Commonwealth Equity Services Inc purchased a new stake in Source Capital, Inc. (NYSE:SOR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,008 shares of the financial services provider’s stock, valued at approximately $201,000. Commonwealth Equity Services Inc owned about 0.06% of Source Capital as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in shares of Source Capital by 12.8% in the 2nd quarter. Royal Bank of Canada now owns 11,301 shares of the financial services provider’s stock valued at $437,000 after buying an additional 1,284 shares during the period. Deschutes Portfolio Strategy LLC raised its holdings in shares of Source Capital by 1.2% in 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 buying an additional 1,819 shares during the period. HighTower Advisors LLC raised its holdings in shares of Source Capital by 33.9% in the 2nd quarter. HighTower Advisors LLC now owns 16,912 shares of the financial services provider’s stock valued at $653,000 after buying an additional 4,277 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Source Capital by 16.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 31,533 shares of the financial services provider’s stock valued at $1,219,000 after buying an additional 4,373 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of Source Capital by 13.2% in 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 buying an additional 5,339 shares during the period. Hedge funds and other institutional investors own 13.01% of the company’s stock.

Source Capital, Inc. (NYSE SOR) traded up $0.05 during mid-day trading on Wednesday, hitting $39.66. The company had a trading volume of 24,700 shares, compared to its average volume of 20,348. Source Capital, Inc. has a 52-week low of $35.41 and a 52-week high of $41.33.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.96 annualized dividend and a dividend yield of 2.42%.

In related news, VP Thomas H. Atteberry purchased 1,000 shares of the business’s stock in a transaction on Tuesday, September 26th. The shares were bought at an average price of $40.08 per share, for a total transaction of $40,080.00. Following the acquisition, the vice president now directly owns 2,000 shares in the company, valued at $80,160. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas H. Atteberry purchased 1,500 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were bought at an average price of $40.35 per share, for a total transaction of $60,525.00. Following the acquisition, the vice president now owns 3,500 shares in the company, valued at $141,225. The disclosure for this purchase can be found here. Insiders purchased a total of 3,380 shares of company stock worth $136,476 in the last quarter. Company insiders own 78.47% of the company’s stock.

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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.

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

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