Concurrent Investment Advisors LLC Makes New Investment in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Concurrent Investment Advisors LLC acquired a new stake in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,890 shares of the financial services provider's stock, valued at approximately $317,000. Concurrent Investment Advisors LLC owned about 0.05% of Adams Natural Resources Fund as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Adams Diversified Equity Fund Inc. lifted its stake in shares of Adams Natural Resources Fund by 2.4% in the first 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 buying an additional 55,314 shares during the period. Pathstone Holdings LLC increased its holdings in shares of Adams Natural Resources Fund by 42.1% during the fourth quarter. Pathstone Holdings LLC now owns 414,351 shares of the financial services provider's stock worth $9,011,000 after buying an additional 122,847 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Adams Natural Resources Fund during the fourth quarter worth approximately $4,944,000. Capstone Investment Advisors LLC increased its holdings in shares of Adams Natural Resources Fund by 111.8% during the fourth quarter. Capstone Investment Advisors LLC now owns 113,761 shares of the financial services provider's stock worth $2,473,000 after buying an additional 60,062 shares in the last quarter. Finally, FCA Corp TX increased its holdings in shares of Adams Natural Resources Fund by 3.5% during the fourth quarter. FCA Corp TX now owns 112,897 shares of the financial services provider's stock worth $2,454,000 after buying an additional 3,860 shares in the last quarter. Institutional investors and hedge funds own 33.54% of the company's stock.

Adams Natural Resources Fund Trading Down 1.1%

Shares of NYSE PEO traded down $0.25 during midday trading on Tuesday, reaching $21.86. 128,069 shares of the stock were exchanged, compared to its average volume of 53,770. Adams Natural Resources Fund, Inc. has a 12 month low of $18.35 and a 12 month high of $24.23. The business has a 50-day simple moving average of $20.99 and a two-hundred day simple moving average of $21.50.

Adams Natural Resources Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, April 28th were paid a dividend of $0.52 per share. The ex-dividend date was Monday, April 28th. This represents a $2.08 annualized dividend and a dividend yield of 9.52%.

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.