Kovack Advisors Inc. Sells 1,117 Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO)

Kovack Advisors Inc. decreased its holdings in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 4.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,965 shares of the financial services provider’s stock after selling 1,117 shares during the period. Kovack Advisors Inc. owned 0.09% of Adams Natural Resources Fund worth $530,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PEO. Venturi Wealth Management LLC raised its holdings in Adams Natural Resources Fund by 199.6% in the 4th quarter. Venturi Wealth Management LLC now owns 2,499 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 1,665 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Adams Natural Resources Fund by 22.2% during the 4th quarter. Raymond James & Associates now owns 224,749 shares of the financial services provider’s stock valued at $4,637,000 after purchasing an additional 40,832 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in Adams Natural Resources Fund by 13.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 53,709 shares of the financial services provider’s stock worth $1,108,000 after acquiring an additional 6,471 shares during the last quarter. Principal Securities Inc. bought a new stake in Adams Natural Resources Fund in the fourth quarter worth $478,000. Finally, Blue Bell Private Wealth Management LLC raised its position in shares of Adams Natural Resources Fund by 117.6% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 31,583 shares of the financial services provider’s stock valued at $652,000 after buying an additional 17,068 shares in the last quarter. 33.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. acquired 26,730 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was acquired at an average price of $23.59 per share, with a total value of $630,560.70. Following the completion of the purchase, the insider now directly owns 2,725,297 shares in the company, valued at $64,289,756.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders bought 125,063 shares of company stock valued at $2,901,381. Company insiders own 0.06% of the company’s stock.

Adams Natural Resources Fund Price Performance

Shares of NYSE:PEO traded up $0.22 during trading on Thursday, hitting $23.61. The company had a trading volume of 13,715 shares, compared to its average volume of 43,526. The company has a fifty day simple moving average of $23.25 and a two-hundred day simple moving average of $22.22. Adams Natural Resources Fund, Inc. has a one year low of $19.78 and a one year high of $24.25.

Adams Natural Resources Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.69%.

Adams Natural Resources Fund 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.