Blue Bell Private Wealth Management LLC Grows Stake in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Blue Bell Private Wealth Management LLC raised its stake in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 25.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,918 shares of the financial services provider’s stock after purchasing an additional 10,593 shares during the period. Blue Bell Private Wealth Management LLC owned 0.20% of Adams Natural Resources Fund worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Principal Securities Inc. bought a new stake in Adams Natural Resources Fund in the fourth quarter worth $478,000. FCA Corp TX lifted its holdings in shares of Adams Natural Resources Fund by 5.4% in the 4th quarter. FCA Corp TX now owns 103,233 shares of the financial services provider’s stock worth $2,130,000 after acquiring an additional 5,251 shares during the last quarter. Cornerstone Advisors LLC boosted its stake in shares of Adams Natural Resources Fund by 2.4% during the 4th quarter. Cornerstone Advisors LLC now owns 482,767 shares of the financial services provider’s stock worth $9,959,000 after purchasing an additional 11,207 shares during the period. D.A. Davidson & CO. grew its holdings in Adams Natural Resources Fund by 7.9% during the 4th quarter. D.A. Davidson & CO. now owns 54,565 shares of the financial services provider’s stock valued at $1,126,000 after purchasing an additional 3,983 shares during the last quarter. Finally, Quantedge Capital Pte Ltd raised its position in Adams Natural Resources Fund by 31.8% in the 4th quarter. Quantedge Capital Pte Ltd now owns 57,826 shares of the financial services provider’s stock worth $1,193,000 after purchasing an additional 13,944 shares during the period. 33.54% of the stock is owned by institutional investors.

Adams Natural Resources Fund Price Performance

Shares of NYSE PEO opened at $22.37 on Friday. Adams Natural Resources Fund, Inc. has a 1 year low of $19.78 and a 1 year high of $24.49. The firm has a 50-day simple moving average of $23.35 and a two-hundred day simple moving average of $23.06.

Adams Natural Resources Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 5th were paid a dividend of $0.54 per share. This is a positive change from Adams Natural Resources Fund’s previous quarterly dividend of $0.16. This represents a $2.16 dividend on an annualized basis and a dividend yield of 9.66%. The ex-dividend date was Monday, August 5th.

Insider Activity at Adams Natural Resources Fund

In other Adams Natural Resources Fund news, major shareholder Saba Capital Management, L.P. bought 30,234 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was acquired at an average cost of $22.79 per share, for a total transaction of $689,032.86. Following the completion of the transaction, the insider now owns 2,604,860 shares in the company, valued at $59,364,759.40. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders acquired a total of 222,014 shares of company stock worth $5,187,276 in the last quarter. 0.06% of the stock is owned by company insiders.

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.