Baird Financial Group Inc. Reduces Holdings in Adams Natural Resources Fund, Inc. $PEO

Key Points

• Baird Financial Group Inc. reduced its holdings in Adams Natural Resources Fund by 50.1%, selling 27,148 shares and leaving it with approximately 0.10% of the fund's stock valued at $617,000.
• Adams Natural Resources Fund announced a quarterly dividend of $0.51 per share, representing a significant increase from the previous $0.16 dividend, resulting in a yield of 9.4%.
• Institutional ownership of Adams Natural Resources Fund stands at 33.54%, indicating a notable interest from various investment firms in the company's stock.

Baird Financial Group Inc. trimmed its position in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) by 50.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,046 shares of the financial services provider's stock after selling 27,148 shares during the quarter. Baird Financial Group Inc. owned 0.10% of Adams Natural Resources Fund worth $617,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. NBC Securities Inc. grew its holdings in shares of Adams Natural Resources Fund by 114,200.0% during the 1st quarter. NBC Securities Inc. now owns 1,143 shares of the financial services provider's stock worth $26,000 after purchasing an additional 1,142 shares during the period. Comerica Bank grew its stake in Adams Natural Resources Fund by 38.1% during the first quarter. Comerica Bank now owns 1,859 shares of the financial services provider's stock worth $42,000 after buying an additional 513 shares during the period. Elequin Capital LP acquired a new stake in shares of Adams Natural Resources Fund in the first quarter worth $81,000. Joel Isaacson & Co. LLC purchased a new position in shares of Adams Natural Resources Fund in the 1st quarter valued at $254,000. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of Adams Natural Resources Fund in the 1st quarter valued at $317,000. 33.54% of the stock is owned by institutional investors and hedge funds.

Adams Natural Resources Fund Stock Performance

Shares of NYSE:PEO traded up $0.25 during midday trading on Tuesday, hitting $21.71. 52,455 shares of the company's stock traded hands, compared to its average volume of 44,669. The firm's fifty day moving average price is $21.51 and its two-hundred day moving average price is $21.18. Adams Natural Resources Fund, Inc. has a twelve month low of $18.34 and a twelve month high of $24.79.

Adams Natural Resources Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, July 28th were given a $0.51 dividend. The ex-dividend date of this dividend was Monday, July 28th. This is a positive change from Adams Natural Resources Fund's previous quarterly dividend of $0.16. This represents a $2.04 annualized dividend and a dividend yield of 9.4%.

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.