Shaker Financial Services LLC Sells 42,063 Shares of Source Capital, Inc. (NYSE:SOR)

Shaker Financial Services LLC lowered its stake in shares of Source Capital, Inc. (NYSE:SOR - Free Report) by 70.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 18,038 shares of the financial services provider's stock after selling 42,063 shares during the period. Shaker Financial Services LLC owned approximately 0.22% of Source Capital worth $784,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in SOR. Raymond James Financial Inc. bought a new position in Source Capital during the fourth quarter valued at about $2,231,000. Invesco Ltd. increased its position in shares of Source Capital by 40.6% during the fourth quarter. Invesco Ltd. now owns 24,944 shares of the financial services provider's stock valued at $1,085,000 after purchasing an additional 7,198 shares during the period. DKM Wealth Management Inc. acquired a new position in shares of Source Capital in the fourth quarter valued at $11,931,000. Congress Wealth Management LLC DE bought a new position in Source Capital in the fourth quarter worth $357,000. Finally, Mesirow Financial Investment Management Inc. boosted its stake in Source Capital by 0.8% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 77,073 shares of the financial services provider's stock worth $3,352,000 after buying an additional 630 shares in the last quarter. Institutional investors and hedge funds own 13.15% of the company's stock.

Source Capital Trading Down 0.6 %

Shares of SOR stock traded down $0.23 during mid-day trading on Friday, reaching $41.29. The company's stock had a trading volume of 7,104 shares, compared to its average volume of 12,838. The firm's 50-day moving average is $41.48 and its two-hundred day moving average is $43.05. Source Capital, Inc. has a 1-year low of $38.66 and a 1-year high of $47.91.

Source Capital Cuts Dividend

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

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.