Cary Street Partners Investment Advisory LLC Buys 1,700 Shares of Source Capital, Inc. (NYSE:SOR)

Cary Street Partners Investment Advisory LLC increased its position in Source Capital, Inc. (NYSE:SOR) by 45.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,450 shares of the financial services provider’s stock after buying an additional 1,700 shares during the period. Cary Street Partners Investment Advisory LLC’s holdings in Source Capital were worth $235,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in Source Capital in the fourth quarter valued at approximately $807,000. Raymond James & Associates lifted its holdings in shares of Source Capital by 6.6% in the 4th quarter. Raymond James & Associates now owns 48,529 shares of the financial services provider’s stock worth $1,959,000 after purchasing an additional 3,011 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in Source Capital in the 4th quarter valued at $1,110,000. AQR Arbitrage LLC increased its stake in Source Capital by 34.8% during the 3rd quarter. AQR Arbitrage LLC now owns 14,249 shares of the financial services provider’s stock valued at $550,000 after purchasing an additional 3,675 shares in the last quarter. Finally, Pecaut & CO. raised its holdings in Source Capital by 1.4% during the third quarter. Pecaut & CO. now owns 36,718 shares of the financial services provider’s stock worth $1,417,000 after buying an additional 499 shares during the last quarter. 13.15% of the stock is owned by institutional investors.

Source Capital Trading Up 0.9 %

Shares of NYSE SOR opened at $41.81 on Thursday. The company has a 50-day moving average price of $41.73 and a 200-day moving average price of $40.40. Source Capital, Inc. has a 1 year low of $36.48 and a 1 year high of $42.92.

Source Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.2083 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $2.50 dividend on an annualized basis and a yield of 5.98%.

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.