Saba Capital Management, L.P. Purchases 16,514 Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) Stock

Adams Natural Resources Fund, Inc. (NYSE:PEO) major shareholder Saba Capital Management, L.P. bought 16,514 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was acquired at an average cost of $22.85 per share, with a total value of $377,344.90. Following the transaction, the insider now owns 2,888,924 shares of the company’s stock, valued at approximately $66,011,913.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Tuesday, September 10th, Saba Capital Management, L.P. bought 10,476 shares of Adams Natural Resources Fund stock. The stock was acquired at an average cost of $22.19 per share, with a total value of $232,462.44.
• On Friday, September 6th, Saba Capital Management, L.P. bought 170 shares of Adams Natural Resources Fund stock. The stock was acquired at an average cost of $22.21 per share, with a total value of $3,775.70.
• On Wednesday, September 4th, Saba Capital Management, L.P. bought 13,785 shares of Adams Natural Resources Fund stock. The stock was acquired at an average cost of $22.76 per share, with a total value of $313,746.60.
• On Wednesday, August 28th, Saba Capital Management, L.P. purchased 100 shares of Adams Natural Resources Fund stock. The stock was purchased at an average price of $22.98 per share, with a total value of $2,298.00.
• On Thursday, August 22nd, Saba Capital Management, L.P. purchased 11,058 shares of Adams Natural Resources Fund stock. The stock was purchased at an average price of $22.70 per share, with a total value of $251,016.60.
• On Thursday, August 1st, Saba Capital Management, L.P. bought 9,863 shares of Adams Natural Resources Fund stock. The shares were bought at an average price of $24.14 per share, with a total value of $238,092.82.
• On Monday, July 22nd, Saba Capital Management, L.P. bought 7,549 shares of Adams Natural Resources Fund stock. The shares were bought at an average price of $23.85 per share, with a total value of $180,043.65.
• On Thursday, July 18th, Saba Capital Management, L.P. bought 12,948 shares of Adams Natural Resources Fund stock. The shares were bought at an average price of $24.29 per share, with a total value of $314,506.92.
• On Tuesday, July 16th, Saba Capital Management, L.P. bought 7,674 shares of Adams Natural Resources Fund stock. The shares were bought at an average price of $23.93 per share, with a total value of $183,638.82.
• On Friday, July 12th, Saba Capital Management, L.P. bought 11,697 shares of Adams Natural Resources Fund stock. The shares were bought at an average price of $23.61 per share, with a total value of $276,166.17.

Adams Natural Resources Fund Trading Up 2.0 %

Shares of Adams Natural Resources Fund stock opened at $23.69 on Wednesday. Adams Natural Resources Fund, Inc. has a twelve month low of $19.78 and a twelve month high of $24.49. The company has a 50-day simple moving average of $23.04 and a two-hundred day simple moving average of $23.22.

Adams Natural Resources Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 5th were paid a $0.54 dividend. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.16 annualized dividend and a yield of 9.12%.

Institutional Trading of Adams Natural Resources Fund

Several hedge funds and other institutional investors have recently bought and sold shares of PEO. Quantedge Capital Pte Ltd raised its stake in Adams Natural Resources Fund by 31.8% in the 4th quarter. Quantedge Capital Pte Ltd now owns 57,826 shares of the financial services provider’s stock worth $1,193,000 after purchasing an additional 13,944 shares in the last quarter. Flow State Investments L.P. acquired a new stake in Adams Natural Resources Fund in the 4th quarter worth about $304,000. Vantage Financial Partners LLC acquired a new stake in Adams Natural Resources Fund in the 1st quarter worth about $201,000. Simplicity Wealth LLC acquired a new stake in Adams Natural Resources Fund in the 2nd quarter worth about $203,000. Finally, Whitener Capital Management Inc. increased its holdings in Adams Natural Resources Fund by 3.8% in the 2nd quarter. Whitener Capital Management Inc. now owns 73,947 shares of the financial services provider’s stock valued at $1,746,000 after buying an additional 2,692 shares during the period. Institutional investors and hedge funds own 33.54% of the company’s stock.

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.