53,699 Shares in Adams Natural Resources Fund, Inc. (NYSE:PEO) Acquired by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC bought a new stake in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) during the 3rd quarter, Holdings Channel reports. The firm bought 53,699 shares of the financial services provider’s stock, valued at approximately $1,247,000.

A number of other institutional investors also recently added to or reduced their stakes in PEO. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Adams Natural Resources Fund by 241.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,230 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 2,283 shares during the period. Searle & CO. acquired a new position in Adams Natural Resources Fund during the 2nd quarter valued at about $201,000. Simplicity Wealth LLC bought a new stake in shares of Adams Natural Resources Fund during the 2nd quarter worth about $203,000. Miracle Mile Advisors LLC acquired a new stake in shares of Adams Natural Resources Fund in the 2nd quarter worth approximately $338,000. Finally, Advisors Asset Management Inc. bought a new position in shares of Adams Natural Resources Fund in the third quarter valued at approximately $360,000. Institutional investors and hedge funds own 33.54% of the company’s stock.

Adams Natural Resources Fund Trading Down 0.5 %

NYSE PEO opened at $23.59 on Friday. The company’s 50 day simple moving average is $23.85 and its 200 day simple moving average is $23.42. Adams Natural Resources Fund, Inc. has a 12 month low of $19.78 and a 12 month high of $24.79.

Adams Natural Resources Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 22nd will be issued a dividend of $1.03 per share. This is a positive change from Adams Natural Resources Fund’s previous quarterly dividend of $0.16. This represents a $4.12 dividend on an annualized basis and a yield of 17.47%. The ex-dividend date of this dividend is Friday, November 22nd.

Insider Buying and Selling at Adams Natural Resources Fund

In related news, major shareholder Saba Capital Management, L.P. bought 10,476 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average cost of $22.19 per share, for a total transaction of $232,462.44. Following the acquisition, the insider now directly owns 2,864,659 shares of the company’s stock, valued at $63,566,783.21. The trade was a 0.37 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders acquired 41,945 shares of company stock valued at $951,310. 0.06% of the stock is owned by insiders.

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.