Congress Wealth Management LLC DE Purchases Shares of 8,218 Source Capital, Inc. (NYSE:SOR)

Congress Wealth Management LLC DE acquired a new position in shares of Source Capital, Inc. (NYSE:SOR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,218 shares of the financial services provider’s stock, valued at approximately $357,000. Congress Wealth Management LLC DE owned 0.10% of Source Capital as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in shares of Source Capital in the fourth quarter valued at $206,000. Sanctuary Advisors LLC lifted its holdings in shares of Source Capital by 7.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,059 shares of the financial services provider’s stock worth $665,000 after acquiring an additional 988 shares during the period. Lake Street Advisors Group LLC boosted its position in shares of Source Capital by 3.4% during the 4th quarter. Lake Street Advisors Group LLC now owns 15,426 shares of the financial services provider’s stock valued at $712,000 after acquiring an additional 511 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Source Capital by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 16,135 shares of the financial services provider’s stock worth $718,000 after purchasing an additional 224 shares in the last quarter. Finally, Concurrent Investment Advisors LLC bought a new position in Source Capital during the fourth quarter worth about $712,000. Institutional investors and hedge funds own 13.15% of the company’s stock.

Source Capital Trading Down 0.5 %

SOR stock opened at $41.57 on Friday. Source Capital, Inc. has a 1-year low of $41.00 and a 1-year high of $47.91. The business’s 50 day moving average is $42.21 and its 200-day moving average is $43.54.

Source Capital Cuts Dividend

The business also recently declared a — dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a $0.2083 dividend. This represents a yield of 6%. The ex-dividend date of this dividend is Thursday, May 15th.

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.