Alpine Global Management LLC Reduces Position in Source Capital, Inc. (NYSE:SOR)

Alpine Global Management LLC reduced its stake in Source Capital, Inc. (NYSE:SOR) by 62.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,819 shares of the financial services provider’s stock after selling 32,337 shares during the period. Alpine Global Management LLC’s holdings in Source Capital were worth $766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SOR. Blue Bell Private Wealth Management LLC lifted its stake in Source Capital by 199.6% during the second quarter. Blue Bell Private Wealth Management LLC now owns 4,718 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 3,143 shares during the last quarter. Royal Bank of Canada lifted its stake in Source Capital by 12.8% during the second quarter. Royal Bank of Canada now owns 11,301 shares of the financial services provider’s stock worth $437,000 after purchasing an additional 1,284 shares during the last quarter. HL Financial Services LLC lifted its stake in Source Capital by 179.0% during the second quarter. HL Financial Services LLC now owns 15,430 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 9,900 shares during the last quarter. HighTower Advisors LLC lifted its stake in Source Capital by 33.9% during the second quarter. HighTower Advisors LLC now owns 16,912 shares of the financial services provider’s stock worth $653,000 after purchasing an additional 4,277 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Source Capital by 16.1% during the second quarter. Ameriprise Financial Inc. now owns 31,533 shares of the financial services provider’s stock worth $1,219,000 after purchasing an additional 4,373 shares during the last quarter. Hedge funds and other institutional investors own 13.86% of the company’s stock.

In other news, VP Thomas H. Atteberry acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, September 26th. The shares were purchased at an average price of $40.08 per share, for a total transaction of $40,080.00. Following the completion of the transaction, the vice president now owns 2,000 shares of the company’s stock, valued at $80,160. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Thomas H. Atteberry acquired 1,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was purchased at an average price of $40.35 per share, for a total transaction of $60,525.00. Following the transaction, the vice president now directly owns 3,500 shares of the company’s stock, valued at approximately $141,225. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 2,770 shares of company stock worth $111,502. 78.47% of the stock is owned by corporate insiders.

Shares of Source Capital, Inc. (NYSE SOR) traded down 0.32% on Tuesday, hitting $40.75. 4,844 shares of the stock traded hands. Source Capital, Inc. has a 52 week low of $35.10 and a 52 week high of $41.24. The stock has a 50-day moving average price of $39.74 and a 200 day moving average price of $38.85.

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About Source Capital

Source Capital, Inc (the Fund) is a diversified, closed-end management investment company. The investment objective of the Fund is to seek maximum total return for Common shareholders from both capital appreciation and investment income to the extent consistent with protection of invested capital. The Fund’s investments include semiconductor devices, advertising and marketing, life science equipment, exploration and production, commercial mortgage-backed securities, insurance brokers, communications equipment, electrical power equipment, food and drug stores, corporate bonds and notes, residential mortgage-backed securities, asset-backed securities, corporate bank debt, other common stocks and electrical components.

Institutional Ownership by Quarter for Source Capital (NYSE:SOR)

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