International Assets Investment Management LLC Makes New $807,000 Investment in Source Capital, Inc. (NYSE:SOR)

International Assets Investment Management LLC bought a new position in Source Capital, Inc. (NYSE:SOR) during the fourth quarter, HoldingsChannel.com reports. The fund bought 19,986 shares of the financial services provider’s stock, valued at approximately $807,000.

Several other hedge funds have also recently made changes to their positions in SOR. Blue Bell Private Wealth Management LLC increased its stake in Source Capital by 5.1% during the third quarter. Blue Bell Private Wealth Management LLC now owns 8,369 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 403 shares during the last quarter. Pecaut & CO. boosted its holdings in shares of Source Capital by 1.4% in the 3rd quarter. Pecaut & CO. now owns 36,718 shares of the financial services provider’s stock worth $1,417,000 after purchasing an additional 499 shares during the period. Raymond James & Associates increased its position in shares of Source Capital by 2.0% during the 3rd quarter. Raymond James & Associates now owns 45,518 shares of the financial services provider’s stock valued at $1,757,000 after purchasing an additional 878 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Source Capital during the 3rd quarter valued at approximately $36,000. Finally, AQR Arbitrage LLC raised its holdings 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 buying an additional 3,675 shares during the period. 13.15% of the stock is currently owned by hedge funds and other institutional investors.

Source Capital Stock Up 0.5 %

NYSE SOR opened at $41.80 on Wednesday. Source Capital, Inc. has a 52 week low of $36.48 and a 52 week high of $42.92. The company has a fifty day moving average of $41.60 and a two-hundred day moving average of $40.28.

Source Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 30th. Investors 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 dividend yield of 5.98%.

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.