Capital Investment Counsel Inc Sells 500 Shares of Source Capital, Inc. (NYSE:SOR)

Capital Investment Counsel Inc decreased its position in shares of Source Capital, Inc. (NYSE:SOR) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,018 shares of the financial services provider’s stock after selling 500 shares during the period. Capital Investment Counsel Inc owned about 0.12% of Source Capital worth $443,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Leo Wealth LLC bought a new position in shares of Source Capital in the 4th quarter worth about $206,000. International Assets Investment Management LLC acquired a new position in shares of Source Capital during the 4th quarter valued at $807,000. D.A. Davidson & CO. boosted its stake in Source Capital by 6.6% during the fourth quarter. D.A. Davidson & CO. now owns 123,103 shares of the financial services provider’s stock worth $4,970,000 after acquiring an additional 7,572 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in Source Capital by 45.3% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 5,450 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 1,700 shares during the period. Finally, Belpointe Asset Management LLC bought a new stake in Source Capital in the fourth quarter valued at $214,000. Institutional investors own 13.15% of the company’s stock.

Source Capital Price Performance

Shares of NYSE SOR traded up $0.20 during trading on Tuesday, hitting $43.69. 3,597 shares of the company traded hands, compared to its average volume of 12,869. The business’s fifty day moving average is $43.56 and its 200 day moving average is $42.48. Source Capital, Inc. has a fifty-two week low of $37.26 and a fifty-two week high of $47.91.

Source Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.2083 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date is Tuesday, September 17th.

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.