Source Capital Inc (NYSE:SOR) Institutional Investors Quarterly Sentiment

September 13, 2017 - By Migdalia James

 Source Capital Inc (NYSE:SOR) Institutional Investors Quarterly Sentiment

Sentiment for Source Capital Inc (NYSE:SOR)

Source Capital Inc (NYSE:SOR) institutional sentiment increased to 1.43 in Q4 2016. Its up 0.01, from 1.42 in 2016Q3. The ratio is better, as 20 hedge funds opened new or increased positions, while 14 cut down and sold stock positions in Source Capital Inc. The hedge funds in our partner’s database now own: 815,104 shares, up from 558,247 shares in 2016Q3. Also, the number of hedge funds holding Source Capital Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 11 Increased: 13 New Position: 7.

Source Capital, Inc. is a diversified, closed-end management investment company. The company has market cap of $339.94 million. 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. It has a 6.91 P/E ratio. 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.

The stock increased 0.43% or $0.17 on September 13, reaching $39.42. About 15,108 shares traded. Source Capital, Inc. (NYSE:SOR) has risen 5.83% since September 13, 2016 and is uptrending. It has underperformed by 10.87% the S&P500.

Pecaut & Co. holds 1.99% of its portfolio in Source Capital, Inc. for 57,065 shares. Shaker Financial Services Llc owns 86,272 shares or 1.84% of their US portfolio. Moreover, Thomas J. Herzfeld Advisors Inc. has 0.83% invested in the company for 50,048 shares. The California-based Mraz Amerine & Associates Inc. has invested 0.71% in the stock. Landscape Capital Management L.L.C., a New Jersey-based fund reported 67,819 shares.#img1#

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