Cullen Frost Bankers Inc. Makes New Investment in Source Capital, Inc. (NYSE:SOR)

Cullen Frost Bankers Inc. bought a new stake in Source Capital, Inc. (NYSE:SORFree Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 886 shares of the financial services provider’s stock, valued at approximately $36,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Blue Bell Private Wealth Management LLC grew its holdings in shares of Source Capital by 5.1% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 8,369 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 403 shares during the period. Pecaut & CO. raised its stake in shares of Source Capital by 1.4% during the 3rd quarter. Pecaut & CO. now owns 36,718 shares of the financial services provider’s stock worth $1,417,000 after buying an additional 499 shares during the last quarter. Raymond James & Associates boosted its position in shares of Source Capital by 2.0% in the 3rd quarter. Raymond James & Associates now owns 45,518 shares of the financial services provider’s stock worth $1,757,000 after buying an additional 878 shares in the last quarter. NBC Securities Inc. acquired a new stake in Source Capital in the 3rd quarter valued at about $36,000. Finally, Cary Street Partners Investment Advisory LLC raised its position in Source Capital by 45.3% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 5,450 shares of the financial services provider’s stock worth $235,000 after acquiring an additional 1,700 shares during the last quarter. 13.15% of the stock is currently owned by institutional investors and hedge funds.

Source Capital Trading Up 0.0 %

SOR stock opened at $42.32 on Monday. Source Capital, Inc. has a 12 month low of $36.48 and a 12 month high of $42.92. The company’s 50 day simple moving average is $41.88 and its 200-day simple moving average is $40.61.

Source Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a $0.2083 dividend. The ex-dividend date is Thursday, August 15th. This represents a $2.50 dividend on an annualized basis and a yield of 5.91%.

Source Capital Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Source Capital (NYSE:SOR)

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