Source Capital, Inc. (NYSE:SOR) Short Interest Down 50.0% in December

Source Capital, Inc. (NYSE:SOR - Get Free Report) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 1,600 shares, a decline of 50.0% from the December 15th total of 3,200 shares. Based on an average daily trading volume, of 11,800 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Source Capital

Hedge funds have recently modified their holdings of the company. D.A. Davidson & CO. boosted its stake in Source Capital by 9.5% during the third quarter. D.A. Davidson & CO. now owns 151,688 shares of the financial services provider's stock valued at $6,754,000 after buying an additional 13,152 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its position in shares of Source Capital by 0.8% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 76,443 shares of the financial services provider's stock valued at $3,404,000 after purchasing an additional 631 shares in the last quarter. Shaker Financial Services LLC grew its stake in shares of Source Capital by 1,227.3% in the 3rd quarter. Shaker Financial Services LLC now owns 60,101 shares of the financial services provider's stock worth $2,676,000 after purchasing an additional 55,573 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Source Capital by 4,352.5% in the 3rd quarter. International Assets Investment Management LLC now owns 22,040 shares of the financial services provider's stock worth $981,000 after purchasing an additional 21,545 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in 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 valued at $757,000 after purchasing an additional 1,092 shares during the last quarter. 13.15% of the stock is currently owned by institutional investors and hedge funds.

Source Capital Trading Up 0.3 %

Shares of NYSE:SOR traded up $0.14 during trading on Tuesday, reaching $42.70. The company had a trading volume of 34,453 shares, compared to its average volume of 28,407. The firm's fifty day moving average is $44.54 and its 200 day moving average is $44.13. Source Capital has a twelve month low of $39.36 and a twelve month high of $47.91.

Source Capital Increases Dividend

The company also recently announced a -- dividend, which was paid on Thursday, January 9th. Shareholders of record on Monday, December 30th were given a $2.6584 dividend. This represents a yield of 5.9%. This is an increase from Source Capital's previous -- dividend of $2.59. The ex-dividend date of this dividend was Monday, December 30th.

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.