Wolverine Asset Management LLC Invests $1.17 Million in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Key Points

• Wolverine Asset Management LLC has acquired a new stake in Adams Natural Resources Fund, Inc. (NYSE: PEO), purchasing 51,074 shares valued at approximately $1,165,000.
• Adams Natural Resources Fund's dividends have increased significantly, with a new payout of $0.51 per share, leading to an impressive yield of 931.0%.
• Institutional investors currently own around 33.54% of Adams Natural Resources Fund, with notable increases in holdings reported by several firms in the last quarter.

Wolverine Asset Management LLC bought 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 51,074 shares of the financial services provider's stock, valued at approximately $1,165,000. Wolverine Asset Management LLC owned approximately 0.19% of Adams Natural Resources Fund as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Cetera Investment Advisers increased its stake in shares of Adams Natural Resources Fund by 23.1% during the first quarter. Cetera Investment Advisers now owns 25,598 shares of the financial services provider's stock worth $584,000 after purchasing an additional 4,802 shares in the last quarter. Kovack Advisors Inc. grew its stake in Adams Natural Resources Fund by 9.2% during the 1st quarter. Kovack Advisors Inc. now owns 24,842 shares of the financial services provider's stock valued at $567,000 after acquiring an additional 2,102 shares in the last quarter. Burney Co. purchased a new stake in Adams Natural Resources Fund during the 1st quarter valued at about $632,000. Blue Bell Private Wealth Management LLC grew its stake in Adams Natural Resources Fund by 9.4% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 112,985 shares of the financial services provider's stock valued at $2,577,000 after acquiring an additional 9,730 shares in the last quarter. Finally, Whitener Capital Management Inc. grew its stake in Adams Natural Resources Fund by 5.3% during the 1st quarter. Whitener Capital Management Inc. now owns 76,715 shares of the financial services provider's stock valued at $1,750,000 after acquiring an additional 3,848 shares in the last quarter. Hedge funds and other institutional investors own 33.54% of the company's stock.

Adams Natural Resources Fund Stock Up 1.1%

NYSE PEO traded up $0.23 during trading hours on Tuesday, hitting $20.94. 1,721 shares of the company's stock traded hands, compared to its average volume of 60,690. Adams Natural Resources Fund, Inc. has a 52-week low of $18.34 and a 52-week high of $24.79. The firm's 50-day moving average is $21.51 and its 200-day moving average is $21.33.

Adams Natural Resources Fund Increases Dividend

The company also recently declared a -- dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, July 28th will be paid a $0.51 dividend. This is a positive change from Adams Natural Resources Fund's previous -- dividend of $0.16. The ex-dividend date of this dividend is Monday, July 28th. This represents a dividend yield of 931.0%.

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.