Source Capital, Inc. (NYSE:SOR) is Hara Capital LLC’s 10th Largest Position

Hara Capital LLC cut its stake in Source Capital, Inc. (NYSE:SOR) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,395 shares of the financial services provider’s stock after selling 2,156 shares during the quarter. Source Capital comprises about 2.3% of Hara Capital LLC’s investment portfolio, making the stock its 10th biggest position. Hara Capital LLC owned 1.02% of Source Capital worth $3,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of SOR. Private Advisor Group LLC boosted its stake 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 valued at $415,000 after purchasing an additional 319 shares during the period. Mesirow Financial Investment Management Inc. lifted its holdings in Source Capital by 0.9% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 75,812 shares of the financial services provider’s stock worth $3,356,000 after buying an additional 640 shares in the last quarter. Lake Street Advisors Group LLC boosted its position in Source Capital by 58.3% in the 3rd quarter. Lake Street Advisors Group LLC now owns 14,915 shares of the financial services provider’s stock valued at $664,000 after buying an additional 5,495 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake 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 valued at $654,000 after acquiring an additional 10,102 shares in the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of Source Capital by 9.1% during the second quarter. D.A. Davidson & CO. now owns 138,536 shares of the financial services provider’s stock worth $6,132,000 after acquiring an additional 11,518 shares during the last quarter. Institutional investors and hedge funds own 13.15% of the company’s stock.

Source Capital Trading Up 0.7 %

Shares of NYSE:SOR traded up $0.32 during trading on Thursday, hitting $45.22. The company’s stock had a trading volume of 806 shares, compared to its average volume of 13,033. Source Capital, Inc. has a fifty-two week low of $38.04 and a fifty-two week high of $47.91. The stock’s 50-day moving average price is $44.12 and its two-hundred day moving average price is $43.51.

Source Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.2083 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.50 annualized dividend and a yield of 5.53%.

Source Capital Company 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.