Potrero Capital Research LLC Trims Stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Potrero Capital Research LLC lowered its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX) by 29.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 442,735 shares of the closed-end fund’s stock after selling 186,319 shares during the quarter. Adams Diversified Equity Fund comprises 3.0% of Potrero Capital Research LLC’s portfolio, making the stock its 12th largest position. Potrero Capital Research LLC owned approximately 0.36% of Adams Diversified Equity Fund worth $9,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC purchased a new stake in Adams Diversified Equity Fund in the third quarter worth about $30,000. Rothschild Investment LLC purchased a new stake in Adams Diversified Equity Fund in the second quarter worth about $45,000. Sunbelt Securities Inc. grew its holdings in Adams Diversified Equity Fund by 23,200.0% in the second quarter. Sunbelt Securities Inc. now owns 2,563 shares of the closed-end fund’s stock worth $55,000 after purchasing an additional 2,552 shares during the period. Great Valley Advisor Group Inc. purchased a new stake in Adams Diversified Equity Fund in the second quarter worth about $206,000. Finally, Founders Capital Management LLC purchased a new stake in Adams Diversified Equity Fund in the second quarter worth about $225,000. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Insider Activity

In other news, Director Frederic A. Escherich sold 9,500 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $21.93, for a total transaction of $208,335.00. Following the sale, the director now owns 49,908 shares in the company, valued at $1,094,482.44. This represents a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jane Musser Nelson acquired 1,155 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were bought at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the transaction, the director now owns 4,982 shares of the company’s stock, valued at $108,059.58. This trade represents a 30.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.11% of the company’s stock.

Adams Diversified Equity Fund Stock Performance

Shares of ADX opened at $20.66 on Wednesday. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $16.92 and a fifty-two week high of $22.63. The firm’s 50-day simple moving average is $21.63 and its two-hundred day simple moving average is $21.31.

Adams Diversified Equity Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be issued a dividend of $1.96 per share. This represents a $7.84 dividend on an annualized basis and a dividend yield of 37.95%. The ex-dividend date is Friday, November 22nd.

Adams Diversified Equity Fund Company Profile

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.