NBC Securities Inc. Takes $40,000 Position in Source Capital, Inc. (NYSE:SOR)

NBC Securities Inc. bought a new stake in Source Capital, Inc. (NYSE:SOR) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 976 shares of the financial services provider’s stock, valued at approximately $40,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cary Street Partners Financial LLC acquired a new position in Source Capital during the 4th quarter worth approximately $242,000. Raymond James Financial Inc. acquired a new position in Source Capital during the 4th quarter worth approximately $2,231,000. Invesco Ltd. increased its position in Source Capital by 40.6% during the 4th quarter. Invesco Ltd. now owns 24,944 shares of the financial services provider’s stock worth $1,085,000 after purchasing an additional 7,198 shares in the last quarter. DKM Wealth Management Inc. acquired a new position in Source Capital during the 4th quarter worth approximately $11,931,000. Finally, Congress Wealth Management LLC DE acquired a new position in Source Capital during the 4th quarter worth approximately $357,000. 13.15% of the stock is currently owned by institutional investors and hedge funds.

Source Capital Price Performance

SOR opened at $42.64 on Friday. Source Capital, Inc. has a fifty-two week low of $38.66 and a fifty-two week high of $46.34. The company’s 50 day moving average price is $41.74 and its two-hundred day moving average price is $42.55.

Source Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Thursday, August 14th will be paid a $0.2083 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date of this dividend is Thursday, August 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.