Source Capital, Inc. (NYSE:SOR) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its position in shares of Source Capital, Inc. (NYSE:SOR) by 1.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,135 shares of the financial services provider’s stock after acquiring an additional 224 shares during the quarter. Thrivent Financial for Lutherans owned about 0.20% of Source Capital worth $718,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Private Advisor Group LLC increased its position in Source Capital by 3.5% during the 3rd quarter. Private Advisor Group LLC now owns 9,314 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 319 shares in the last quarter. Lake Street Advisors Group LLC acquired a new stake in shares of Source Capital in the second quarter worth $417,000. Sanctuary Advisors LLC purchased a new position in shares of Source Capital in the 2nd quarter valued at $583,000. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Source Capital by 220.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 14,689 shares of the financial services provider’s stock valued at $654,000 after acquiring an additional 10,102 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. purchased a new stake in Source Capital during the 2nd quarter worth $662,000. 13.15% of the stock is currently owned by hedge funds and other institutional investors.

Source Capital Stock Performance

Shares of NYSE SOR opened at $45.40 on Wednesday. The stock has a fifty day moving average price of $44.37 and a 200 day moving average price of $43.88. Source Capital, Inc. has a 12-month low of $39.36 and a 12-month high of $47.91.

Source Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a dividend of $0.2083 per share. This represents a $2.50 annualized dividend and a yield of 5.51%. The ex-dividend date of this dividend is Monday, December 16th.

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.