Adams Natural Resources Fund, Inc. (NYSE:PEO) Major Shareholder Saba Capital Management, L.P. Purchases 18,639 Shares

Adams Natural Resources Fund, Inc. (NYSE:PEO) major shareholder Saba Capital Management, L.P. acquired 18,639 shares of Adams Natural Resources Fund stock in a transaction on Friday, June 14th. The shares were purchased at an average cost of $22.74 per share, with a total value of $423,850.86. Following the completion of the acquisition, the insider now owns 2,574,626 shares of the company’s stock, valued at approximately $58,546,995.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, June 17th, Saba Capital Management, L.P. bought 30,234 shares of Adams Natural Resources Fund stock. The stock was purchased at an average price of $22.79 per share, for a total transaction of $689,032.86.

Adams Natural Resources Fund Stock Up 0.4 %

Shares of PEO stock traded up $0.09 on Tuesday, hitting $22.82. 56,909 shares of the stock were exchanged, compared to its average volume of 36,452. Adams Natural Resources Fund, Inc. has a one year low of $19.72 and a one year high of $24.25. The firm’s 50 day moving average is $23.32 and its two-hundred day moving average is $21.97.

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 given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.75%.

Institutional Trading of Adams Natural Resources Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Zazove Associates LLC purchased a new position in Adams Natural Resources Fund in the 4th quarter worth approximately $37,000. 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 last quarter. Vantage Financial Partners LLC purchased a new position in Adams Natural Resources Fund in the first quarter worth $201,000. Flow State Investments L.P. bought a new position in Adams Natural Resources Fund in the fourth quarter valued at $304,000. Finally, Alta Capital Management LLC purchased a new stake in Adams Natural Resources Fund during the fourth quarter valued at about $413,000. 33.54% of the stock is currently owned by institutional investors.

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.