25,172 Shares in Adams Natural Resources Fund, Inc. $PEO Acquired by Redwood Investment Management LLC

Redwood Investment Management LLC bought a new stake in Adams Natural Resources Fund, Inc. (NYSE:PEO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,172 shares of the financial services provider’s stock, valued at approximately $1,162,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PEO. Saba Capital Management L.P. raised its holdings in Adams Natural Resources Fund by 0.4% during the 4th quarter. Saba Capital Management L.P. now owns 2,698,250 shares of the financial services provider’s stock worth $58,660,000 after purchasing an additional 10,926 shares during the last quarter. Adams Diversified Equity Fund Inc. boosted its stake in shares of Adams Natural Resources Fund by 1.9% in the 1st quarter. Adams Diversified Equity Fund Inc. now owns 2,621,907 shares of the financial services provider’s stock valued at $72,889,000 after purchasing an additional 49,223 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Adams Natural Resources Fund by 23.4% in the 3rd quarter. Lazard Asset Management LLC now owns 510,075 shares of the financial services provider’s stock valued at $10,977,000 after purchasing an additional 96,622 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Adams Natural Resources Fund during the second quarter worth $16,153,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Adams Natural Resources Fund during the second quarter worth $14,657,000. Institutional investors and hedge funds own 33.54% of the company’s stock.

Adams Natural Resources Fund Stock Performance

PEO stock opened at $28.30 on Thursday. The company’s fifty day simple moving average is $26.36 and its 200 day simple moving average is $26.31. Adams Natural Resources Fund, Inc. has a 12-month low of $20.75 and a 12-month high of $28.88.

Adams Natural Resources Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, July 27th were given a $0.54 dividend. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Monday, July 27th. This represents a $2.16 annualized dividend and a dividend yield of 7.6%.

Adams Natural Resources Fund Company Profile

Adams Natural Resources Fund (NYSE: PEO) is a closed-end management investment company that seeks total return through a combination of capital appreciation and current income. Listed on the New York Stock Exchange, the fund offers investors a way to access a diversified portfolio of companies engaged in the natural resources and energy sectors without investing directly in individual stocks or commodities.

The fund primarily invests in equity securities, including common and preferred stocks, of companies involved in exploration, production, processing, and distribution of oil, natural gas, coal and alternative energy sources.