Adams Natural Resources Fund, Inc. (PEO) Stake Boosted by Deschutes Portfolio Strategy LLC
Deschutes Portfolio Strategy LLC boosted its position in Adams Natural Resources Fund, Inc. (NYSE:PEO) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 350,400 shares of the financial services provider’s stock after buying an additional 5,100 shares during the period. Adams Natural Resources Fund makes up 3.3% of Deschutes Portfolio Strategy LLC’s portfolio, making the stock its 5th largest position. Deschutes Portfolio Strategy LLC owned about 1.23% of Adams Natural Resources Fund worth $6,552,000 at the end of the most recent quarter.
Separately, HL Financial Services LLC increased its position in Adams Natural Resources Fund by 0.8% in the second quarter. HL Financial Services LLC now owns 48,334 shares of the financial services provider’s stock worth $904,000 after buying an additional 386 shares during the period. 20.25% of the stock is owned by hedge funds and other institutional investors.
Adams Natural Resources Fund, Inc. (NYSE:PEO) opened at 17.97 on Tuesday. The firm’s market cap is $513.06 million. Adams Natural Resources Fund, Inc. has a 52-week low of $17.70 and a 52-week high of $20.82. The firm’s 50-day moving average price is $18.55 and its 200-day moving average price is $19.07.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 11th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Wednesday, August 9th.
In related news, insider Paul Edward Asmundson acquired 15,000 shares of Adams Natural Resources Fund stock in a transaction that occurred on Wednesday, June 28th. The stock was bought at an average price of $5.50 per share, with a total value of $82,500.00. Also, Director Scott Cameron Anderson sold 5,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $6.48, for a total value of $34,992.00. 0.49% of the stock is owned by company insiders.
About Adams Natural Resources Fund
Adams Natural Resources Fund, Inc (the Fund) is a non-diversified closed-end investment company. The investment objectives of the Fund are preservation of capital, the attainment of reasonable income from investments and an opportunity for capital appreciation. The Fund specializes in energy and other natural resources stocks.
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