Hennion & Walsh Asset Management Inc. Sells 1,175 Shares of Source Capital, Inc. (NYSE:SOR)

Posted by Defense World Staff on Jul 2nd, 2024

Hennion & Walsh Asset Management Inc. lessened its holdings in Source Capital, Inc. (NYSE:SOR – Free Report) by 5.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,858 shares of the financial services provider’s stock after selling 1,175 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.26% of Source Capital worth $929,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SOR. Anchor Investment Management LLC bought a new position in Source Capital in the fourth quarter valued at approximately $1,110,000. International Assets Investment Management LLC acquired a new stake in shares of Source Capital during the 4th quarter worth approximately $807,000. D.A. Davidson & CO. increased its stake in 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 purchasing an additional 7,572 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in Source Capital during the 4th quarter worth approximately $214,000. Finally, Leo Wealth LLC acquired a new position in shares of Source Capital during the fourth quarter worth approximately $206,000. Institutional investors and hedge funds own 13.15% of the company’s stock.

Source Capital Price Performance

NYSE:SOR opened at $43.90 on Tuesday. The firm has a 50-day moving average of $42.78 and a 200-day moving average of $41.57. Source Capital, Inc. has a one year low of $37.26 and a one year high of $47.91.

Source Capital Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 19th were given a $0.2083 dividend. This represents a yield of 5.76%. The ex-dividend date was Tuesday, June 18th.

About Source Capital

(Free Report)

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.