PFG Investments LLC Buys New Stake in Adams Natural Resources Fund, Inc. (NYSE:PEO)

PFG Investments LLC bought a new stake in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 14,319 shares of the financial services provider's stock, valued at approximately $327,000. PFG Investments LLC owned about 0.05% of Adams Natural Resources Fund as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Focus Partners Wealth grew its position 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 worth $338,000 after purchasing an additional 541 shares during the period. Medici Capital LLC boosted its holdings in Adams Natural Resources Fund by 2.4% in the 1st quarter. Medici Capital LLC now owns 26,294 shares of the financial services provider's stock worth $600,000 after buying an additional 606 shares during the period. Cullen Investment Group LTD. boosted its holdings in Adams Natural Resources Fund by 2.1% in the 1st quarter. Cullen Investment Group LTD. now owns 29,403 shares of the financial services provider's stock worth $671,000 after buying an additional 617 shares during the period. Moors & Cabot Inc. boosted its holdings in Adams Natural Resources Fund by 4.6% in the 4th quarter. Moors & Cabot Inc. now owns 15,298 shares of the financial services provider's stock worth $333,000 after buying an additional 669 shares during the period. Finally, Kovack Advisors Inc. lifted its stake in Adams Natural Resources Fund by 4.6% in the 4th quarter. Kovack Advisors Inc. now owns 22,740 shares of the financial services provider's stock worth $494,000 after purchasing an additional 991 shares in the last quarter. 33.54% of the stock is currently owned by hedge funds and other institutional investors.

Adams Natural Resources Fund Stock Down 0.3%

PEO stock traded down $0.07 during mid-day trading on Friday, hitting $21.43. The company had a trading volume of 43,180 shares, compared to its average volume of 52,663. Adams Natural Resources Fund, Inc. has a 12-month low of $18.35 and a 12-month high of $24.23. The company has a 50-day moving average price of $20.65 and a 200 day moving average price of $21.48.

Adams Natural Resources Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Monday, April 28th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 9.71%. The ex-dividend date of this dividend was Monday, April 28th.

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.