Zazove Associates LLC Buys Shares of 1,800 Adams Natural Resources Fund, Inc. (NYSE:PEO)

Zazove Associates LLC purchased a new position in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,800 shares of the financial services provider’s stock, valued at approximately $37,000.

A number of other institutional investors have also modified their holdings of PEO. Cullen Investment Group LTD. acquired a new position in Adams Natural Resources Fund in the fourth quarter valued at $568,000. Blue Bell Private Wealth Management LLC increased its stake in shares of Adams Natural Resources Fund by 117.6% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 31,583 shares of the financial services provider’s stock valued at $652,000 after acquiring an additional 17,068 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings 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 during the period. Alta Capital Management LLC purchased a new position in shares of Adams Natural Resources Fund during the 4th quarter worth about $413,000. Finally, Raymond James & Associates boosted its position in shares of Adams Natural Resources Fund by 22.2% in the fourth 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 during the last quarter. Institutional investors and hedge funds own 33.54% of the company’s stock.

Insider Transactions at Adams Natural Resources Fund

In other news, VP Gregory W. Buckley acquired 3,350 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were bought at an average cost of $20.50 per share, for a total transaction of $68,675.00. Following the acquisition, the vice president now directly owns 12,936 shares in the company, valued at approximately $265,188. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.06% of the company’s stock.

Adams Natural Resources Fund Price Performance

Adams Natural Resources Fund stock traded down $0.05 during trading on Wednesday, reaching $23.23. The company had a trading volume of 41,961 shares, compared to its average volume of 35,404. Adams Natural Resources Fund, Inc. has a 12-month low of $19.22 and a 12-month high of $24.25. The stock’s 50 day moving average price is $22.26 and its two-hundred day moving average price is $21.47.

Adams Natural Resources Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, February 8th. This represents a $0.40 annualized dividend and a dividend yield of 1.72%.

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.