Chemistry Wealth Management LLC decreased its stake in Source Capital, Inc. (NYSE:SOR - Free Report) by 21.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,266 shares of the financial services provider's stock after selling 16,620 shares during the period. Source Capital makes up 0.7% of Chemistry Wealth Management LLC's investment portfolio, making the stock its 28th largest holding. Chemistry Wealth Management LLC owned 0.76% of Source Capital worth $2,772,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in SOR. Leo Wealth LLC purchased a new position in shares of Source Capital in the fourth quarter valued at $206,000. Belpointe Asset Management LLC purchased a new position in Source Capital during the 4th quarter valued at about $214,000. Private Advisor Group LLC acquired a new position in Source Capital during the first quarter worth about $417,000. Lake Street Advisors Group LLC purchased a new stake in shares of Source Capital in the second quarter valued at about $417,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Source Capital in the second quarter valued at approximately $583,000. Hedge funds and other institutional investors own 13.15% of the company's stock.
Source Capital Trading Down 1.1 %
Shares of SOR traded down $0.50 during mid-day trading on Monday, reaching $43.79. 8,847 shares of the company's stock were exchanged, compared to its average volume of 13,291. Source Capital, Inc. has a 52-week low of $37.26 and a 52-week high of $47.91. The company has a 50-day simple moving average of $43.91 and a two-hundred day simple moving average of $43.17.
Source Capital Announces Dividend
The business also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 18th were issued a $0.2083 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a dividend yield of 5.68%.
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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