D.A. Davidson & CO. Raises Stock Position in Source Capital, Inc. (NYSE:SOR)

D.A. Davidson & CO. lifted its stake in Source Capital, Inc. (NYSE:SOR) by 9.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 151,688 shares of the financial services provider’s stock after purchasing an additional 13,152 shares during the period. D.A. Davidson & CO. owned 1.85% of Source Capital worth $6,754,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SOR. Private Advisor Group LLC lifted its holdings in Source Capital by 3.5% in 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 during the period. Lake Street Advisors Group LLC bought a new position in Source Capital in the second quarter worth $417,000. Sanctuary Advisors LLC purchased a new position in Source Capital during the second quarter valued at $583,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Source Capital by 220.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 14,689 shares of the financial services provider’s stock valued at $654,000 after buying an additional 10,102 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. purchased a new stake in shares of Source Capital in the 2nd quarter worth about $662,000. Institutional investors own 13.15% of the company’s stock.

Source Capital Price Performance

Shares of NYSE SOR opened at $44.95 on Thursday. Source Capital, Inc. has a 1 year low of $39.36 and a 1 year high of $47.91. The firm has a 50-day moving average of $44.27 and a 200 day moving average of $43.80.

Source Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be paid a $0.2083 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.50 annualized dividend and a dividend yield of 5.56%.

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.