Adams Diversified Equity Fund, Inc. (NYSE:ADX) Sees Significant Drop in Short Interest

Adams Diversified Equity Fund, Inc. (NYSE:ADX) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 627,900 shares, a drop of 5.5% from the December 15th total of 664,700 shares. Based on an average trading volume of 278,300 shares, the short-interest ratio is presently 2.3 days.

Insider Activity at Adams Diversified Equity Fund

In other Adams Diversified Equity Fund news, Director Jane Musser Nelson bought 1,155 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was acquired at an average cost of $21.69 per share, for a total transaction of $25,051.95. Following the completion of the transaction, the director now owns 4,982 shares in the company, valued at $108,059.58. This trade represents a 30.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederic A. Escherich sold 4,833 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $21.90, for a total transaction of $105,842.70. Following the sale, the director now directly owns 59,408 shares of the company’s stock, valued at $1,301,035.20. This represents a 7.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. World Investment Advisors LLC bought a new stake in shares of Adams Diversified Equity Fund in the third quarter valued at about $34,599,000. Bensler LLC increased its position in Adams Diversified Equity Fund by 9.1% during the 3rd quarter. Bensler LLC now owns 583,277 shares of the closed-end fund’s stock valued at $12,575,000 after purchasing an additional 48,581 shares during the period. Landscape Capital Management L.L.C. raised its holdings in shares of Adams Diversified Equity Fund by 2,789.5% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund’s stock valued at $8,905,000 after purchasing an additional 398,729 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Adams Diversified Equity Fund by 18.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 217,882 shares of the closed-end fund’s stock worth $4,401,000 after purchasing an additional 34,691 shares during the period. Finally, Shaker Financial Services LLC bought a new position in shares of Adams Diversified Equity Fund during the third quarter valued at approximately $4,446,000. 28.41% of the stock is owned by institutional investors.

Adams Diversified Equity Fund Price Performance

Adams Diversified Equity Fund stock opened at $20.94 on Friday. The firm has a 50-day moving average of $20.84 and a two-hundred day moving average of $21.22. Adams Diversified Equity Fund has a 1 year low of $17.50 and a 1 year high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, January 27th will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, January 27th. This represents a $1.88 annualized dividend and a yield of 8.98%.

About Adams Diversified Equity Fund

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.