Landscape Capital Management L.L.C. Acquires 398,729 Shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX)

Landscape Capital Management L.L.C. increased its stake in shares of Adams Diversified Equity Fund, Inc. (NYSE:ADX - Free Report) by 2,789.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 413,023 shares of the closed-end fund's stock after purchasing an additional 398,729 shares during the quarter. Adams Diversified Equity Fund makes up approximately 0.9% of Landscape Capital Management L.L.C.'s portfolio, making the stock its 8th largest position. Landscape Capital Management L.L.C. owned about 0.33% of Adams Diversified Equity Fund worth $8,905,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ADX. Farther Finance Advisors LLC purchased a new position in shares of Adams Diversified Equity Fund during the 3rd quarter valued at $30,000. Rothschild Investment LLC acquired a new position in Adams Diversified Equity Fund in the 2nd quarter worth about $45,000. Sunbelt Securities Inc. raised its stake in shares of Adams Diversified Equity Fund by 23,200.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 2,563 shares of the closed-end fund's stock worth $55,000 after purchasing an additional 2,552 shares in the last quarter. Great Valley Advisor Group Inc. acquired a new stake in shares of Adams Diversified Equity Fund during the 2nd quarter valued at about $206,000. Finally, Founders Capital Management LLC bought a new stake in shares of Adams Diversified Equity Fund in the 2nd quarter valued at approximately $225,000. 28.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Frederic A. Escherich sold 9,500 shares of the business's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $21.93, for a total value of $208,335.00. Following the completion of the sale, the director now directly owns 49,908 shares in the company, valued at approximately $1,094,482.44. The trade was a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jane Musser Nelson bought 1,155 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the completion of the purchase, the director now directly owns 4,982 shares in the company, valued at $108,059.58. The trade was a 30.18 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.11% of the company's stock.

Adams Diversified Equity Fund Stock Down 1.1 %

Shares of ADX opened at $22.29 on Thursday. The firm's 50 day moving average price is $21.74 and its 200 day moving average price is $21.24. Adams Diversified Equity Fund, Inc. has a twelve month low of $16.75 and a twelve month high of $22.63.

Adams Diversified Equity Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, November 22nd will be paid a $1.96 dividend. This represents a $7.84 annualized dividend and a dividend yield of 35.17%. The ex-dividend date of this dividend is Friday, November 22nd.

About Adams Diversified Equity Fund

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.

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