Uncommon Cents Investing LLC Has $1.44 Million Stock Position in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Uncommon Cents Investing LLC reduced its stake in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 1.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 62,483 shares of the financial services provider’s stock after selling 1,228 shares during the period. Uncommon Cents Investing LLC owned approximately 0.24% of Adams Natural Resources Fund worth $1,441,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its stake in shares of Adams Natural Resources Fund by 199.6% during the 4th quarter. Venturi Wealth Management LLC now owns 2,499 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 1,665 shares in the last quarter. Raymond James & Associates grew its stake in shares of Adams Natural Resources Fund by 22.2% during the 4th quarter. Raymond James & Associates now owns 224,749 shares of the financial services provider’s stock worth $4,637,000 after acquiring an additional 40,832 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of Adams Natural Resources Fund by 13.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 53,709 shares of the financial services provider’s stock worth $1,108,000 after acquiring an additional 6,471 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Adams Natural Resources Fund during the 4th quarter worth approximately $478,000. Finally, Kovack Advisors Inc. grew its stake in shares of Adams Natural Resources Fund by 5.2% during the 4th quarter. Kovack Advisors Inc. now owns 24,082 shares of the financial services provider’s stock worth $497,000 after acquiring an additional 1,191 shares in the last quarter. 33.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. acquired 30,234 shares of Adams Natural Resources Fund stock in a transaction on Monday, June 17th. The stock was purchased at an average cost of $22.79 per share, with a total value of $689,032.86. Following the completion of the transaction, the insider now directly owns 2,604,860 shares in the company, valued at approximately $59,364,759.40. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders purchased a total of 125,063 shares of company stock valued at $2,901,381 over the last ninety days. 0.06% of the stock is currently owned by company insiders.

Adams Natural Resources Fund Price Performance

Shares of NYSE:PEO traded up $0.22 during midday trading on Thursday, hitting $23.61. The stock had a trading volume of 13,715 shares, compared to its average volume of 43,526. Adams Natural Resources Fund, Inc. has a 12 month low of $19.78 and a 12 month high of $24.25. The business’s 50-day simple moving average is $23.25 and its 200-day simple moving average is $22.22.

Adams Natural Resources Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.69%.

Adams Natural Resources Fund Company 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.