Diversified Management Inc. Invests $5.34 Million in Source Capital, Inc. $SOR

Diversified Management Inc. purchased a new position in shares of Source Capital, Inc. (NYSE:SOR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 116,794 shares of the financial services provider’s stock, valued at approximately $5,344,000. Source Capital accounts for about 1.2% of Diversified Management Inc.’s investment portfolio, making the stock its 19th biggest holding.

Several other institutional investors have also added to or reduced their stakes in SOR. Capital Investment Counsel Inc bought a new position in shares of Source Capital during the third quarter worth about $451,000. DKM Wealth Management Inc. grew its holdings in shares of Source Capital by 3.2% during the fourth quarter. DKM Wealth Management Inc. now owns 294,862 shares of the financial services provider’s stock worth $13,493,000 after buying an additional 9,225 shares in the last quarter. Osaic Holdings Inc. grew its stake in Source Capital by 120.1% in the second quarter. Osaic Holdings Inc. now owns 11,811 shares of the financial services provider’s stock valued at $512,000 after purchasing an additional 6,445 shares in the last quarter. Uptown Financial Advisors LLC acquired a new position in shares of Source Capital during the 4th quarter worth approximately $276,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of Source Capital during the 3rd quarter worth approximately $221,000. 13.15% of the stock is owned by institutional investors.

Source Capital Price Performance

NYSE SOR opened at $46.50 on Thursday. Source Capital, Inc. has a 12 month low of $39.55 and a 12 month high of $50.41. The stock has a 50 day moving average of $46.88 and a 200-day moving average of $46.75.

Source Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 14th will be paid a $0.2083 dividend. The ex-dividend date is Thursday, May 14th. This represents a c) dividend on an annualized basis and a yield of 5.4%.

Source Capital Company Profile

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.