Mraz Amerine & Associates Inc. Sells 640 Shares of Source Capital, Inc. (NYSE:SOR)

Mraz Amerine & Associates Inc. cut its holdings in Source Capital, Inc. (NYSE:SOR) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,367 shares of the financial services provider’s stock after selling 640 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Source Capital were worth $499,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. D.A. Davidson & CO. boosted its holdings in Source Capital by 6.2% in the third quarter. D.A. Davidson & CO. now owns 115,531 shares of the financial services provider’s stock worth $4,458,000 after purchasing an additional 6,717 shares in the last quarter. Baltimore Washington Financial Advisors Inc. bought a new stake in Source Capital in the third quarter worth $577,000. AQR Arbitrage LLC boosted its holdings in Source Capital by 34.8% in the third quarter. AQR Arbitrage LLC now owns 14,249 shares of the financial services provider’s stock worth $550,000 after purchasing an additional 3,675 shares in the last quarter. Anchor Investment Management LLC bought a new stake in Source Capital in the fourth quarter worth $1,110,000. Finally, NBC Securities Inc. acquired a new position in Source Capital during the 3rd quarter worth $36,000. 13.15% of the stock is currently owned by institutional investors.

Source Capital Stock Down 0.4 %

Source Capital stock traded down $0.16 on Wednesday, reaching $41.12. 5,122 shares of the stock were exchanged, compared to its average volume of 14,526. Source Capital, Inc. has a twelve month low of $36.48 and a twelve month high of $42.92. The firm has a fifty day moving average price of $41.55 and a two-hundred day moving average price of $40.21.

Source Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 16th will be given a dividend of $0.2083 per share. This represents a $2.50 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date of this dividend is Wednesday, 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.