Hara Capital LLC Sells 18,879 Shares of Source Capital, Inc. $SOR

Hara Capital LLC reduced its holdings in shares of Source Capital, Inc. (NYSE:SOR) by 17.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,465 shares of the financial services provider’s stock after selling 18,879 shares during the quarter. Source Capital makes up 2.3% of Hara Capital LLC’s investment portfolio, making the stock its 10th largest position. Hara Capital LLC’s holdings in Source Capital were worth $4,140,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SOR. First Trust Advisors LP lifted its holdings in shares of Source Capital by 2.0% in the second quarter. First Trust Advisors LP now owns 69,152 shares of the financial services provider’s stock valued at $2,999,000 after purchasing an additional 1,353 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Source Capital by 4.9% during the 2nd quarter. Raymond James Financial Inc. now owns 46,000 shares of the financial services provider’s stock worth $1,995,000 after purchasing an additional 2,165 shares in the last quarter. Anchor Investment Management LLC raised its position in shares of Source Capital by 6.4% during the 2nd quarter. Anchor Investment Management LLC now owns 32,285 shares of the financial services provider’s stock worth $1,400,000 after purchasing an additional 1,933 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of Source Capital by 120.1% during the 2nd quarter. Osaic Holdings Inc. now owns 11,811 shares of the financial services provider’s stock worth $512,000 after purchasing an additional 6,445 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in Source Capital in the 3rd quarter valued at approximately $60,000. Institutional investors and hedge funds own 13.15% of the company’s stock.

Source Capital Trading Up 3.4%

Shares of NYSE:SOR opened at $46.12 on Wednesday. The business’s fifty day moving average price is $47.44 and its two-hundred day moving average price is $46.70. Source Capital, Inc. has a one year low of $38.66 and a one year high of $50.41.

Source Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 14th will be given a $0.2083 dividend. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Thursday, May 14th.

Source Capital Profile

Source Capital Inc is an externally managed specialty finance company that provides flexible financing solutions to U.S. middle-market companies. Structured as a closed-end investment company, it focuses on investing in both debt and equity securities of businesses seeking growth capital, refinancing, acquisitions, recapitalizations and other strategic initiatives.

The company’s investment strategy encompasses senior secured loans, unitranche facilities, second-lien financings, mezzanine debt and equity co-investments.