Source Capital, Inc. (NYSE:SOR) Shares Acquired by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC lifted its holdings in shares of Source Capital, Inc. (NYSE:SOR) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,426 shares of the financial services provider’s stock after buying an additional 511 shares during the period. Lake Street Advisors Group LLC owned 0.19% of Source Capital worth $712,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SOR. Private Advisor Group LLC grew 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 valued at $415,000 after purchasing an additional 319 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Source Capital by 7.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,059 shares of the financial services provider’s stock valued at $665,000 after purchasing an additional 988 shares during the period. Concurrent Investment Advisors LLC bought a new position in Source Capital during the 4th quarter worth $712,000. Thrivent Financial for Lutherans grew its stake in Source Capital by 1.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 16,135 shares of the financial services provider’s stock worth $718,000 after buying an additional 224 shares during the last quarter. Finally, Park Avenue Securities LLC increased its position in Source Capital by 6.7% in the fourth quarter. Park Avenue Securities LLC now owns 17,416 shares of the financial services provider’s stock worth $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 Price Performance

Shares of SOR opened at $42.42 on Thursday. The firm has a fifty day moving average of $42.97 and a 200-day moving average of $43.86. Source Capital, Inc. has a 1 year low of $40.57 and a 1 year high of $47.91.

Source Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.2083 per share. This represents a $2.50 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date is Friday, March 14th.

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.