Chemistry Wealth Management LLC Has $2.50 Million Position in Source Capital, Inc. (NYSE:SOR)

Chemistry Wealth Management LLC lowered its position in shares of Source Capital, Inc. (NYSE:SOR) by 7.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,566 shares of the financial services provider’s stock after selling 4,700 shares during the quarter. Source Capital accounts for about 0.6% of Chemistry Wealth Management LLC’s investment portfolio, making the stock its 28th biggest holding. Chemistry Wealth Management LLC’s holdings in Source Capital were worth $2,504,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. grew its holdings in Source Capital by 77.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 26,081 shares of the financial services provider’s stock valued at $1,134,000 after purchasing an additional 11,392 shares during the period. Park Avenue Securities LLC boosted its holdings 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 valued at $757,000 after buying an additional 1,092 shares during the period. Sanctuary Advisors LLC boosted its holdings 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 valued at $665,000 after buying an additional 988 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Source Capital by 9.5% in the third quarter. D.A. Davidson & CO. now owns 151,688 shares of the financial services provider’s stock valued at $6,754,000 after buying an additional 13,152 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of 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 valued at $718,000 after buying an additional 224 shares during the period. Institutional investors and hedge funds own 13.15% of the company’s stock.

Source Capital Trading Up 1.9 %

Source Capital stock opened at $42.75 on Friday. Source Capital, Inc. has a twelve month low of $39.36 and a twelve month high of $47.91. The company has a 50 day moving average of $44.35 and a 200-day moving average of $44.09.

Source Capital Increases Dividend

The business also recently declared a — dividend, which was paid on Thursday, January 9th. Stockholders of record on Monday, December 30th were issued a $2.6584 dividend. This represents a dividend yield of 5.9%. The ex-dividend date was Monday, December 30th. This is a boost from Source Capital’s previous — dividend of $2.59.

Source Capital 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.