D.A. Davidson & CO. Purchases 13,152 Shares of Source Capital, Inc. (NYSE:SOR)

D.A. Davidson & CO. raised its position in shares of Source Capital, Inc. (NYSE:SOR) by 9.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 151,688 shares of the financial services provider’s stock after purchasing an additional 13,152 shares during the quarter. D.A. Davidson & CO.’s holdings in Source Capital were worth $6,754,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Baltimore Washington Financial Advisors Inc. purchased a new stake in shares of Source Capital during the second quarter valued at approximately $662,000. Lake Street Advisors Group LLC purchased a new position in Source Capital in the 2nd quarter worth approximately $417,000. Mesirow Financial Investment Management Inc. lifted its position in Source Capital by 0.9% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 75,812 shares of the financial services provider’s stock valued at $3,356,000 after acquiring an additional 640 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Source Capital during the 2nd quarter valued at $583,000. Finally, Private Advisor Group LLC increased its holdings in shares of Source Capital by 3.5% in the 3rd quarter. Private Advisor Group LLC now owns 9,314 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 319 shares in the last quarter. 13.15% of the stock is owned by hedge funds and other institutional investors.

Source Capital Stock Performance

SOR stock 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 business has a fifty day moving average price of $44.27 and a 200-day moving average price of $43.80.

Source Capital Dividend Announcement

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

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.