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

Source Capital, Inc. (NYSE:SOR) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 902 shares, an increase of 7,416.7% from the May 14th total of 12 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 12,730 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Source Capital

Institutional investors and hedge funds have recently made changes to their positions in the business. WHI TRUST Co LLC purchased a new stake in shares of Source Capital in the fourth quarter worth $42,000. PNC Financial Services Group Inc. increased its stake in Source Capital by 1,900.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,000 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 950 shares during the last quarter. Manchester Capital Management LLC bought a new position in Source Capital in the fourth quarter valued at $68,000. JPMorgan Chase & Co. increased its stake in Source Capital by 30.9% in the third quarter. JPMorgan Chase & Co. now owns 1,724 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 407 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Source Capital in the fourth quarter valued at $85,000. Hedge funds and other institutional investors own 13.15% of the company’s stock.

Source Capital Trading Up 0.2%

Shares of NYSE:SOR traded up $0.11 during trading on Tuesday, hitting $45.19. 6,049 shares of the company were exchanged, compared to its average volume of 13,225. The stock has a 50 day moving average of $45.81 and a 200 day moving average of $46.85. Source Capital has a 52-week low of $41.98 and a 52-week high of $50.41.

Source Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Thursday, August 13th will be given a $0.2083 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Thursday, August 13th.

Source Capital Company Profile

Source Capital Inc is an externally managed specialty finance company that provides flexible financing solutions to U.S. middle-market companies. Structured as a closed-end investment company, it focuses on investing in both debt and equity securities of businesses seeking growth capital, refinancing, acquisitions, recapitalizations and other strategic initiatives.

The company’s investment strategy encompasses senior secured loans, unitranche facilities, second-lien financings, mezzanine debt and equity co-investments.