Short Interest in Source Capital, Inc. (NYSE:SOR) Decreases By 87.1%

Source Capital, Inc. (NYSE:SOR - Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 1,100 shares, a decrease of 87.1% from the September 15th total of 8,500 shares. Based on an average daily volume of 13,400 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Source Capital

Institutional investors and hedge funds have recently bought and sold shares of the company. Leo Wealth LLC acquired a new stake in Source Capital during the fourth quarter valued at $206,000. Private Advisor Group LLC acquired a new position in Source Capital in the first quarter valued at approximately $417,000. Lake Street Advisors Group LLC purchased a new stake in shares of Source Capital in the 2nd quarter valued at approximately $417,000. Sanctuary Advisors LLC purchased a new position in shares of Source Capital during the second quarter worth $583,000. Finally, Baltimore Washington Financial Advisors Inc. purchased a new stake in Source Capital during the second quarter worth about $662,000. 13.15% of the stock is owned by hedge funds and other institutional investors.

Source Capital Price Performance

Shares of SOR stock traded down $0.34 during trading hours on Thursday, reaching $43.95. 5,414 shares of the stock were exchanged, compared to its average volume of 13,271. The company's 50-day moving average price is $43.93 and its 200-day moving average price is $43.21. Source Capital has a 12-month low of $37.26 and a 12-month high of $47.91.

Source Capital Announces Dividend

The business also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 18th were given a dividend of $0.2083 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a yield of 5.68%.

About Source Capital

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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