Park Avenue Securities LLC Boosts Stock Holdings in Source Capital, Inc. (NYSE:SOR)

Park Avenue Securities LLC grew its position in shares of Source Capital, Inc. (NYSE:SOR) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,416 shares of the financial services provider’s stock after buying an additional 1,092 shares during the quarter. Park Avenue Securities LLC owned 0.21% of Source Capital worth $757,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in SOR. Sanctuary Advisors LLC boosted its holdings in Source Capital by 7.0% in the third quarter. Sanctuary Advisors LLC now owns 15,059 shares of the financial services provider’s stock worth $665,000 after purchasing an additional 988 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Source Capital by 9.5% in the third quarter. D.A. Davidson & CO. now owns 151,688 shares of the financial services provider’s stock worth $6,754,000 after purchasing an additional 13,152 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Source Capital by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 16,135 shares of the financial services provider’s stock worth $718,000 after purchasing an additional 224 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its holdings in Source Capital by 0.8% in the third quarter. Mesirow Financial Investment Management Inc. now owns 76,443 shares of the financial services provider’s stock worth $3,404,000 after purchasing an additional 631 shares during the last quarter. Finally, Shaker Financial Services LLC boosted its holdings in Source Capital by 1,227.3% in the third quarter. Shaker Financial Services LLC now owns 60,101 shares of the financial services provider’s stock worth $2,676,000 after purchasing an additional 55,573 shares during the last quarter. Hedge funds and other institutional investors own 13.15% of the company’s stock.

Source Capital Trading Up 0.6 %

SOR opened at $42.42 on Wednesday. Source Capital, Inc. has a 1-year low of $39.50 and a 1-year high of $47.91. The firm’s 50 day simple moving average is $44.30 and its two-hundred day simple moving average is $44.09.

Source Capital Increases Dividend

The company also recently disclosed a — dividend, which was paid on Thursday, January 9th. Stockholders of record on Monday, December 30th were given a dividend of $2.6584 per share. This represents a dividend yield of 5.9%. This is an increase from Source Capital’s previous — dividend of $2.59. The ex-dividend date was Monday, December 30th.

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.