Capstone Investment Advisors LLC Makes New Investment in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Capstone Investment Advisors LLC acquired a new stake in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 53,699 shares of the financial services provider's stock, valued at approximately $1,247,000. Capstone Investment Advisors LLC owned approximately 0.21% of Adams Natural Resources Fund at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Adams Natural Resources Fund by 241.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,230 shares of the financial services provider's stock valued at $76,000 after acquiring an additional 2,283 shares during the period. Searle & CO. bought a new stake in Adams Natural Resources Fund in the second quarter valued at approximately $201,000. Simplicity Wealth LLC acquired a new stake in shares of Adams Natural Resources Fund in the second quarter valued at approximately $203,000. Miracle Mile Advisors LLC bought a new position in shares of Adams Natural Resources Fund during the 2nd quarter worth approximately $338,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Adams Natural Resources Fund during the 3rd quarter worth approximately $360,000. Institutional investors and hedge funds own 33.54% of the company's stock.

Adams Natural Resources Fund Trading Up 0.4 %

PEO stock traded up $0.09 during midday trading on Friday, reaching $23.68. 24,814 shares of the company were exchanged, compared to its average volume of 39,546. The business has a 50-day moving average price of $23.86 and a two-hundred day moving average price of $23.43. Adams Natural Resources Fund, Inc. has a one year low of $19.78 and a one year high of $24.79.

Adams Natural Resources Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 22nd will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 17.40%. The ex-dividend date is Friday, November 22nd. This is a boost from Adams Natural Resources Fund's previous quarterly dividend of $0.16.

Insider Activity

In other Adams Natural Resources Fund 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 bought at an average price of $22.85 per share, with a total value of $377,344.90. Following the completion of the transaction, the insider now owns 2,888,924 shares in the company, valued at $66,011,913.40. The trade was a 0.57 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have bought 41,945 shares of company stock valued at $951,310. 0.06% of the stock is owned by insiders.

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.