5,107 Shares in Source Capital, Inc. (NYSE:SOR) Acquired by Leo Wealth LLC

Leo Wealth LLC bought a new stake in Source Capital, Inc. (NYSE:SOR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,107 shares of the financial services provider’s stock, valued at approximately $206,000. Leo Wealth LLC owned about 0.06% of Source Capital as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SOR. D.A. Davidson & CO. boosted its holdings in shares of Source Capital by 6.6% in the fourth quarter. D.A. Davidson & CO. now owns 123,103 shares of the financial services provider’s stock valued at $4,970,000 after acquiring an additional 7,572 shares in the last quarter. Raymond James & Associates raised its position in Source Capital by 6.6% during the fourth quarter. Raymond James & Associates now owns 48,529 shares of the financial services provider’s stock worth $1,959,000 after acquiring an additional 3,011 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Source Capital in the fourth quarter valued at about $1,110,000. International Assets Investment Management LLC acquired a new stake in shares of Source Capital in the fourth quarter valued at approximately $807,000. Finally, AQR Arbitrage LLC increased its stake in shares of Source Capital by 34.8% during the 3rd quarter. AQR Arbitrage LLC now owns 14,249 shares of the financial services provider’s stock worth $550,000 after purchasing an additional 3,675 shares in the last quarter. 13.15% of the stock is owned by institutional investors and hedge funds.

Source Capital Stock Up 0.5 %

SOR stock opened at $43.37 on Tuesday. The stock’s 50 day moving average price is $42.38 and its 200 day moving average price is $41.34. Source Capital, Inc. has a 1 year low of $37.26 and a 1 year high of $47.91.

Source Capital Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 18th will be paid a dividend of $0.2083 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date is Tuesday, June 18th.

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.