Source Capital, Inc. (NYSE:SOR) Stock Holdings Increased by Raymond James & Associates

Raymond James & Associates raised its holdings in shares of Source Capital, Inc. (NYSE:SOR) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,529 shares of the financial services provider’s stock after acquiring an additional 3,011 shares during the period. Raymond James & Associates owned approximately 0.59% of Source Capital worth $1,959,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SOR. Raymond James Financial Services Advisors Inc. raised its stake in Source Capital by 2.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 11,375 shares of the financial services provider’s stock valued at $478,000 after acquiring an additional 274 shares in the last quarter. LPL Financial LLC bought a new stake in shares of Source Capital in the 2nd quarter worth $219,000. Wells Fargo & Company MN raised its stake in shares of Source Capital by 12.0% in the 2nd quarter. Wells Fargo & Company MN now owns 63,977 shares of the financial services provider’s stock worth $2,389,000 after buying an additional 6,853 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Source Capital by 19.5% in the 3rd quarter. Royal Bank of Canada now owns 2,363 shares of the financial services provider’s stock worth $83,000 after buying an additional 386 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Source Capital in the 3rd quarter worth $572,000. Institutional investors own 13.15% of the company’s stock.

Source Capital Price Performance

SOR opened at $41.19 on Wednesday. Source Capital, Inc. has a one year low of $36.48 and a one year high of $42.92. The stock’s fifty day moving average is $41.54 and its 200-day moving average is $40.21.

Source Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 16th will be paid a $0.2083 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date of this dividend is Wednesday, May 15th.

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.