Capital Investment Counsel Inc Trims Stake in Source Capital, Inc. (NYSE:SOR)

Capital Investment Counsel Inc cut its stake in shares of Source Capital, Inc. (NYSE:SOR) by 13.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,518 shares of the financial services provider’s stock after selling 1,606 shares during the quarter. Capital Investment Counsel Inc’s holdings in Source Capital were worth $425,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of SOR. D.A. Davidson & CO. increased its holdings in shares of Source Capital by 6.2% in the 3rd quarter. D.A. Davidson & CO. now owns 115,531 shares of the financial services provider’s stock worth $4,458,000 after buying an additional 6,717 shares during the last quarter. Baltimore Washington Financial Advisors Inc. bought a new position in shares of Source Capital during the 3rd quarter valued at approximately $577,000. AQR Arbitrage LLC raised its holdings in Source Capital by 34.8% during the 3rd quarter. AQR Arbitrage LLC now owns 14,249 shares of the financial services provider’s stock valued at $550,000 after buying an additional 3,675 shares during the period. Anchor Investment Management LLC bought a new stake in shares of Source Capital in the 4th quarter worth about $1,110,000. Finally, NBC Securities Inc. bought a new stake in Source Capital in the third quarter worth about $36,000. Institutional investors own 13.15% of the company’s stock.

Source Capital Stock Performance

NYSE:SOR opened at $41.43 on Tuesday. Source Capital, Inc. has a twelve month low of $36.48 and a twelve month high of $42.92. The stock has a fifty day simple moving average of $41.68 and a 200-day simple moving average of $40.37.

Source Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.2083 per share. The ex-dividend date is Thursday, August 15th. This represents a $2.50 annualized dividend and a yield of 6.03%.

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.