Baird Financial Group Inc. Sells 27,148 Shares of 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. cut its position in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) by 50.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,046 shares of the financial services provider's stock after selling 27,148 shares during the quarter. Baird Financial Group Inc. owned approximately 0.10% of Adams Natural Resources Fund worth $617,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Focus Partners Wealth increased its position in shares of Adams Natural Resources Fund by 3.6% during the 4th quarter. Focus Partners Wealth now owns 15,570 shares of the financial services provider's stock valued at $338,000 after purchasing an additional 541 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Adams Natural Resources Fund by 23.1% during the 1st quarter. Cetera Investment Advisers now owns 25,598 shares of the financial services provider's stock valued at $584,000 after purchasing an additional 4,802 shares during the last quarter. Penserra Capital Management LLC bought a new position in shares of Adams Natural Resources Fund during the 1st quarter valued at about $4,695,000. Adams Diversified Equity Fund Inc. increased its position in shares of Adams Natural Resources Fund by 2.4% during the 1st quarter. Adams Diversified Equity Fund Inc. now owns 2,396,247 shares of the financial services provider's stock valued at $54,658,000 after purchasing an additional 55,314 shares during the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of Adams Natural Resources Fund by 1.4% during the 1st quarter. D.A. Davidson & CO. now owns 64,895 shares of the financial services provider's stock valued at $1,480,000 after purchasing an additional 921 shares during the last quarter. 33.54% of the stock is currently owned by institutional investors.

Adams Natural Resources Fund Stock Performance

Shares of PEO stock opened at $21.63 on Thursday. Adams Natural Resources Fund, Inc. has a 1-year low of $18.34 and a 1-year high of $24.79. The business has a 50-day moving average of $21.53 and a 200 day moving average of $21.21.

Adams Natural Resources Fund Increases Dividend

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

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.

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