Chemistry Wealth Management LLC Sells 4,700 Shares of Source Capital, Inc. (NYSE:SOR)

Chemistry Wealth Management LLC trimmed its holdings in shares of Source Capital, Inc. (NYSE:SOR) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,566 shares of the financial services provider’s stock after selling 4,700 shares during the period. Source Capital accounts for about 0.6% of Chemistry Wealth Management LLC’s investment portfolio, making the stock its 28th biggest holding. Chemistry Wealth Management LLC owned approximately 0.70% of Source Capital worth $2,504,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Private Advisor Group LLC raised its stake in shares of Source Capital by 3.5% during the third quarter. Private Advisor Group LLC now owns 9,314 shares of the financial services provider’s stock worth $415,000 after buying an additional 319 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Source Capital during the second quarter worth approximately $583,000. Hennion & Walsh Asset Management Inc. raised 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 worth $654,000 after buying an additional 10,102 shares during the last quarter. Lake Street Advisors Group LLC raised 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 worth $664,000 after buying an additional 5,495 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Source Capital by 1.4% during 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. 13.15% of the stock is owned by institutional investors.

Source Capital Price Performance

SOR opened at $42.75 on Friday. The firm has a 50 day simple moving average of $44.35 and a 200 day simple moving average of $44.09. Source Capital, Inc. has a fifty-two week low of $39.36 and a fifty-two week high of $47.91.

Source Capital Increases Dividend

The company also recently disclosed a — dividend, which was paid on Thursday, January 9th. Investors of record on Monday, December 30th were issued a dividend of $2.6584 per share. The ex-dividend date was Monday, December 30th. This represents a yield of 5.9%. This is a boost from Source Capital’s previous — dividend of $2.59.

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.