Blue Bell Private Wealth Management LLC Purchases 10,593 Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO)

Blue Bell Private Wealth Management LLC lifted its position in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 25.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,918 shares of the financial services provider’s stock after buying an additional 10,593 shares during the quarter. Blue Bell Private Wealth Management LLC’s holdings in Adams Natural Resources Fund were worth $1,226,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. purchased a new stake in Adams Natural Resources Fund in the fourth quarter worth about $478,000. D.A. Davidson & CO. increased its position 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. Simplicity Wealth LLC bought a new stake in shares of Adams Natural Resources Fund in the 2nd quarter valued at about $203,000. FCA Corp TX lifted its position in shares of Adams Natural Resources Fund by 5.4% in the 4th quarter. FCA Corp TX now owns 103,233 shares of the financial services provider’s stock worth $2,130,000 after purchasing an additional 5,251 shares during the period. Finally, Miracle Mile Advisors LLC bought a new position in shares of Adams Natural Resources Fund during the second quarter valued at approximately $338,000. Hedge funds and other institutional investors own 33.54% of the company’s stock.

Insider Transactions at Adams Natural Resources Fund

In other news, major shareholder Saba Capital Management, L.P. purchased 13,785 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was acquired at an average cost of $22.76 per share, with a total value of $313,746.60. Following the completion of the transaction, the insider now owns 2,853,687 shares in the company, valued at approximately $64,949,916.12. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders purchased 222,014 shares of company stock valued at $5,187,276. Corporate insiders own 0.06% of the company’s stock.

Adams Natural Resources Fund Price Performance

Shares of PEO stock opened at $22.37 on Friday. The company’s 50 day moving average is $23.35 and its 200 day moving average is $23.06. Adams Natural Resources Fund, Inc. has a 52-week low of $19.78 and a 52-week high of $24.49.

Adams Natural Resources Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 5th were issued a $0.54 dividend. The ex-dividend date was Monday, August 5th. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.16. This represents a $2.16 dividend on an annualized basis and a dividend yield of 9.66%.

Adams Natural Resources Fund 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.