November 16, 2016 - By Vivian Park · 0 Comments
The stock of Source Capital Incorporated (NYSE:SOR) registered a decrease of 12.82% in short interest. SOR’s total short interest was 51,000 shares in November as published by FINRA. Its down 12.82% from 58,500 shares, reported previously. With 17,500 shares average volume, it will take short sellers 3 days to cover their SOR’s short positions. The stock last traded at $35.69 per share. It is down 5.21% since April 14, 2016 and is downtrending. It has underperformed by 9.89% the S&P500.
Source Capital, Inc. is a diversified, closed-end management investment company. The company has a market cap of $308.13 million. The investment objective of the Company 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 currently has negative earnings. The Firm invests in public equities of businesses from across the world, as well as the United States domiciled fixed-income securities, both investment and non-investment grade.
Insitutional Activity: The institutional sentiment decreased to 0.7 in Q2 2016. Its down 0.30, from 1 in 2016Q1. The ratio dropped, as 15 funds sold all Source Capital, Inc. shares owned while 8 reduced positions. 5 funds bought stakes while 11 increased positions. They now own 392,744 shares or 38.60% less from 639,617 shares in 2016Q1.
Commonwealth Equity holds 0% of its portfolio in Source Capital, Inc. (NYSE:SOR) for 8,335 shares. Us Bankshares De accumulated 270 shares or 0% of the stock. Guggenheim Cap has 0% invested in the company for 11,458 shares. Ami Inv last reported 0.3% of its portfolio in the stock. Duncker Streett And Co has 150 shares for 0% of their US portfolio. Reilly Fincl Advsr Limited Co accumulated 0% or 29 shares. Bankshares Of America Corporation De owns 27,173 shares or 0% of their US portfolio. Wells Fargo & Mn last reported 16,626 shares in the company. Creative Planning has invested 0% of its portfolio in Source Capital, Inc. (NYSE:SOR). Bessemer Inc holds 0% or 200 shares in its portfolio. Mraz Amerine & Assoc holds 0.68% of its portfolio in Source Capital, Inc. (NYSE:SOR) for 52,919 shares. Cohen Capital holds 0.1% of its portfolio in Source Capital, Inc. (NYSE:SOR) for 9,574 shares. Riggs Asset Managment Inc last reported 0% of its portfolio in the stock. Pecaut last reported 56,496 shares in the company. Moreover, Johnson Group Inc Inc has 0% invested in Source Capital, Inc. (NYSE:SOR) for 40 shares.
Source Capital, Inc., incorporated on June 24, 1968, is a diversified closed-end management investment company. The Companyâ€™s investment objective is to seek maximum total return from both capital appreciation and investment income. Source Capital, Inc.’s investment approach emphasizes primarily equity investments. The Companyâ€™s investment portfolio includes a range of securities with primary emphasis on common stock and convertible debentures.
More important recent Source Capital, Inc. (NYSE:SOR) news were published by: Businesswire.com which released: “Source Capital, Inc. Declares Quarterly Distribution on Common Stock” on November 14, 2016, also Globenewswire.com published article titled: “Overstock.com Announces Source Capital as Dealer-Manager for Rights Offering”, Reuters.com published: “Snapchat files for one of the biggest tech IPOs in years: sources” on November 15, 2016. More interesting news about Source Capital, Inc. (NYSE:SOR) was released by: Nasdaq.com and their article: “Overstock.com Announces Commencement of Rights Offering and Maximum Price” with publication date: November 15, 2016.
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By Vivian Park