Source Capital, Inc. (NYSE:SOR) Shares Sold by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. decreased its stake in shares of Source Capital, Inc. (NYSE:SOR) by 12.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,030 shares of the financial services provider’s stock after selling 1,040 shares during the period. Mraz Amerine & Associates Inc. owned 0.09% of Source Capital worth $306,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SOR. Private Advisor Group LLC boosted its position in shares of Source Capital by 3.5% in the third quarter. Private Advisor Group LLC now owns 9,314 shares of the financial services provider’s stock worth $415,000 after acquiring an additional 319 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Source Capital by 220.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 14,689 shares of the financial services provider’s stock worth $654,000 after purchasing an additional 10,102 shares in the last quarter. Lake Street Advisors Group LLC grew its stake in shares of Source Capital by 58.3% during the third quarter. Lake Street Advisors Group LLC now owns 14,915 shares of the financial services provider’s stock valued at $664,000 after acquiring an additional 5,495 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Source Capital by 7.0% during the 3rd 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, Thrivent Financial for Lutherans increased its stake 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 worth $718,000 after buying an additional 224 shares during the last quarter. Hedge funds and other institutional investors own 13.15% of the company’s stock.

Source Capital Stock Performance

Shares of Source Capital stock opened at $42.70 on Tuesday. The firm’s 50-day simple moving average is $43.30 and its 200-day simple moving average is $43.89. Source Capital, Inc. has a 1 year low of $40.32 and a 1 year high of $47.91.

Source Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.2083 per share. This represents a $2.50 annualized dividend and a dividend yield of 5.85%. The ex-dividend date is Friday, March 14th.

About Source Capital

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.