Sanctuary Advisors LLC Takes Position in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Sanctuary Advisors LLC bought a new stake in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 24,697 shares of the financial services provider's stock, valued at approximately $590,000. Sanctuary Advisors LLC owned approximately 0.10% of Adams Natural Resources Fund as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 worth $76,000 after purchasing an additional 2,283 shares during the last quarter. Searle & CO. bought a new position in shares of Adams Natural Resources Fund during the 2nd quarter worth approximately $201,000. Advisors Asset Management Inc. purchased a new position in shares of Adams Natural Resources Fund in the 3rd quarter worth approximately $360,000. Wolverine Asset Management LLC grew its holdings in shares of Adams Natural Resources Fund by 1,206.2% in the third quarter. Wolverine Asset Management LLC now owns 24,086 shares of the financial services provider's stock valued at $559,000 after acquiring an additional 22,242 shares in the last quarter. Finally, Cullen Investment Group LTD. grew its holdings in shares of Adams Natural Resources Fund by 2.1% in the third quarter. Cullen Investment Group LTD. now owns 28,240 shares of the financial services provider's stock valued at $656,000 after acquiring an additional 580 shares in the last quarter. Hedge funds and other institutional investors own 33.54% of the company's stock.

Insider Transactions at Adams Natural Resources Fund

In related news, major shareholder Saba Capital Management, L.P. bought 16,514 shares of Adams Natural Resources Fund stock in a transaction dated Thursday, September 26th. The stock was purchased at an average cost of $22.85 per share, with a total value of $377,344.90. Following the transaction, the insider now directly owns 2,888,924 shares of the company's stock, valued at approximately $66,011,913.40. The trade was a 0.57 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.06% of the company's stock.

Adams Natural Resources Fund Stock Performance

Shares of PEO traded up $0.18 on Wednesday, reaching $21.33. 51,232 shares of the company's stock traded hands, compared to its average volume of 41,022. The stock's 50 day simple moving average is $23.29 and its two-hundred day simple moving average is $23.28. Adams Natural Resources Fund, Inc. has a 52-week low of $19.85 and a 52-week high of $24.79.

Adams Natural Resources Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 22nd were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 22nd. This is a positive change from Adams Natural Resources Fund's previous quarterly dividend of $0.16. This represents a $4.12 annualized dividend and a dividend yield of 19.32%.

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.