Jones Financial Companies Lllp Makes New Investment in Source Capital, Inc. (NYSE:SOR)

Jones Financial Companies Lllp purchased a new position in shares of Source Capital, Inc. (NYSE:SOR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,748 shares of the financial services provider’s stock, valued at approximately $206,000. Jones Financial Companies Lllp owned about 0.06% of Source Capital as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC increased its stake in shares of Source Capital by 7.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,059 shares of the financial services provider’s stock valued at $665,000 after acquiring an additional 988 shares in the last quarter. Lake Street Advisors Group LLC increased its stake in Source Capital by 3.4% during the 4th quarter. Lake Street Advisors Group LLC now owns 15,426 shares of the financial services provider’s stock valued at $712,000 after purchasing an additional 511 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Source Capital by 1.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 16,135 shares of the financial services provider’s stock worth $718,000 after acquiring an additional 224 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in Source Capital during the 4th quarter worth $712,000. Finally, Park Avenue Securities LLC boosted its holdings in Source Capital by 6.7% during the 4th quarter. Park Avenue Securities LLC now owns 17,416 shares of the financial services provider’s stock worth $757,000 after acquiring an additional 1,092 shares during the last quarter. Institutional investors own 13.15% of the company’s stock.

Source Capital Price Performance

Shares of NYSE:SOR opened at $41.26 on Friday. The company’s 50-day moving average is $42.47 and its 200 day moving average is $43.76. Source Capital, Inc. has a fifty-two week low of $40.83 and a fifty-two week high of $47.91.

Source Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.2083 per share. This represents a $2.50 annualized dividend and a yield of 6.06%. The ex-dividend date of this dividend is Friday, March 14th.

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.