Belpointe Asset Management LLC Buys Shares of 1,383 Source Capital, Inc. (NYSE:SOR)

Belpointe Asset Management LLC bought a new stake in shares of Source Capital, Inc. (NYSE:SOR – Get Rating) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,383 shares of the financial services provider’s stock, valued at approximately $53,000.

A number of other large investors have also recently bought and sold shares of SOR. Royal Bank of Canada grew its holdings in Source Capital by 19.5% during the 3rd quarter. Royal Bank of Canada now owns 2,363 shares of the financial services provider’s stock valued at $83,000 after buying an additional 386 shares during the last quarter. LPL Financial LLC acquired a new stake in Source Capital during the 2nd quarter valued at $219,000. Nations Financial Group Inc. IA ADV acquired a new stake in Source Capital during the 3rd quarter valued at $457,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Source Capital by 2.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 11,375 shares of the financial services provider’s stock worth $478,000 after purchasing an additional 274 shares during the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Source Capital during the third quarter worth $572,000. Institutional investors and hedge funds own 15.23% of the company’s stock.

Source Capital Stock Performance

SOR stock opened at $37.10 on Wednesday. Source Capital, Inc. has a 52-week low of $34.43 and a 52-week high of $41.10. The stock’s fifty day simple moving average is $36.96 and its 200-day simple moving average is $37.59.

Source Capital Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be issued a dividend of $0.208 per share. This represents a $2.50 annualized dividend and a dividend yield of 6.73%. The ex-dividend date of this dividend is Thursday, June 15th.

Source Capital Company Profile

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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.