Source Capital, Inc. (NYSE:SOR – Get Free Report) declared a monthly dividend on Tuesday, July 21st. Investors of record on Wednesday, September 16th will be given a dividend of 0.2083 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Wednesday, September 16th.
Source Capital Stock Up 0.2%
Shares of Source Capital stock opened at $45.91 on Wednesday. Source Capital has a 52-week low of $41.98 and a 52-week high of $50.41. The company has a 50-day simple moving average of $45.60 and a two-hundred day simple moving average of $46.52.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Align Financial LLC purchased a new position in Source Capital during the fourth quarter valued at approximately $7,006,000. Diversified Management Inc. bought a new position in Source Capital during the fourth quarter valued at $5,344,000. Evolve Private Wealth LLC bought a new position in shares of Source Capital in the 4th quarter valued at about $522,000. Shaker Financial Services LLC increased its stake in Source Capital by 108.9% during the fourth quarter. Shaker Financial Services LLC now owns 19,324 shares of the financial services provider’s stock worth $884,000 after acquiring an additional 10,073 shares during the last quarter. Finally, DKM Wealth Management Inc. lifted its stake in shares of Source Capital by 3.2% in the 4th quarter. DKM Wealth Management Inc. now owns 294,862 shares of the financial services provider’s stock valued at $13,493,000 after purchasing an additional 9,225 shares during the last quarter. Hedge funds and other institutional investors own 13.15% of the company’s stock.
About Source Capital
Source Capital Inc is an externally managed specialty finance company that provides flexible financing solutions to U.S. middle-market companies. Structured as a closed-end investment company, it focuses on investing in both debt and equity securities of businesses seeking growth capital, refinancing, acquisitions, recapitalizations and other strategic initiatives.
The company’s investment strategy encompasses senior secured loans, unitranche facilities, second-lien financings, mezzanine debt and equity co-investments.
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