Concurrent Investment Advisors LLC Buys New Position in Source Capital, Inc. (NYSE:SOR)

Concurrent Investment Advisors LLC bought a new stake in Source Capital, Inc. (NYSE:SOR) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 16,366 shares of the financial services provider’s stock, valued at approximately $712,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC raised its holdings in shares of 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 valued at $415,000 after purchasing an additional 319 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Source Capital by 220.2% in 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 during the last quarter. Sanctuary Advisors LLC increased its stake in Source Capital by 7.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,059 shares of the financial services provider’s stock valued at $665,000 after buying an additional 988 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of 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 boosted its stake in shares of Source Capital by 6.7% during the 4th 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 last quarter. Institutional investors and hedge funds own 13.15% of the company’s stock.

Source Capital Stock Down 0.8 %

NYSE:SOR opened at $42.45 on Monday. Source Capital, Inc. has a 52-week low of $40.41 and a 52-week high of $47.91. The stock’s 50-day simple moving average is $43.12 and its 200 day simple moving average is $43.88.

Source Capital Announces Dividend

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

About Source Capital

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.