Saba Capital Management, L.P. Buys 5,430 Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) Stock

Adams Natural Resources Fund, Inc. (NYSE:PEOGet Free Report) major shareholder Saba Capital Management, L.P. bought 5,430 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was purchased at an average cost of $23.58 per share, for a total transaction of $128,039.40. Following the completion of the transaction, the insider now owns 2,735,096 shares in the company, valued at $64,493,563.68. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Friday, July 5th, Saba Capital Management, L.P. bought 17,917 shares of Adams Natural Resources Fund stock. The stock was purchased at an average cost of $23.61 per share, for a total transaction of $423,020.37.
  • On Monday, July 1st, Saba Capital Management, L.P. bought 26,730 shares of Adams Natural Resources Fund stock. The stock was purchased at an average cost of $23.59 per share, for a total transaction of $630,560.70.
  • On Friday, June 28th, Saba Capital Management, L.P. purchased 23,459 shares of Adams Natural Resources Fund stock. The shares were bought at an average price of $23.56 per share, with a total value of $552,694.04.
  • On Wednesday, June 26th, Saba Capital Management, L.P. purchased 12,850 shares of Adams Natural Resources Fund stock. The shares were bought at an average price of $23.35 per share, with a total value of $300,047.50.
  • On Monday, June 24th, Saba Capital Management, L.P. purchased 12,081 shares of Adams Natural Resources Fund stock. The shares were bought 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. purchased 30,234 shares of Adams Natural Resources Fund stock. The shares were bought 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. purchased 18,639 shares of Adams Natural Resources Fund stock. The shares were bought at an average price of $22.74 per share, with a total value of $423,850.86.

Adams Natural Resources Fund Trading Down 0.1 %

PEO opened at $23.16 on Wednesday. The stock has a 50-day moving average of $23.24 and a 200-day moving average of $22.30. Adams Natural Resources Fund, Inc. has a 52-week low of $19.78 and a 52-week high of $24.25.

Adams Natural Resources Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors 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 1.73%.

Institutional Trading of Adams Natural Resources Fund

Several hedge funds have recently added to or reduced their stakes in the business. Kovack Advisors Inc. boosted its stake in 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 valued at $497,000 after purchasing an additional 1,191 shares during the period. Nations Financial Group Inc. IA ADV boosted its stake in Adams Natural Resources Fund by 2.1% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 59,107 shares of the financial services provider’s stock valued at $1,363,000 after purchasing an additional 1,217 shares during the period. Venturi Wealth Management LLC boosted its stake in 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 valued at $52,000 after purchasing an additional 1,665 shares during the period. Zazove Associates LLC bought a new stake in Adams Natural Resources Fund during the 4th quarter valued at approximately $37,000. Finally, D.A. Davidson & CO. boosted its stake 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 period. Institutional investors own 33.54% of the company’s stock.

About Adams Natural Resources Fund

(Get Free Report)

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.

Read More

Insider Buying and Selling by Quarter for Adams Natural Resources Fund (NYSE:PEO)

Receive News & Ratings for Adams Natural Resources Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adams Natural Resources Fund and related companies with MarketBeat.com's FREE daily email newsletter.