Wolverine Asset Management LLC Grows Stock Holdings in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Wolverine Asset Management LLC increased its stake in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) by 1,206.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 24,086 shares of the financial services provider's stock after buying an additional 22,242 shares during the period. Wolverine Asset Management LLC owned 0.09% of Adams Natural Resources Fund worth $559,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 period. Searle & CO. bought a new stake in Adams Natural Resources Fund during the 2nd quarter worth approximately $201,000. Simplicity Wealth LLC bought a new position in Adams Natural Resources Fund during the 2nd quarter worth $203,000. Miracle Mile Advisors LLC bought a new stake in Adams Natural Resources Fund in the second quarter valued at approximately $338,000. Finally, Cullen Investment Group LTD. increased its position in shares of Adams Natural Resources Fund by 2.1% during the third quarter. Cullen Investment Group LTD. now owns 28,240 shares of the financial services provider's stock worth $656,000 after buying an additional 580 shares during the period. 33.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Adams Natural Resources Fund

In related news, major shareholder Saba Capital Management, L.P. acquired 10,476 shares of the firm's stock in a transaction on Tuesday, September 10th. The stock was purchased at an average cost of $22.19 per share, with a total value of $232,462.44. Following the acquisition, the insider now owns 2,864,659 shares of the company's stock, valued at approximately $63,566,783.21. This trade represents a 0.37 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have bought 53,103 shares of company stock valued at $1,204,624 over the last ninety days. 0.06% of the stock is owned by company insiders.

Adams Natural Resources Fund Stock Down 0.5 %

Shares of NYSE:PEO traded down $0.12 during midday trading on Thursday, reaching $24.28. The company's stock had a trading volume of 31,536 shares, compared to its average volume of 39,215. Adams Natural Resources Fund, Inc. has a fifty-two week low of $19.78 and a fifty-two week high of $24.51. The firm has a 50 day moving average price of $23.53 and a two-hundred day moving average price of $23.37.

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.