Pecaut & CO. Sells 3,081 Shares of Source Capital, Inc. (NYSE:SOR)

Pecaut & CO. lowered its position in Source Capital, Inc. (NYSE:SOR) by 17.6% during the 4th quarter, Holdings Channel reports. The fund owned 14,386 shares of the financial services provider’s stock after selling 3,081 shares during the period. Pecaut & CO.’s holdings in Source Capital were worth $626,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its holdings in Source Capital by 1.4% in the third 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 in the last quarter. Lake Street Advisors Group LLC raised its stake in shares of Source Capital by 3.4% in the fourth quarter. Lake Street Advisors Group LLC now owns 15,426 shares of the financial services provider’s stock worth $712,000 after purchasing an additional 511 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its stake in shares of Source Capital by 0.8% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 77,073 shares of the financial services provider’s stock worth $3,352,000 after purchasing an additional 630 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of Source Capital by 7.0% in the third quarter. Sanctuary Advisors LLC now owns 15,059 shares of the financial services provider’s stock worth $665,000 after purchasing an additional 988 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of Source Capital by 6.7% in the fourth quarter. Park Avenue Securities LLC now owns 17,416 shares of the financial services provider’s stock worth $757,000 after purchasing 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 Source Capital stock opened at $41.76 on Friday. Source Capital, Inc. has a 52 week low of $41.00 and a 52 week high of $47.91. The business has a 50 day moving average price of $42.33 and a 200-day moving average price of $43.64.

Source Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.2083 dividend. This represents a $2.50 annualized dividend and a dividend yield of 5.99%. The ex-dividend date of this dividend is Friday, March 14th.

Source Capital Company Profile

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.