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 |
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 |