Source Capital, Inc. $SOR Stake Raised by Invesco Ltd.

Invesco Ltd. increased its holdings in Source Capital, Inc. (NYSE:SOR) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,729 shares of the financial services provider’s stock after acquiring an additional 785 shares during the period. Invesco Ltd. owned about 0.31% of Source Capital worth $1,068,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Mesirow Financial Investment Management Inc. increased its position in Source Capital by 0.6% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 77,535 shares of the financial services provider’s stock worth $3,218,000 after purchasing an additional 462 shares during the last quarter. NBC Securities Inc. acquired a new position in Source Capital in the 1st quarter worth about $40,000. Cornerstone Advisors LLC acquired a new position in Source Capital in the 1st quarter worth about $120,000. Cary Street Partners Financial LLC acquired a new position in Source Capital in the 4th quarter worth about $242,000. Finally, Hennion & Walsh Asset Management Inc. increased its position in Source Capital by 23.9% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 32,305 shares of the financial services provider’s stock worth $1,341,000 after purchasing an additional 6,224 shares during the last quarter. 13.15% of the stock is owned by institutional investors and hedge funds.

Source Capital Stock Down 0.0%

Shares of SOR stock opened at $44.49 on Wednesday. Source Capital, Inc. has a fifty-two week low of $38.66 and a fifty-two week high of $46.34. The stock’s 50-day moving average is $43.87 and its two-hundred day moving average is $42.57.

Source Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Thursday, October 16th will be given a $0.2083 dividend. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Thursday, October 16th.

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.