Adams Diversified Equity Fund Inc. Purchases 51,905 Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO)

Adams Diversified Equity Fund Inc. increased its stake in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) by 2.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,238,679 shares of the financial services provider's stock after purchasing an additional 51,905 shares during the period. Adams Natural Resources Fund makes up 1.9% of Adams Diversified Equity Fund Inc.'s holdings, making the stock its 8th biggest holding. Adams Diversified Equity Fund Inc. owned 8.78% of Adams Natural Resources Fund worth $51,982,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of PEO. Vantage Financial Partners LLC acquired a new stake in Adams Natural Resources Fund in the first quarter valued at about $201,000. Simplicity Wealth LLC acquired a new stake in Adams Natural Resources Fund in the second quarter valued at about $203,000. Whitener Capital Management Inc. boosted its stake in Adams Natural Resources Fund by 3.8% in the second quarter. Whitener Capital Management Inc. now owns 73,947 shares of the financial services provider's stock valued at $1,746,000 after buying an additional 2,692 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in Adams Natural Resources Fund in the second quarter valued at about $338,000. Finally, Searle & CO. acquired a new stake in Adams Natural Resources Fund in the second quarter valued at about $201,000. Institutional investors own 33.54% of the company's stock.

Insider Activity at Adams Natural Resources Fund

In other Adams Natural Resources Fund news, major shareholder Saba Capital Management, L.P. acquired 16,514 shares of Adams Natural Resources Fund stock in a transaction that occurred on Thursday, September 26th. The shares were acquired at an average cost of $22.85 per share, with a total value of $377,344.90. Following the completion of the purchase, the insider now directly owns 2,888,924 shares of the company's stock, valued at $66,011,913.40. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have acquired 62,966 shares of company stock valued at $1,442,717 over the last ninety days. 0.06% of the stock is owned by corporate insiders.

Adams Natural Resources Fund Stock Performance

NYSE:PEO traded up $0.08 during trading hours on Wednesday, hitting $23.48. The company's stock had a trading volume of 25,847 shares, compared to its average volume of 39,314. The stock has a fifty day simple moving average of $23.30 and a 200-day simple moving average of $23.32. Adams Natural Resources Fund, Inc. has a twelve month low of $19.78 and a twelve month high of $24.51.

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.