Source Capital, Inc. (NYSE:SOR) Short Interest Update

Source Capital, Inc. (NYSE:SOR) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 902 shares, an increase of 7,416.7% from the May 14th total of 12 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 12,730 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Source Capital

A number of large investors have recently bought and sold shares of SOR. Align Financial LLC purchased a new position in Source Capital during the 4th quarter worth $7,006,000. Diversified Management Inc. purchased a new position in Source Capital during the 4th quarter worth $5,344,000. Evolve Private Wealth LLC purchased a new position in Source Capital during the 4th quarter worth $522,000. Shaker Financial Services LLC raised its position in Source Capital by 108.9% during the 4th quarter. Shaker Financial Services LLC now owns 19,324 shares of the financial services provider’s stock worth $884,000 after buying an additional 10,073 shares during the last quarter. Finally, DKM Wealth Management Inc. raised its position in Source Capital by 3.2% during the 4th quarter. DKM Wealth Management Inc. now owns 294,862 shares of the financial services provider’s stock worth $13,493,000 after buying an additional 9,225 shares during the last quarter. Hedge funds and other institutional investors own 13.15% of the company’s stock.

Source Capital Stock Performance

NYSE SOR opened at $45.19 on Wednesday. Source Capital has a one year low of $41.98 and a one year high of $50.41. The firm’s fifty day moving average is $45.82 and its two-hundred day moving average is $46.85.

Source Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Thursday, August 13th will be paid a $0.2083 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 5.5%.

Source Capital Company Profile

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.