Uncommon Cents Investing LLC Cuts Position in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Uncommon Cents Investing LLC lessened its position in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 1.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,483 shares of the financial services provider’s stock after selling 1,228 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Adams Natural Resources Fund were worth $1,441,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its holdings 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 buying an additional 1,665 shares in the last quarter. Raymond James & Associates grew its holdings in Adams Natural Resources Fund by 22.2% during the 4th quarter. Raymond James & Associates now owns 224,749 shares of the financial services provider’s stock valued at $4,637,000 after buying an additional 40,832 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in Adams Natural Resources Fund by 13.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 53,709 shares of the financial services provider’s stock valued at $1,108,000 after buying an additional 6,471 shares in the last quarter. Principal Securities Inc. purchased a new position in Adams Natural Resources Fund during the 4th quarter valued at approximately $478,000. Finally, Kovack Advisors Inc. grew its holdings 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 buying an additional 1,191 shares in the last quarter. Hedge funds and other institutional investors own 33.54% of the company’s stock.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. acquired 30,234 shares of the stock in a transaction dated Monday, June 17th. The stock was acquired at an average cost of $22.79 per share, with a total value of $689,032.86. Following the purchase, the insider now directly owns 2,604,860 shares of the company’s stock, valued at $59,364,759.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased 125,063 shares of company stock valued at $2,901,381 in the last ninety days. Insiders own 0.06% of the company’s stock.

Adams Natural Resources Fund Stock Performance

NYSE PEO traded up $0.22 during trading on Thursday, hitting $23.61. 13,715 shares of the stock traded hands, compared to its average volume of 43,526. The firm has a 50-day simple moving average of $23.25 and a 200-day simple moving average of $22.22. Adams Natural Resources Fund, Inc. has a 12-month low of $19.78 and a 12-month high of $24.25.

Adams Natural Resources Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Thursday, May 16th.

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.