Adams Natural Resources Fund, Inc. (NYSE:PEO) Major Shareholder Saba Capital Management, L.P. Acquires 26,730 Shares

Adams Natural Resources Fund, Inc. (NYSE:PEO) major shareholder Saba Capital Management, L.P. acquired 26,730 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was purchased at an average price of $23.59 per share, with a total value of $630,560.70. Following the acquisition, the insider now owns 2,725,297 shares of the company’s stock, valued at $64,289,756.23. The acquisition was disclosed in a filing with the SEC, which is available through this link. Large 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 Friday, June 28th, Saba Capital Management, L.P. acquired 23,459 shares of Adams Natural Resources Fund stock. The stock was purchased at an average price of $23.56 per share, with a total value of $552,694.04.
• On Wednesday, June 26th, Saba Capital Management, L.P. acquired 12,850 shares of Adams Natural Resources Fund stock. The stock was purchased at an average price of $23.35 per share, with a total value of $300,047.50.
• On Monday, June 24th, Saba Capital Management, L.P. acquired 12,081 shares of Adams Natural Resources Fund stock. The stock was purchased at an average price of $23.22 per share, with a total value of $280,520.82.
• On Monday, June 17th, Saba Capital Management, L.P. acquired 30,234 shares of Adams Natural Resources Fund stock. The stock was purchased at an average price of $22.79 per share, with a total value of $689,032.86.
• On Friday, June 14th, Saba Capital Management, L.P. acquired 18,639 shares of Adams Natural Resources Fund stock. The stock was purchased at an average price of $22.74 per share, with a total value of $423,850.86.

Adams Natural Resources Fund Stock Performance

Shares of Adams Natural Resources Fund stock opened at $23.39 on Wednesday. The business has a fifty day simple moving average of $23.25 and a 200-day simple moving average of $22.21. Adams Natural Resources Fund, Inc. has a fifty-two week low of $19.78 and a fifty-two week high of $24.25.

Adams Natural Resources Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, May 16th.

Institutional Investors Weigh In On Adams Natural Resources Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Zazove Associates LLC acquired a new stake in shares of Adams Natural Resources Fund during the fourth quarter worth $37,000. Venturi Wealth Management LLC raised its position in shares of Adams Natural Resources Fund by 199.6% during the fourth quarter. Venturi Wealth Management LLC now owns 2,499 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 1,665 shares during the period. Vantage Financial Partners LLC acquired a new stake in shares of Adams Natural Resources Fund during the first quarter worth $201,000. Flow State Investments L.P. acquired a new stake in shares of Adams Natural Resources Fund during the fourth quarter worth $304,000. Finally, Alta Capital Management LLC acquired a new stake in shares of Adams Natural Resources Fund during the fourth quarter worth $413,000. 33.54% of the stock is owned by institutional investors and hedge funds.

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.