Thomas J. Herzfeld Advisors Inc. Decreases Holdings in Source Capital, Inc. (NYSE:SOR)

Thomas J. Herzfeld Advisors Inc. reduced its position in shares of Source Capital, Inc. (NYSE:SOR) by 7.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,876 shares of the financial services provider’s stock after selling 4,564 shares during the quarter. Thomas J. Herzfeld Advisors Inc.’s holdings in Source Capital were worth $1,940,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Quad Cities Investment Group LLC grew its holdings in shares of Source Capital by 28.9% during the fourth quarter. Quad Cities Investment Group LLC now owns 5,703 shares of the financial services provider’s stock valued at $185,000 after buying an additional 1,278 shares during the last quarter. Raymond James & Associates bought a new position in shares of Source Capital during the fourth quarter valued at about $214,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of Source Capital by 184.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 14,975 shares of the financial services provider’s stock valued at $487,000 after purchasing an additional 9,714 shares in the last quarter. AMI Investment Management Inc. lifted its position in shares of Source Capital by 32.4% during the fourth quarter. AMI Investment Management Inc. now owns 33,913 shares of the financial services provider’s stock valued at $1,104,000 after purchasing an additional 8,290 shares in the last quarter. Finally, Geode Capital Management LLC bought a new position in shares of Source Capital during the fourth quarter valued at about $235,000. 45.10% of the stock is owned by hedge funds and other institutional investors.

Shares of SOR traded down $0.11 during trading hours on Friday, reaching $35.61. 626 shares of the stock traded hands, compared to its average volume of 12,103. Source Capital, Inc. has a 52 week low of $30.01 and a 52 week high of $40.95.

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Thursday, May 30th.

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Source Capital Company 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.

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Institutional Ownership by Quarter for Source Capital (NYSE:SOR)

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