Source Capital (SOR) : Pecaut reduced its stake in Source Capital by 8.99% during the most recent quarter end. The investment management company now holds a total of 56,496 shares of Source Capital which is valued at $2,088,657 after selling 5,579 shares in Source Capital , the firm said in a disclosure report filed with the SEC on Jul 13, 2016.Source Capital makes up approximately 2.11% of Pecaut’s portfolio.
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Source Capital opened for trading at $36.72 and hit $37.02 on the upside on Monday, eventually ending the session at $36.94, with a gain of 0.22% or 0.08 points. The heightened volatility saw the trading volume jump to 34,215 shares. Company has a market cap of $320 M.
Source Capital Inc. (the Company) is a diversified closed-end management investment company. 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. Its investment portfolio includes a range of securities with primary emphasis on common stock. The Company’s investment approach emphasizes primarily equity investments. Its portfolio also includes common stocks non-convertible bonds and debentures and short-term investments. The Company invests in various industries including retailing producer durable goods business services and supplies transportation healthcare energy and technology. The Company’s investment adviser is First Pacific Advisors LLC.