Pathstone Holdings LLC Raises Stake in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Pathstone Holdings LLC raised its holdings in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) by 149.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 291,504 shares of the financial services provider's stock after purchasing an additional 174,866 shares during the period. Pathstone Holdings LLC owned 1.14% of Adams Natural Resources Fund worth $6,771,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Simplicity Wealth LLC acquired a new position in Adams Natural Resources Fund in the 2nd quarter valued at about $203,000. Whitener Capital Management Inc. lifted its stake in shares of Adams Natural Resources Fund by 3.8% during 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 during the period. Miracle Mile Advisors LLC acquired a new stake in Adams Natural Resources Fund during the second quarter worth approximately $338,000. Searle & CO. acquired a new stake in Adams Natural Resources Fund during the second quarter worth approximately $201,000. Finally, Blue Bell Private Wealth Management LLC grew its stake in Adams Natural Resources Fund by 25.6% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 51,918 shares of the financial services provider's stock worth $1,226,000 after acquiring an additional 10,593 shares during the period. 33.54% of the stock is currently owned by institutional investors and hedge funds.

Adams Natural Resources Fund Trading Up 0.6 %

Shares of Adams Natural Resources Fund stock traded up $0.15 during trading hours on Friday, reaching $23.89. 42,522 shares of the company's stock were exchanged, compared to its average volume of 38,729. Adams Natural Resources Fund, Inc. has a 52-week low of $19.78 and a 52-week high of $24.79. The company has a fifty day moving average of $23.79 and a 200-day moving average of $23.42.

Adams Natural Resources Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 22nd will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 17.25%. This is a positive change from Adams Natural Resources Fund's previous quarterly dividend of $0.16. 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. purchased 10,476 shares of the firm's stock in a transaction on Tuesday, September 10th. The shares were bought at an average price 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 in the company, valued at $63,566,783.21. This trade represents a 0.37 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders acquired 42,045 shares of company stock worth $953,608 in the last 90 days. 0.06% of the stock is owned by company 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.