Source Capital Inc (N:SOR)

Business Focus: Investment Management & Fund Operators

Sector:  Financials Industry:  Investment Management & Fund Operators
 
See Regulatory Filings on SEC
Company Contact
Address: 235 W. Galena Street
MILWAUKEE WI 53212
Tel: 1-310-9965454
Website: https://fpa.com/funds/overview/source-capital
IR: See website
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Key People
J. Richard Atwood
President, Director
J. Mark Hancock
Investor Relations
Karen E. Richards
Chief Compliance Officer
Mark Landecker
Vice President, Portfolio Manager
Ryan Leggio
Vice President, Strategy
Abhijeet V. Patwardhan
Vice President, Portfolio Manager
Steven T. Romick
Vice President, Portfolio Manager
Brian A. Selmo
Vice President, Portfolio Manager
E. Lake Setzler
Treasurer
Rebecca D. Gilding
Secretary
   
Business Overview
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; industrial distribution and rental; cement and aggregates; Internet media; cable and satellite; application software; electrical components; chemicals; insurance brokers; diversified banks; base metals; banks; investment companies; food services; integrated utilities; railroad rolling stock, apparel, footwear and accessory design; e-commerce discretionary, hotels; restaurants and leisure; commercial and residential building equipment and systems; automotive retailers; real estate owners and developers; entertainment content; energy; health care services and others. The Fund's investment adviser is First Pacific Advisors, LP.
Financial Overview
For the fiscal year ended 31 December 2023, Source Capital Inc revenues increased 49% to $19.6M. Net income totaled $53.6M vs. loss of $27.1M. Revenues reflect Interest increase of 50% to $14.3M, Dividends increase of 47% to $5.3M. Net Income reflects Unrealized G/L on Investment Securities increase from $40.4M (expense) to $26.4M (income), Net realized gain/loss on investments increase from $3.9M to $11.1M (income).
Reporting Currency: U.S. Dollars
Enterprise value: $344.39M as of Dec 31, 2023
Annual revenue (TTM): $19.56M as of Dec 31, 2023
EBITDA (TTM): $16.19M as of Dec 31, 2023
Net annual income (TTM): $53.64M as of Dec 31, 2023
Free cash flow (TTM): $29.62M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 8,199,745 as of Apr 2, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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