Chemistry Wealth Management LLC lessened its position in shares of Source Capital, Inc. (NYSE:SOR – Free Report) by 22.4% in the 1st quarter, HoldingsChannel reports. The fund owned 101,733 shares of the financial services provider’s stock after selling 29,347 shares during the period. Source Capital accounts for about 1.2% of Chemistry Wealth Management LLC’s portfolio, making the stock its 16th biggest holding. Chemistry Wealth Management LLC’s holdings in Source Capital were worth $4,323,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SOR. Cullen Frost Bankers Inc. acquired a new stake in shares of Source Capital in the 4th quarter valued at about $36,000. Cary Street Partners Investment Advisory LLC grew its position in shares of 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. Raymond James & Associates increased its holdings in shares of Source Capital by 6.6% in the 4th quarter. Raymond James & Associates now owns 48,529 shares of the financial services provider’s stock valued at $1,959,000 after acquiring an additional 3,011 shares during the period. AQR Arbitrage LLC raised its position in Source Capital by 34.8% in the 3rd quarter. AQR Arbitrage LLC now owns 14,249 shares of the financial services provider’s stock valued at $550,000 after purchasing an additional 3,675 shares during the last quarter. Finally, Leo Wealth LLC acquired a new stake in Source Capital during the 4th quarter worth $206,000. Institutional investors and hedge funds own 13.15% of the company’s stock.
Source Capital Trading Down 1.0 %
Source Capital stock traded down $0.44 during midday trading on Wednesday, hitting $43.06. 7,809 shares of the company’s stock were exchanged, compared to its average volume of 13,599. The firm’s 50 day simple moving average is $42.63 and its 200 day simple moving average is $41.48. Source Capital, Inc. has a 12-month low of $37.26 and a 12-month high of $47.91.
Source Capital Cuts Dividend
Source Capital Company 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.
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Want to see what other hedge funds are holding SOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Source Capital, Inc. (NYSE:SOR – Free Report).
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