D.A. Davidson & CO. grew its position in shares of Source Capital, Inc. (NYSE:SOR) by 25.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 33,711 shares of the financial services provider’s stock after acquiring an additional 6,832 shares during the quarter. D.A. Davidson & CO.’s holdings in Source Capital were worth $1,302,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Deschutes Portfolio Strategy LLC boosted its position in shares of Source Capital by 1.2% during the 2nd quarter. Deschutes Portfolio Strategy LLC now owns 156,799 shares of the financial services provider’s stock valued at $6,060,000 after acquiring an additional 1,819 shares during the last quarter. Shaker Financial Services LLC boosted its position in shares of Source Capital by 15.0% during the 2nd quarter. Shaker Financial Services LLC now owns 132,887 shares of the financial services provider’s stock valued at $5,136,000 after acquiring an additional 17,353 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Source Capital by 13.2% during the 2nd quarter. First Trust Advisors LP now owns 45,692 shares of the financial services provider’s stock valued at $1,766,000 after acquiring an additional 5,339 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Source Capital by 16.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 31,533 shares of the financial services provider’s stock valued at $1,219,000 after acquiring an additional 4,373 shares during the last quarter. Finally, HL Financial Services LLC boosted its position in shares of Source Capital by 179.0% during the 2nd quarter. HL Financial Services LLC now owns 15,430 shares of the financial services provider’s stock valued at $596,000 after acquiring an additional 9,900 shares during the last quarter. Hedge funds and other institutional investors own 13.86% of the company’s stock.

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Source Capital, Inc. (NYSE SOR) opened at 39.93 on Friday. The stock’s 50 day moving average price is $39.22 and its 200-day moving average price is $38.49. Source Capital, Inc. has a 52-week low of $35.10 and a 52-week high of $40.14.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Wednesday, August 23rd.

Source Capital Profile

Source Capital, Inc (the Fund) is a diversified, closed-end management investment company. The investment objective of the Fund is to seek maximum total return for Common shareholders from both capital appreciation and investment income to the extent consistent with protection of invested capital. The Fund’s investments include semiconductor devices, advertising and marketing, life science equipment, exploration and production, commercial mortgage-backed securities, insurance brokers, communications equipment, electrical power equipment, food and drug stores, corporate bonds and notes, residential mortgage-backed securities, asset-backed securities, corporate bank debt, other common stocks and electrical components.

Institutional Ownership by Quarter for Source Capital (NYSE:SOR)

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