Capital Investment Counsel Inc Has $425,000 Holdings in Source Capital, Inc. (NYSE:SOR)

Capital Investment Counsel Inc trimmed its holdings in shares of Source Capital, Inc. (NYSE:SOR) by 13.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,518 shares of the financial services provider’s stock after selling 1,606 shares during the quarter. Capital Investment Counsel Inc owned 0.13% of Source Capital worth $425,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of SOR. Anchor Investment Management LLC acquired a new stake in shares of Source Capital in the 4th quarter valued at about $1,110,000. International Assets Investment Management LLC bought a new position in Source Capital in the fourth quarter valued at $807,000. Baltimore Washington Financial Advisors Inc. bought a new stake in Source Capital during the 3rd quarter worth about $577,000. D.A. Davidson & CO. boosted its stake in shares of Source Capital by 6.2% during the 3rd quarter. D.A. Davidson & CO. now owns 115,531 shares of the financial services provider’s stock worth $4,458,000 after buying an additional 6,717 shares during the last quarter. Finally, AQR Arbitrage LLC increased its position in shares of Source Capital by 34.8% during the 3rd quarter. AQR Arbitrage LLC now owns 14,249 shares of the financial services provider’s stock worth $550,000 after purchasing an additional 3,675 shares during the last quarter. 13.15% of the stock is owned by institutional investors.

Source Capital Stock Performance

Source Capital stock opened at $41.43 on Tuesday. The company’s 50-day moving average is $41.68 and its 200-day moving average is $40.37. Source Capital, Inc. has a fifty-two week low of $36.48 and a fifty-two week high of $42.92.

Source Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.2083 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date is Thursday, August 15th.

Source Capital 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.