Headlines about Source Capital (NYSE:SOR) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Source Capital earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 44.9048729563158 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Source Capital (SOR) opened at 40.88 on Tuesday. The firm’s 50-day moving average price is $39.74 and its 200 day moving average price is $38.85. Source Capital has a 52-week low of $35.10 and a 52-week high of $41.24.
In other news, VP Thomas H. Atteberry bought 1,500 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were bought at an average cost of $40.35 per share, for a total transaction of $60,525.00. Following the completion of the acquisition, the vice president now owns 3,500 shares in the company, valued at approximately $141,225. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas H. Atteberry bought 1,000 shares of the business’s stock in a transaction on Tuesday, September 26th. The stock was purchased at an average price of $40.08 per share, for a total transaction of $40,080.00. Following the completion of the acquisition, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $80,160. The disclosure for this purchase can be found here. Insiders purchased 2,770 shares of company stock worth $111,502 over the last 90 days. 78.47% of the stock is currently owned by company insiders.
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.
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