Penserra Capital Management LLC Invests $4.70 Million in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Penserra Capital Management LLC acquired a new position in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 205,867 shares of the financial services provider's stock, valued at approximately $4,695,000. Penserra Capital Management LLC owned 0.78% of Adams Natural Resources Fund as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC boosted its stake in Adams Natural Resources Fund by 23.6% in the 4th quarter. LPL Financial LLC now owns 56,942 shares of the financial services provider's stock valued at $1,238,000 after purchasing an additional 10,880 shares during the period. Focus Partners Wealth grew its stake in shares of Adams Natural Resources Fund by 3.6% in the fourth quarter. Focus Partners Wealth now owns 15,570 shares of the financial services provider's stock valued at $338,000 after acquiring an additional 541 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Adams Natural Resources Fund in the 4th quarter worth about $4,944,000. Stifel Financial Corp raised its stake in Adams Natural Resources Fund by 1.6% in the 4th quarter. Stifel Financial Corp now owns 75,452 shares of the financial services provider's stock worth $1,640,000 after purchasing an additional 1,192 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. boosted its holdings in Adams Natural Resources Fund by 4.6% in the 4th quarter. Adams Diversified Equity Fund Inc. now owns 2,340,933 shares of the financial services provider's stock valued at $50,892,000 after purchasing an additional 102,254 shares during the period. Institutional investors and hedge funds own 33.54% of the company's stock.

Adams Natural Resources Fund Trading Down 1.1%

NYSE:PEO traded down $0.24 during trading hours on Monday, reaching $21.64. 29,613 shares of the company were exchanged, compared to its average volume of 52,794. The business has a 50 day moving average of $20.80 and a 200 day moving average of $21.48. Adams Natural Resources Fund, Inc. has a 1-year low of $18.35 and a 1-year high of $24.23.

Adams Natural Resources Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, April 28th were given 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 9.61%.

Adams Natural Resources Fund 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.