Source Capital, Inc. (SOR) VP Buys $10,897.20 in Stock
Source Capital, Inc. (NYSE:SOR) VP Abhijeet V. Patwardhan acquired 270 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were acquired at an average price of $40.36 per share, with a total value of $10,897.20. Following the acquisition, the vice president now owns 395 shares in the company, valued at $15,942.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Source Capital, Inc. (NYSE:SOR) traded down 0.05% during trading on Wednesday, reaching $40.34. The company’s stock had a trading volume of 373 shares. Source Capital, Inc. has a 1-year low of $35.10 and a 1-year high of $41.24. The stock has a 50 day moving average of $39.40 and a 200-day moving average of $38.67.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were given a $0.35 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $1.40 annualized dividend and a yield of 3.47%.
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A number of large investors have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC raised its position in Source Capital by 199.6% in the second quarter. Blue Bell Private Wealth Management LLC now owns 4,718 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 3,143 shares during the period. HL Financial Services LLC lifted its stake in shares of Source Capital by 179.0% in the 2nd quarter. HL Financial Services LLC now owns 15,430 shares of the financial services provider’s stock valued at $596,000 after purchasing an additional 9,900 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Source Capital by 13.2% in the 2nd quarter. First Trust Advisors LP now owns 45,692 shares of the financial services provider’s stock valued at $1,766,000 after purchasing an additional 5,339 shares during the last quarter. Shaker Financial Services LLC lifted its stake in shares of Source Capital by 15.0% in the 2nd quarter. Shaker Financial Services LLC now owns 132,887 shares of the financial services provider’s stock valued at $5,136,000 after purchasing an additional 17,353 shares during the last quarter. Finally, Deschutes Portfolio Strategy LLC lifted its stake in shares of Source Capital by 1.2% in the 2nd quarter. Deschutes Portfolio Strategy LLC now owns 156,799 shares of the financial services provider’s stock valued at $6,060,000 after purchasing an additional 1,819 shares during the last quarter. Institutional investors own 13.86% of the company’s stock.
About Source Capital
Source Capital, Inc (the Fund) is a diversified, closed-end management investment company. The investment objective of the Fund is to seek maximum total return for Common shareholders from both capital appreciation and investment income to the extent consistent with protection of invested capital. The Fund’s investments include semiconductor devices, advertising and marketing, life science equipment, exploration and production, commercial mortgage-backed securities, insurance brokers, communications equipment, electrical power equipment, food and drug stores, corporate bonds and notes, residential mortgage-backed securities, asset-backed securities, corporate bank debt, other common stocks and electrical components.
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