Sanctuary Advisors LLC Buys Shares of 14,071 Source Capital, Inc. (NYSE:SOR)

Sanctuary Advisors LLC purchased a new position in Source Capital, Inc. (NYSE:SOR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,071 shares of the financial services provider's stock, valued at approximately $583,000. Sanctuary Advisors LLC owned approximately 0.17% of Source Capital as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SOR. D.A. Davidson & CO. grew its holdings in shares of Source Capital by 9.1% during the second quarter. D.A. Davidson & CO. now owns 138,536 shares of the financial services provider's stock worth $6,132,000 after buying an additional 11,518 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in shares of Source Capital by 0.9% during the second quarter. Mesirow Financial Investment Management Inc. now owns 75,812 shares of the financial services provider's stock worth $3,356,000 after buying an additional 640 shares in the last quarter. Baltimore Washington Financial Advisors Inc. purchased a new stake in shares of Source Capital in the second quarter valued at about $662,000. Private Advisor Group LLC purchased a new stake in shares of Source Capital in the first quarter valued at about $417,000. Finally, Lake Street Advisors Group LLC purchased a new stake in shares of Source Capital in the second quarter valued at about $417,000. Hedge funds and other institutional investors own 13.15% of the company's stock.

Source Capital Trading Down 0.9 %

Shares of SOR traded down $0.38 during mid-day trading on Tuesday, reaching $43.83. The stock had a trading volume of 5,610 shares, compared to its average volume of 13,159. Source Capital, Inc. has a 52-week low of $37.26 and a 52-week high of $47.91. The business's fifty day moving average is $43.99 and its 200 day moving average is $43.26.

Source Capital Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 18th were issued a $0.2083 dividend. This represents a dividend yield of 5.68%. The ex-dividend date of this dividend was Tuesday, September 17th.

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.