Source Capital, Inc. $SOR Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. lowered its position in shares of Source Capital, Inc. (NYSE:SOR) by 51.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,751 shares of the financial services provider’s stock after selling 39,503 shares during the period. Mesirow Financial Investment Management Inc. owned approximately 0.46% of Source Capital worth $1,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Diversified Management Inc. purchased a new position in Source Capital in the fourth quarter worth approximately $5,344,000. Shaker Financial Services LLC raised its position in Source Capital by 108.9% in the fourth quarter. Shaker Financial Services LLC now owns 19,324 shares of the financial services provider’s stock valued at $884,000 after purchasing an additional 10,073 shares during the period. Capital Investment Counsel Inc acquired a new position in shares of Source Capital in the 3rd quarter valued at $451,000. DKM Wealth Management Inc. lifted its stake in shares of Source Capital by 3.2% in the 4th quarter. DKM Wealth Management Inc. now owns 294,862 shares of the financial services provider’s stock valued at $13,493,000 after purchasing an additional 9,225 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Source Capital by 120.1% during the 2nd quarter. Osaic Holdings Inc. now owns 11,811 shares of the financial services provider’s stock worth $512,000 after purchasing an additional 6,445 shares during the period. Hedge funds and other institutional investors own 13.15% of the company’s stock.

Source Capital Price Performance

Shares of NYSE:SOR opened at $45.98 on Friday. The business has a 50-day moving average price of $46.12 and a 200 day moving average price of $46.88. Source Capital, Inc. has a 12-month low of $41.50 and a 12-month high of $50.41.

Source Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.2083 per share. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Thursday, August 13th.

About Source Capital

Source Capital Inc is an externally managed specialty finance company that provides flexible financing solutions to U.S. middle-market companies. Structured as a closed-end investment company, it focuses on investing in both debt and equity securities of businesses seeking growth capital, refinancing, acquisitions, recapitalizations and other strategic initiatives.

The company’s investment strategy encompasses senior secured loans, unitranche facilities, second-lien financings, mezzanine debt and equity co-investments.