1607 Capital Partners LLC Trims Position in Adams Natural Resources Fund, Inc. (NYSE:PEO)

1607 Capital Partners LLC reduced its position in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) by 25.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 61,634 shares of the financial services provider's stock after selling 20,704 shares during the quarter. 1607 Capital Partners LLC owned 0.24% of Adams Natural Resources Fund worth $1,340,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Stifel Financial Corp raised its holdings in Adams Natural Resources Fund by 2.2% in the 3rd quarter. Stifel Financial Corp now owns 74,260 shares of the financial services provider's stock worth $1,724,000 after acquiring an additional 1,582 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Adams Natural Resources Fund during the third quarter valued at $590,000. City State Bank purchased a new position in shares of Adams Natural Resources Fund in the fourth quarter worth approximately $25,000. Cullen Investment Group LTD. increased its holdings in Adams Natural Resources Fund by 1.9% during the fourth quarter. Cullen Investment Group LTD. now owns 28,786 shares of the financial services provider's stock valued at $626,000 after buying an additional 546 shares during the last quarter. Finally, Priebe Wealth Holdings LLC bought a new position in Adams Natural Resources Fund in the fourth quarter worth approximately $317,000. 33.54% of the stock is owned by hedge funds and other institutional investors.

Adams Natural Resources Fund Trading Down 3.1 %

Shares of NYSE:PEO traded down $0.62 during midday trading on Monday, hitting $19.70. The company had a trading volume of 23,319 shares, compared to its average volume of 50,122. Adams Natural Resources Fund, Inc. has a 12-month low of $18.35 and a 12-month high of $24.23. The company has a fifty day moving average of $21.64 and a two-hundred day moving average of $22.56.

Insider Activity

In other Adams Natural Resources Fund news, VP Gregory W. Buckley bought 1,450 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The shares were bought at an average price of $23.30 per share, with a total value of $33,785.00. Following the purchase, the vice president now owns 17,604 shares of the company's stock, valued at $410,173.20. This trade represents a 8.98 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.13% of the company's stock.

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.