 12,340. Source Capital, Inc. has a one year low of $40.80 and a one year high of $47.91. The firm has a fifty day simple moving average of $42.13 and a two-hundred day simple moving average of $43.48.

Source Capital Cuts Dividend

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

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.