Shares of Source Capital, Inc. (NYSE:SOR - Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $41.69 and traded as low as $39.55. Source Capital shares last traded at $41.10, with a volume of 26,264 shares traded.
Source Capital Stock Performance
The company has a 50 day simple moving average of $41.55 and a two-hundred day simple moving average of $43.08.
Source Capital Cuts Dividend
The business also recently declared a -- dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a $0.2083 dividend. This represents a yield of 6%. The ex-dividend date of this dividend is Thursday, May 15th.
Institutional Investors Weigh In On Source Capital
Several hedge funds and other institutional investors have recently made changes to their positions in SOR. Lake Street Advisors Group LLC lifted its holdings in Source Capital by 3.4% in the fourth quarter. Lake Street Advisors Group LLC now owns 15,426 shares of the financial services provider's stock valued at $712,000 after acquiring an additional 511 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its stake in shares of Source Capital by 0.8% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 77,073 shares of the financial services provider's stock valued at $3,352,000 after purchasing an additional 630 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Source Capital during the 1st quarter worth $40,000. Sanctuary Advisors LLC increased its position in shares of Source Capital by 7.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,059 shares of the financial services provider's stock worth $665,000 after purchasing an additional 988 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in Source Capital by 6.7% in the 4th quarter. Park Avenue Securities LLC now owns 17,416 shares of the financial services provider's stock valued at $757,000 after buying an additional 1,092 shares during the period. Institutional investors and hedge funds 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.
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