Source Capital, Inc. (NYSE:SOR) Short Interest Down 50.0% in December

Source Capital, Inc. (NYSE:SOR) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 1,600 shares, a decrease of 50.0% from the December 15th total of 3,200 shares. Based on an average daily volume of 11,800 shares, the short-interest ratio is presently 0.1 days.

Source Capital Stock Down 1.1 %

Shares of NYSE SOR opened at $43.04 on Tuesday. The business has a fifty day simple moving average of $44.57 and a 200-day simple moving average of $44.14. Source Capital has a 12 month low of $39.36 and a 12 month high of $47.91.

Source Capital Increases Dividend

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

Institutional Investors Weigh In On Source Capital

Several hedge funds have recently bought and sold shares of SOR. Shaker Financial Services LLC raised its stake in shares of Source Capital by 1,227.3% during the 3rd quarter. Shaker Financial Services LLC now owns 60,101 shares of the financial services provider’s stock worth $2,676,000 after purchasing an additional 55,573 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Source Capital by 4,352.5% during the 3rd quarter. International Assets Investment Management LLC now owns 22,040 shares of the financial services provider’s stock worth $981,000 after purchasing an additional 21,545 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Source Capital during the 2nd quarter worth about $583,000. D.A. Davidson & CO. raised its stake in shares of Source Capital by 9.5% during the 3rd quarter. D.A. Davidson & CO. now owns 151,688 shares of the financial services provider’s stock worth $6,754,000 after purchasing an additional 13,152 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Source Capital by 220.2% during the 3rd 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 during the last quarter. 13.15% of the stock is owned by hedge funds and other institutional investors.

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.