Source Capital, Inc. (NYSE:SOR) VP Thomas H. Atteberry acquired 1,500 shares of the stock in a transaction dated Monday, October 2nd. The stock was purchased at an average cost of $40.35 per share, with a total value of $60,525.00. Following the purchase, the vice president now directly owns 3,500 shares of the company’s stock, valued at $141,225. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Source Capital, Inc. (SOR) traded down 0.52% on Tuesday, reaching $40.22. 2,076 shares of the company were exchanged. Source Capital, Inc. has a 12-month low of $35.10 and a 12-month high of $41.24. The stock’s 50-day moving average is $39.37 and its 200 day moving average is $38.65.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.46%. The ex-dividend date was Wednesday, August 23rd.

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Several institutional investors have recently made changes to their positions in SOR. Blue Bell Private Wealth Management LLC increased its position in shares of Source Capital by 199.6% during the 2nd 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 last quarter. HL Financial Services LLC lifted its position in 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 worth $596,000 after buying an additional 9,900 shares during the last quarter. First Trust Advisors LP lifted its position in 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 worth $1,766,000 after buying an additional 5,339 shares during the last quarter. Shaker Financial Services LLC lifted its position in 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 worth $5,136,000 after buying an additional 17,353 shares during the last quarter. Finally, Deschutes Portfolio Strategy LLC lifted its position in 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 worth $6,060,000 after buying an additional 1,819 shares during the last quarter. Hedge funds and other 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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