News headlines about Source Capital (NYSE:SOR) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Source Capital earned a daily sentiment score of 0.02 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 44.8954223900181 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Source Capital (SOR) traded down $0.05 during trading hours on Friday, reaching $40.26. The company had a trading volume of 11,700 shares, compared to its average volume of 20,877. Source Capital has a 1 year low of $35.37 and a 1 year high of $41.33.
In related news, VP Thomas H. Atteberry purchased 1,500 shares of Source Capital stock in a transaction dated Monday, October 2nd. The shares were acquired at an average cost of $40.35 per share, for a total transaction of $60,525.00. Following the transaction, the vice president now directly owns 3,500 shares of the company’s stock, valued at $141,225. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas H. Atteberry purchased 1,000 shares of Source Capital stock in a transaction dated Tuesday, September 26th. The stock was bought at an average price of $40.08 per share, for a total transaction of $40,080.00. Following the completion of the transaction, the vice president now directly owns 2,000 shares in the company, valued at $80,160. The disclosure for this purchase can be found here. Insiders have purchased a total of 3,380 shares of company stock valued at $136,476 over the last ninety days. Insiders own 0.07% of the company’s stock.
About Source Capital
Source Capital, Inc (the Fund) is a diversified, closed-end management investment company. 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. 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.
Receive News & Ratings for Source Capital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Source Capital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.