Thomas H. Atteberry Buys 1,500 Shares of Source Capital, Inc. (SOR) Stock

Source Capital, Inc. (NYSE:SOR) VP Thomas H. Atteberry bought 1,500 shares of Source Capital stock in a transaction dated Monday, October 2nd. The shares were acquired at an average cost of $40.35 per share, with a total value of $60,525.00. Following the completion of the purchase, the vice president now owns 3,500 shares in the company, valued at $141,225. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Source Capital, Inc. (NYSE SOR) opened at 40.09 on Thursday. Source Capital, Inc. has a 52 week low of $35.10 and a 52 week high of $41.24. The stock’s 50 day moving average price is $39.43 and its 200 day moving average price is $38.68.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Wednesday, August 23rd.

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Several large investors have recently added to or reduced their stakes in SOR. Blue Bell Private Wealth Management LLC lifted its stake in shares of Source Capital by 199.6% in the second quarter. Blue Bell Private Wealth Management LLC now owns 4,718 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 3,143 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Source Capital by 12.8% in the second quarter. Royal Bank of Canada now owns 11,301 shares of the financial services provider’s stock worth $437,000 after acquiring an additional 1,284 shares in the last quarter. HL Financial Services LLC lifted its stake in shares of Source Capital by 179.0% in the second quarter. HL Financial Services LLC now owns 15,430 shares of the financial services provider’s stock worth $596,000 after acquiring an additional 9,900 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Source Capital by 33.9% in the second quarter. HighTower Advisors LLC now owns 16,912 shares of the financial services provider’s stock worth $653,000 after acquiring an additional 4,277 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Source Capital by 16.1% in the second quarter. Ameriprise Financial Inc. now owns 31,533 shares of the financial services provider’s stock worth $1,219,000 after acquiring an additional 4,373 shares in the last quarter. Institutional investors and hedge funds own 13.86% of the company’s stock.

Source Capital Company Profile

Source Capital, Inc (the Fund) is a diversified, closed-end management investment company. The investment objective of the Fund is to seek maximum total return for Common shareholders from both capital appreciation and investment income to the extent consistent with protection of invested capital. The Fund’s investments include semiconductor devices, advertising and marketing, life science equipment, exploration and production, commercial mortgage-backed securities, insurance brokers, communications equipment, electrical power equipment, food and drug stores, corporate bonds and notes, residential mortgage-backed securities, asset-backed securities, corporate bank debt, other common stocks and electrical components.

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