13,285 Shares in Source Capital, Inc. $SOR Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC acquired a new position in Source Capital, Inc. (NYSE:SOR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,285 shares of the financial services provider’s stock, valued at approximately $576,000. Wolverine Asset Management LLC owned 0.16% of Source Capital at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its holdings in Source Capital by 258.6% in the second quarter. Assetmark Inc. now owns 1,983 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 1,430 shares during the period. Cornerstone Advisors LLC acquired a new position in Source Capital in the first quarter worth $120,000. Envestnet Asset Management Inc. acquired a new position in Source Capital in the first quarter worth $826,000. Invesco Ltd. boosted its holdings in Source Capital by 3.1% in the first quarter. Invesco Ltd. now owns 25,729 shares of the financial services provider’s stock worth $1,068,000 after purchasing an additional 785 shares during the period. Finally, Shaker Financial Services LLC boosted its holdings in Source Capital by 47.4% in the first quarter. Shaker Financial Services LLC now owns 26,591 shares of the financial services provider’s stock worth $1,104,000 after purchasing an additional 8,553 shares during the period. Institutional investors and hedge funds own 13.15% of the company’s stock.

Source Capital Stock Up 0.0%

Source Capital stock opened at $45.36 on Monday. The company has a fifty day moving average price of $45.11 and a two-hundred day moving average price of $43.68. Source Capital, Inc. has a 12 month low of $38.66 and a 12 month high of $47.00.

Source Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Thursday, October 16th were issued a $0.2083 dividend. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Thursday, October 16th.

Source Capital 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.