Wolverine Asset Management LLC Buys Shares of 51,074 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 stake in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 51,074 shares of the financial services provider's stock, valued at approximately $1,165,000. Wolverine Asset Management LLC owned about 0.19% of Adams Natural Resources Fund as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in PEO. LPL Financial LLC lifted its holdings in shares of 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 last quarter. Raymond James Financial Inc. purchased a new stake in Adams Natural Resources Fund during the 4th quarter valued at approximately $4,944,000. NewEdge Advisors LLC raised its stake in Adams Natural Resources Fund by 13.6% during the 4th quarter. NewEdge Advisors LLC now owns 11,706 shares of the financial services provider's stock valued at $254,000 after acquiring an additional 1,405 shares during the last quarter. First Trust Advisors LP raised its stake in Adams Natural Resources Fund by 5.2% during the 4th quarter. First Trust Advisors LP now owns 56,354 shares of the financial services provider's stock valued at $1,225,000 after acquiring an additional 2,772 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in Adams Natural Resources Fund by 1.6% during the 4th quarter. Stifel Financial Corp now owns 75,452 shares of the financial services provider's stock valued at $1,640,000 after acquiring an additional 1,192 shares during the last quarter. 33.54% of the stock is owned by hedge funds and other institutional investors.

Adams Natural Resources Fund Stock Down 0.1%

PEO traded down $0.02 on Thursday, hitting $20.96. 48,876 shares of the company traded hands, compared to its average volume of 68,212. The company has a 50 day moving average of $21.54 and a 200-day moving average of $21.31. Adams Natural Resources Fund, Inc. has a 12-month low of $18.34 and a 12-month high of $24.79.

Adams Natural Resources Fund Increases Dividend

The business also recently disclosed a -- dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, July 28th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, July 28th. This represents a yield of 931.0%. This is a boost from Adams Natural Resources Fund's previous -- dividend of $0.16.

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.