Hennion & Walsh Asset Management Inc. raised its stake in shares of Source Capital, Inc. (NYSE:SOR - Free Report) by 77.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 26,081 shares of the financial services provider's stock after buying an additional 11,392 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.32% of Source Capital worth $1,134,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. Private Advisor Group LLC raised its position in shares of Source Capital by 3.5% during the 3rd quarter. Private Advisor Group LLC now owns 9,314 shares of the financial services provider's stock worth $415,000 after purchasing an additional 319 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Source Capital during the second quarter valued at approximately $583,000. Lake Street Advisors Group LLC lifted its position in shares of Source Capital by 58.3% in the third quarter. Lake Street Advisors Group LLC now owns 14,915 shares of the financial services provider's stock valued at $664,000 after acquiring an additional 5,495 shares in the last quarter. 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 last quarter. Finally, Park Avenue Securities LLC increased its position in shares of Source Capital by 6.7% during 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 in the last quarter. 13.15% of the stock is owned by institutional investors and hedge funds.
Source Capital Trading Up 1.9 %
SOR traded up $0.81 on Monday, hitting $42.75. 11,348 shares of the company's stock were exchanged, compared to its average volume of 10,797. Source Capital, Inc. has a fifty-two week low of $39.36 and a fifty-two week high of $47.91. The firm has a 50-day moving average price of $44.35 and a 200-day moving average price of $44.09.
Source Capital Increases Dividend
The firm also recently announced a -- dividend, which was paid on Thursday, January 9th. Shareholders of record on Monday, December 30th were paid a $2.6584 dividend. This represents a yield of 5.9%. This is a positive change from Source Capital's previous -- dividend of $2.59. The ex-dividend date of this dividend was Monday, December 30th.
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.
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