Yakira Capital Management Inc. Acquires Shares of 12,586 Adams Resources & Energy, Inc. (NYSE:AE)

Yakira Capital Management Inc. bought a new position in Adams Resources & Energy, Inc. (NYSE:AE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,586 shares of the company’s stock, valued at approximately $475,000. Yakira Capital Management Inc. owned about 0.49% of Adams Resources & Energy as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC increased its holdings in Adams Resources & Energy by 118.5% during the 3rd quarter. Barclays PLC now owns 1,934 shares of the company’s stock valued at $52,000 after purchasing an additional 1,049 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Adams Resources & Energy during the fourth quarter valued at approximately $93,000. Ascension Capital Advisors Inc. purchased a new position in shares of Adams Resources & Energy during the fourth quarter valued at approximately $201,000. Net Worth Advisory Group bought a new position in shares of Adams Resources & Energy during the fourth quarter valued at approximately $209,000. Finally, Atria Investments Inc purchased a new stake in Adams Resources & Energy in the fourth quarter worth $257,000. 57.81% of the stock is owned by hedge funds and other institutional investors.

Adams Resources & Energy Stock Performance

Shares of AE opened at $37.98 on Friday. The company has a 50-day simple moving average of $37.98 and a two-hundred day simple moving average of $34.67. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.89. The firm has a market capitalization of $97.61 million, a PE ratio of -12.02 and a beta of 0.83. Adams Resources & Energy, Inc. has a one year low of $22.30 and a one year high of $38.00.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Adams Resources & Energy in a research report on Sunday. They set a “buy” rating on the stock.

Adams Resources & Energy Profile

Adams Resources & Energy, Inc engages in the business of crude oil marketing, transportation and storage in various crude oil and natural gas basins. It operates through the following segments: crude oil marketing, transportation and storage, tank truck transportation of liquid chemicals, pressurized gases, asphalt and dry bulk, and pipeline transportation, terminalling and storage of crude oil.