Source Capital, Inc. (NYSE:SOR) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC decreased its holdings in shares of Source Capital, Inc. (NYSE:SOR) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,582 shares of the financial services provider’s stock after selling 242 shares during the period. Park Avenue Securities LLC owned approximately 0.21% of Source Capital worth $747,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Leo Wealth LLC purchased a new position in Source Capital in the fourth quarter worth $206,000. International Assets Investment Management LLC purchased a new position in Source Capital in the fourth quarter valued at about $807,000. D.A. Davidson & CO. lifted its position in shares of Source Capital by 6.6% during the 4th 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 during the period. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Source Capital by 45.3% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 5,450 shares of the financial services provider’s stock worth $235,000 after acquiring an additional 1,700 shares in the last quarter. Finally, AQR Arbitrage LLC grew its holdings in shares of Source Capital by 34.8% in the 3rd quarter. AQR Arbitrage LLC now owns 14,249 shares of the financial services provider’s stock worth $550,000 after acquiring an additional 3,675 shares during the period. 13.15% of the stock is owned by institutional investors and hedge funds.

Source Capital Stock Up 1.4 %

Shares of SOR stock opened at $43.68 on Friday. The stock has a fifty day moving average price of $42.68 and a 200 day moving average price of $41.50. Source Capital, Inc. has a 1 year low of $37.26 and a 1 year high of $47.91.

Source Capital Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be given a $0.2083 dividend. The ex-dividend date is Tuesday, June 18th. This represents a dividend yield of 5.76%.

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.