Source Capital is in the asset management industry and trades as part of the financial services sector. Source Capital Inc is a diversified, closed-end management investment company. Its investment portfolio includes a wide range of securities with the primary emphasis on .



Previous Intraday Performance:

The SOR shares had a previous change of 0.31% which opened at 35.92 and closed at 35.72. It moved to an intraday high of 35.94 and a low of 35.71.

Business Wire:  Source Capital, Inc. Declares Quarterly Distribution on Common Stock

Historical Performance:

Over the last five trading days, SOR shares returned 0.20% and in the past 30 trading days it returned -2.67%. Over three months, it changed 0.85%. In one year it has changed -1.04% and within that year its 52 week high was 40.95 and its 52 week low was 30.01. SOR stock is 19.03% above its 52 week low.

Our calculations result in a 200 day moving average of 34.91 and a 50 day moving average of 36.11. Right now, SOR stock is trading 2.33% above its 200 day moving average and may be a good opportunity to buy.

Business Wire:  Source Capital, Inc. Declares Quarterly Distribution on Common Stock

Liquidity:

The company has a market cap of $304.0m with 8.5m shares outstanding and a float of 8.5m shares. Trading volume was 10,418 shares and has experienced an average volume of 14,334 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for Source Capital was -3.24 which ended on 31st of December 2018.

Below was the last reported semi-annual diluted earnings per share:

Dec 2018 -3.03
Jun 2018 -0.22
Dec 2017 5.67
TTM 20 -3.25
Dec 2018 -3.24

Base on our calculations, the intrinsic value per share is 24.06, which means it might be overvalued by -48.47%.

The growth of the EPS is critical in understanding the current valuation of Source Capital.



Indicators Also to Watch:

Based on the latest filings, there is 0.30% of insider ownership and 46.20% of institutional ownership. Short-interest was 366, which was 0.00% of shares outstanding. The short-interest ratio or days-to-cover ratio was 0.03.

The beta was calculated to be 0.79.

Business Wire:  Western Alliance Bancorporation Authorizes Initiation of Regular Quarterly Dividend Commencing in Third Quarter 2019

Fundamental Numbers:

Based on last reported financials, the company’s return on assets is -7.77%, price-to-sales is -11.26 and price-to-book is 0.94.

Company Score Card:

Results are out of six:
 3  : Growth Expectations Result
 4  : Financial Safety Result
 0  : Past Performance Result
 3  : Valuation Result
 3  : Dividend Safety Result
 2  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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