Adams Diversified Equity Fund - ADX Stock Forecast, Price & News

Adams Diversified Equity Fund, Inc. is a publicly owned investment manager. The firm provides its services to investment companies. The firm invests in the public equity markets of the United States. It invests in stocks of large-cap companies across diversified sectors to make its investments. The firm employs a fundamental, technical and quantitative analysis with a bottom-up stock picking approach, while focusing on earnings growth prospects, financial strength, cash flow generation, macro-economics, capital allocation, market competition, profitability. It obtains external research to complement its in-house research to make its investments. The firm benchmarks the performance of its portfolios against the S&P 500 Index. It was formerly known as The Adams Express Company. Adams Diversified Equity Fund, Inc. was founded in 1840 and is based in Baltimore, Maryland.

Adams Diversified Equity Fund Stock Up 0.2 %

Shares of ADX Stock traded up $0.04 during trading on Thursday, reaching $16.97. 147,124 shares of the company's stock were exchanged, compared to its average volume of 204,451. Adams Diversified Equity Fund has a twelve month low of $14.65 and a twelve month high of $22.33. The firm's fifty day moving average price is $15.91 and its 200-day moving average price is $16.97.

Adams Diversified Equity Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Wednesday, August 17th.

Insider Buying and Selling at Adams Diversified Equity Fund

In other news, Director Frederic A. Escherich acquired 4,248 shares of the firm's stock in a transaction on Tuesday, July 26th. The shares were purchased at an average cost of $15.96 per share, with a total value of $67,798.08. Following the acquisition, the director now directly owns 66,727 shares in the company, valued at approximately $1,064,962.92. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.19% of the company's stock.