Deschutes Portfolio Strategy LLC boosted its stake in Source Capital, Inc. (NYSE:SOR) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,799 shares of the financial services provider’s stock after buying an additional 1,819 shares during the period. Source Capital makes up approximately 3.1% of Deschutes Portfolio Strategy LLC’s holdings, making the stock its 8th largest position. Deschutes Portfolio Strategy LLC’s holdings in Source Capital were worth $6,060,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SOR. Blue Bell Private Wealth Management LLC raised its position in shares of 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 buying an additional 3,143 shares in the last quarter. HL Financial Services LLC raised its position in shares of Source Capital by 179.0% in the second quarter. HL Financial Services LLC now owns 15,430 shares of the financial services provider’s stock valued at $596,000 after buying an additional 9,900 shares in the last quarter. First Trust Advisors LP raised its position in shares of Source Capital by 13.2% in the second quarter. First Trust Advisors LP now owns 45,692 shares of the financial services provider’s stock valued at $1,766,000 after buying an additional 5,339 shares in the last quarter. Finally, Shaker Financial Services LLC raised its position in shares of Source Capital by 15.0% in the second quarter. Shaker Financial Services LLC now owns 132,887 shares of the financial services provider’s stock valued at $5,136,000 after buying an additional 17,353 shares in the last quarter. 13.86% of the stock is owned by hedge funds and other institutional investors.

Source Capital, Inc. (NYSE:SOR) opened at 38.89 on Tuesday. Source Capital, Inc. has a 12 month low of $35.10 and a 12 month high of $39.88. The stock has a 50 day moving average price of $39.32 and a 200 day moving average price of $38.27.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a $0.35 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $1.40 annualized dividend and a yield of 3.60%.

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

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