Source Capital, Inc. (NYSE:SOR - Get Free Report)'s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $43.88 and traded as low as $42.05. Source Capital shares last traded at $42.05, with a volume of 10,531 shares trading hands.
Source Capital Stock Performance
The company has a 50 day simple moving average of $43.81 and a 200 day simple moving average of $43.96.
Source Capital Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.2083 per share. This represents a $2.50 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date of this dividend is Friday, March 14th.
Hedge Funds Weigh In On Source Capital
Several institutional investors and hedge funds have recently added to or reduced their stakes in SOR. Private Advisor Group LLC increased its holdings in shares of Source Capital by 3.5% during the third quarter. Private Advisor Group LLC now owns 9,314 shares of the financial services provider's stock worth $415,000 after buying an additional 319 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Source Capital during the 2nd quarter worth $583,000. Hennion & Walsh Asset Management Inc. increased its holdings in Source Capital by 220.2% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 14,689 shares of the financial services provider's stock worth $654,000 after purchasing an additional 10,102 shares in the last quarter. Lake Street Advisors Group LLC raised its position in Source Capital by 58.3% in the third quarter. Lake Street Advisors Group LLC now owns 14,915 shares of the financial services provider's stock valued at $664,000 after purchasing an additional 5,495 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Source Capital by 1.4% during the third quarter. Thrivent Financial for Lutherans now owns 16,135 shares of the financial services provider's stock valued at $718,000 after purchasing an additional 224 shares in the last quarter. Institutional investors own 13.15% of the company's stock.
Source Capital Company Profile
(
Get 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.
Further Reading
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