Source Capital, Inc. (NYSE:SOR) Short Interest Update

Source Capital, Inc. (NYSE:SOR) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 5,700 shares, a decline of 31.3% from the February 28th total of 8,300 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 14,700 shares, the days-to-cover ratio is currently 0.4 days.

Source Capital Stock Down 0.1 %

SOR traded down $0.04 during midday trading on Monday, reaching $41.53. 8,655 shares of the company’s stock were exchanged, compared to its average volume of 12,278. The business has a 50-day simple moving average of $42.19 and a two-hundred day simple moving average of $43.52. Source Capital has a one year low of $41.00 and a one year high of $47.91.

Source Capital Cuts Dividend

The business also recently declared a — dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a $0.2083 dividend. This represents a yield of 6%. The ex-dividend date is Thursday, May 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp acquired a new position in Source Capital in the fourth quarter worth $206,000. Cary Street Partners Financial LLC acquired a new stake in shares of Source Capital in the 4th quarter valued at $242,000. Congress Wealth Management LLC DE bought a new stake in shares of Source Capital during the fourth quarter worth $357,000. Sanctuary Advisors LLC lifted its stake in shares of Source Capital by 7.0% during the third quarter. Sanctuary Advisors LLC now owns 15,059 shares of the financial services provider’s stock valued at $665,000 after acquiring an additional 988 shares during the period. Finally, Lake Street Advisors Group LLC increased its position in Source Capital by 3.4% in the fourth quarter. Lake Street Advisors Group LLC now owns 15,426 shares of the financial services provider’s stock worth $712,000 after purchasing an additional 511 shares during the period. 13.15% of the stock is owned by 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.