Penserra Capital Management LLC bought a new stake in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 205,867 shares of the financial services provider's stock, valued at approximately $4,695,000. Penserra Capital Management LLC owned about 0.78% of Adams Natural Resources Fund as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in Adams Natural Resources Fund by 23.6% in the fourth quarter. LPL Financial LLC now owns 56,942 shares of the financial services provider's stock valued at $1,238,000 after acquiring an additional 10,880 shares during the period. Focus Partners Wealth raised its stake in Adams Natural Resources Fund by 3.6% in 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. Raymond James Financial Inc. acquired a new position in Adams Natural Resources Fund in the 4th quarter valued at $4,944,000. Stifel Financial Corp increased its stake in shares of 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 acquiring an additional 1,192 shares during the last quarter. Finally, Adams Diversified Equity Fund Inc. increased its stake in shares of 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 worth $50,892,000 after acquiring an additional 102,254 shares during the last quarter. Hedge funds and other institutional investors own 33.54% of the company's stock.
Adams Natural Resources Fund Stock Up 0.2%
Shares of PEO traded up $0.04 during midday trading on Thursday, reaching $22.04. The company had a trading volume of 46,756 shares, compared to its average volume of 52,953. Adams Natural Resources Fund, Inc. has a 1-year low of $18.35 and a 1-year high of $24.23. The firm has a 50 day simple moving average of $20.91 and a 200-day simple moving average of $21.49.
Adams Natural Resources Fund Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, April 28th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 9.44%. The ex-dividend date was Monday, April 28th.
About Adams Natural Resources Fund
(
Free Report)
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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