Source Capital (NYSE:SOR) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Source Capital, Inc. (NYSE:SOR) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $46.16 and traded as low as $45.75. Source Capital shares last traded at $46.4750, with a volume of 2,058 shares traded.

Source Capital Price Performance

The stock’s 50 day moving average price is $46.26 and its 200 day moving average price is $46.14.

Source Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 13th will be issued a $0.2083 dividend. The ex-dividend date is Friday, November 13th. This represents a c) annualized dividend and a yield of 5.4%.

Institutional Trading of Source Capital

A number of large investors have recently bought and sold shares of the business. WHI TRUST Co LLC bought a new position in shares of Source Capital in the 4th quarter worth about $42,000. PNC Financial Services Group Inc. boosted its holdings in shares of Source Capital by 1,900.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,000 shares of the financial services provider’s stock worth $46,000 after buying an additional 950 shares in the last quarter. Manchester Capital Management LLC acquired a new stake in Source Capital in the fourth quarter worth $68,000. JPMorgan Chase & Co. raised its holdings in shares of Source Capital by 30.9% during the third quarter. JPMorgan Chase & Co. now owns 1,724 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 407 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in shares of Source Capital during the 4th quarter worth about $85,000. 13.15% of the stock is currently owned by institutional investors and hedge funds.

About Source Capital

Source Capital Inc is an externally managed specialty finance company that provides flexible financing solutions to U.S. middle-market companies. Structured as a closed-end investment company, it focuses on investing in both debt and equity securities of businesses seeking growth capital, refinancing, acquisitions, recapitalizations and other strategic initiatives.

The company’s investment strategy encompasses senior secured loans, unitranche facilities, second-lien financings, mezzanine debt and equity co-investments.