Capstone Investment Advisors LLC Acquires Shares of 53,699 Adams Natural Resources Fund, Inc. (NYSE:PEO)

Capstone Investment Advisors LLC bought a new stake in Adams Natural Resources Fund, Inc. (NYSE:PEO) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 53,699 shares of the financial services provider’s stock, valued at approximately $1,247,000. Capstone Investment Advisors LLC owned approximately 0.21% of Adams Natural Resources Fund as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PEO. Northwestern Mutual Wealth Management Co. increased its holdings in Adams Natural Resources Fund by 241.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,230 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 2,283 shares during the last quarter. Searle & CO. bought a new position in Adams Natural Resources Fund during the 2nd quarter valued at $201,000. Simplicity Wealth LLC acquired a new position in Adams Natural Resources Fund during the 2nd quarter worth $203,000. Miracle Mile Advisors LLC bought a new stake in shares of Adams Natural Resources Fund in the 2nd quarter worth about $338,000. Finally, Advisors Asset Management Inc. bought a new position in shares of Adams Natural Resources Fund during the third quarter worth about $360,000. 33.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Adams Natural Resources Fund

In related news, major shareholder Saba Capital Management, L.P. bought 10,476 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were purchased at an average cost of $22.19 per share, with a total value of $232,462.44. Following the completion of the transaction, the insider now directly owns 2,864,659 shares of the company’s stock, valued at approximately $63,566,783.21. This represents a 0.37 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders acquired a total of 41,945 shares of company stock valued at $951,310 in the last quarter. Insiders own 0.06% of the company’s stock.

Adams Natural Resources Fund Stock Down 0.5 %

NYSE:PEO opened at $23.59 on Friday. Adams Natural Resources Fund, Inc. has a 52 week low of $19.78 and a 52 week high of $24.79. The business’s 50 day moving average is $23.85 and its two-hundred day moving average is $23.42.

Adams Natural Resources Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 22nd will be issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This is a positive change from Adams Natural Resources Fund’s previous quarterly dividend of $0.16. This represents a $4.12 annualized dividend and a dividend yield of 17.47%.

Adams Natural Resources Fund Profile

Adams Natural Resources Fund, Inc is a publicly owned investment manager. The firm invests in the public equity markets across the globe. The firm manages closed-end equity fund focused on the energy and material sectors. It invests in stocks of companies of all market capitalizations operating in the energy and natural resources sector including oil companies, exploration and production, utilities, services, and basic materials sectors.