Anchor Investment Management LLC Sells 526 Shares of Source Capital, Inc. (NYSE:SOR)

Anchor Investment Management LLC lowered its holdings in Source Capital, Inc. (NYSE:SOR) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,238 shares of the financial services provider’s stock after selling 526 shares during the period. Anchor Investment Management LLC’s holdings in Source Capital were worth $1,213,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Thrivent Financial for Lutherans boosted its holdings in Source Capital by 1.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 16,135 shares of the financial services provider’s stock valued at $718,000 after purchasing an additional 224 shares during the period. Private Advisor Group LLC boosted its holdings in Source Capital by 3.5% in the 3rd quarter. Private Advisor Group LLC now owns 9,314 shares of the financial services provider’s stock valued at $415,000 after purchasing an additional 319 shares during the period. Mesirow Financial Investment Management Inc. boosted its holdings in Source Capital by 0.8% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 76,443 shares of the financial services provider’s stock valued at $3,404,000 after purchasing an additional 631 shares during the period. Lake Street Advisors Group LLC boosted its holdings in Source Capital by 58.3% in the 3rd quarter. Lake Street Advisors Group LLC now owns 14,915 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 5,495 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Source Capital by 220.2% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 14,689 shares of the financial services provider’s stock valued at $654,000 after purchasing an additional 10,102 shares during the period. Institutional investors own 13.15% of the company’s stock.

Source Capital Price Performance

NYSE SOR opened at $44.90 on Friday. Source Capital, Inc. has a 12-month low of $39.36 and a 12-month high of $47.91. The firm has a 50-day moving average price of $44.51 and a two-hundred day moving average price of $43.98.

Source Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a $0.2083 dividend. This represents a $2.50 annualized dividend and a dividend yield of 5.57%. The ex-dividend date is Monday, December 16th.

About Source Capital

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.