Source Capital (SOR) Hits New 12-Month Low at $33.42

Source Capital, Inc. (NYSE:SOR) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $33.42 and last traded at $33.55, with a volume of 1002 shares traded. The stock had previously closed at $34.31.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 15th. Shareholders of record on Friday, November 30th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.00%.

Several large investors have recently made changes to their positions in the business. Bulldog Investors LLC grew its position in shares of Source Capital by 26.4% during the 3rd quarter. Bulldog Investors LLC now owns 230,615 shares of the financial services provider’s stock worth $9,271,000 after purchasing an additional 48,206 shares in the last quarter. Albion Financial Group UT acquired a new position in shares of Source Capital during the 3rd quarter worth approximately $251,000. Envestnet Asset Management Inc. acquired a new position in shares of Source Capital during the 3rd quarter worth approximately $206,000. D.A. Davidson & CO. grew its position in shares of Source Capital by 4.5% during the 3rd quarter. D.A. Davidson & CO. now owns 60,232 shares of the financial services provider’s stock worth $2,421,000 after purchasing an additional 2,569 shares in the last quarter. Finally, Shaker Financial Services LLC grew its position in shares of Source Capital by 13.6% during the 3rd quarter. Shaker Financial Services LLC now owns 255,882 shares of the financial services provider’s stock worth $10,286,000 after purchasing an additional 30,705 shares in the last quarter. Hedge funds and other institutional investors own 47.06% of the company’s stock.

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Source Capital Company Profile (NYSE:SOR)

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.

Further Reading: Dividend Aristocrat Index

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