Insider Buying: Adams Natural Resources Fund, Inc. (NYSE:PEO) Major Shareholder Purchases 12,850 Shares of Stock

Adams Natural Resources Fund, Inc. (NYSE:PEO) major shareholder Saba Capital Management, L.P. acquired 12,850 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was purchased at an average cost of $23.35 per share, for a total transaction of $300,047.50. Following the acquisition, the insider now owns 2,670,081 shares in the company, valued at $62,346,391.35. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Monday, June 24th, Saba Capital Management, L.P. bought 12,081 shares of Adams Natural Resources Fund stock. The stock was purchased at an average price of $23.22 per share, with a total value of $280,520.82.
• On Monday, June 17th, Saba Capital Management, L.P. acquired 30,234 shares of Adams Natural Resources Fund stock. The shares were acquired at an average price of $22.79 per share, with a total value of $689,032.86.
• On Friday, June 14th, Saba Capital Management, L.P. bought 18,639 shares of Adams Natural Resources Fund stock. The stock was acquired at an average price of $22.74 per share, for a total transaction of $423,850.86.

Adams Natural Resources Fund Trading Down 0.0 %

Shares of NYSE:PEO traded down $0.01 on Thursday, hitting $23.44. The company’s stock had a trading volume of 15,728 shares, compared to its average volume of 36,621. Adams Natural Resources Fund, Inc. has a 12 month low of $19.78 and a 12 month high of $24.25. The stock’s 50-day moving average is $23.24 and its two-hundred day moving average is $22.11.

Adams Natural Resources Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.40 annualized dividend and a yield of 1.71%.

Institutional Trading of Adams Natural Resources Fund

A number of institutional investors have recently made changes to their positions in the stock. Vantage Financial Partners LLC bought a new stake in Adams Natural Resources Fund during the first quarter worth approximately $201,000. Blue Bell Private Wealth Management LLC boosted its stake in Adams Natural Resources Fund by 30.8% during the first quarter. Blue Bell Private Wealth Management LLC now owns 41,325 shares of the financial services provider’s stock valued at $953,000 after buying an additional 9,742 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in Adams Natural Resources Fund by 2.1% during the first quarter. Nations Financial Group Inc. IA ADV now owns 59,107 shares of the financial services provider’s stock worth $1,363,000 after acquiring an additional 1,217 shares during the period. Flow State Investments L.P. bought a new stake in Adams Natural Resources Fund in the fourth quarter worth about $304,000. Finally, Quantedge Capital Pte Ltd lifted its holdings 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 valued at $1,193,000 after acquiring an additional 13,944 shares during the last quarter. 33.54% of the stock is owned by institutional investors and hedge funds.

About Adams Natural Resources Fund

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.