Concurrent Investment Advisors LLC Acquires Shares of 16,366 Source Capital, Inc. (NYSE:SOR)

Concurrent Investment Advisors LLC acquired a new stake in shares of Source Capital, Inc. (NYSE:SOR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,366 shares of the financial services provider’s stock, valued at approximately $712,000. Concurrent Investment Advisors LLC owned 0.20% of Source Capital as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Advisor Group LLC boosted its position in 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 valued at $415,000 after buying an additional 319 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Source Capital by 220.2% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 14,689 shares of the financial services provider’s stock worth $654,000 after acquiring an additional 10,102 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Source Capital by 7.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,059 shares of the financial services provider’s stock worth $665,000 after acquiring an additional 988 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Source Capital by 1.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 16,135 shares of the financial services provider’s stock worth $718,000 after acquiring an additional 224 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in shares of Source Capital by 6.7% in the 4th quarter. Park Avenue Securities LLC now owns 17,416 shares of the financial services provider’s stock worth $757,000 after acquiring an additional 1,092 shares in the last quarter. 13.15% of the stock is owned by institutional investors.

Source Capital Price Performance

Source Capital stock opened at $42.45 on Monday. The business’s fifty day moving average is $43.12 and its two-hundred day moving average is $43.88. Source Capital, Inc. has a 52 week low of $40.41 and a 52 week high of $47.91.

Source Capital Dividend Announcement

The business 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. The ex-dividend date is Friday, March 14th. This represents a $2.50 annualized dividend and a yield of 5.89%.

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.