Source Capital Inc (NYSE:SOR) Move as Institutional Investors’ Sentiment Drops

June 17, 2018 - By Clifton Ray

Sentiment for Source Capital Inc (NYSE:SOR)

Source Capital Inc (NYSE:SOR) institutional sentiment decreased to 1.92 in Q1 2018. Its down -0.17, from 2.09 in 2017Q4. The ratio turned negative, as 25 investment managers started new or increased holdings, while 13 reduced and sold their positions in Source Capital Inc. The investment managers in our partner’s database now hold: 3.55 million shares, up from 1.13 million shares in 2017Q4. Also, the number of investment managers holding Source Capital Inc in their top 10 holdings was flat from 2 to 2 for the same number . Sold All: 4 Reduced: 9 Increased: 14 New Position: 11.

Source Capital, Inc. is a close-ended balanced fund launched and managed by First Pacific Advisors, LLC. The company has market cap of $351.40 million. The fund invests in the public equity markets of the United States. It currently has negative earnings. It seeks to invest in the stocks of companies operating across diversified sectors.

The stock decreased 0.02% or $0.01 during the last trading session, reaching $40.6. About 4,434 shares traded. Source Capital, Inc. (NYSE:SOR) has risen 6.20% since June 17, 2017 and is uptrending. It has underperformed by 6.37% the S&P500.

Pecaut & Co. holds 3.66% of its portfolio in Source Capital, Inc. for 120,781 shares. Shaker Financial Services Llc owns 171,531 shares or 3.31% of their US portfolio. Moreover, Bulldog Investors Llc has 2.09% invested in the company for 191,957 shares. The Florida-based Thomas J. Herzfeld Advisors Inc. has invested 1.28% in the stock. Intersect Capital Llc, a California-based fund reported 2.40 million shares.

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