Source Capital, Inc. (NYSE:SOR) Short Interest Update

Source Capital, Inc. (NYSE:SOR) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 9,400 shares, an increase of 104.3% from the January 31st total of 4,600 shares. Based on an average trading volume of 13,500 shares, the short-interest ratio is presently 0.7 days.

Source Capital Trading Up 0.3 %

SOR traded up $0.13 on Friday, hitting $42.51. The company had a trading volume of 10,372 shares, compared to its average volume of 15,227. Source Capital has a 12-month low of $40.83 and a 12-month high of $47.91. The business’s fifty day simple moving average is $42.88 and its 200 day simple moving average is $43.84.

Source Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders 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 5.88%. The ex-dividend date is Friday, March 14th.

Institutional Trading of Source Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp purchased a new position in Source Capital during the fourth quarter worth $206,000. Cary Street Partners Financial LLC purchased a new position in shares of Source Capital during the 4th quarter worth about $242,000. Congress Wealth Management LLC DE purchased a new position in shares of Source Capital during the 4th quarter worth about $357,000. Private Advisor Group LLC grew its holdings in Source Capital by 3.5% during the 3rd 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. Finally, Sanctuary Advisors LLC raised its position 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 worth $665,000 after purchasing an additional 988 shares during the period. Hedge funds and other institutional investors own 13.15% of the company’s stock.

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.