Adams Diversified Equity Fund (NYSE:ADX) Trading 0.1% Higher – Still a Buy?

Adams Diversified Equity Fund, Inc. (NYSE:ADX)’s share price traded up 0.1% during trading on Thursday . The company traded as high as $20.29 and last traded at $20.08. Approximately 122,230 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 208,377 shares. The stock had previously closed at $20.05.

Adams Diversified Equity Fund Trading Up 1.2 %

The business has a 50-day moving average price of $21.40 and a two-hundred day moving average price of $21.32.

Adams Diversified Equity Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Friday, November 22nd will be paid a $1.96 dividend. This represents a $7.84 dividend on an annualized basis and a dividend yield of 38.66%. The ex-dividend date of this dividend is Friday, November 22nd.

Insider Activity

In related news, Director Frederic A. Escherich sold 9,500 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $21.93, for a total transaction of $208,335.00. Following the transaction, the director now directly owns 49,908 shares of the company’s stock, valued at $1,094,482.44. This trade represents a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jane Musser Nelson bought 1,155 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was purchased at an average cost of $21.69 per share, with a total value of $25,051.95. Following the completion of the transaction, the director now directly owns 4,982 shares of the company’s stock, valued at approximately $108,059.58. The trade was a 30.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On Adams Diversified Equity Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James & Associates boosted its holdings in Adams Diversified Equity Fund by 10.8% in the 2nd quarter. Raymond James & Associates now owns 531,458 shares of the closed-end fund’s stock valued at $11,421,000 after purchasing an additional 51,599 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Adams Diversified Equity Fund by 1.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 562,135 shares of the closed-end fund’s stock valued at $12,080,000 after acquiring an additional 10,210 shares during the last quarter. Bensler LLC grew its holdings in shares of Adams Diversified Equity Fund by 4.1% during the second quarter. Bensler LLC now owns 534,696 shares of the closed-end fund’s stock worth $11,491,000 after purchasing an additional 20,929 shares in the last quarter. Harbour Investments Inc. increased its position in shares of Adams Diversified Equity Fund by 7.1% in the second quarter. Harbour Investments Inc. now owns 19,529 shares of the closed-end fund’s stock worth $420,000 after purchasing an additional 1,295 shares during the last quarter. Finally, Lee Danner & Bass Inc. purchased a new stake in Adams Diversified Equity Fund in the second quarter valued at approximately $537,000. Institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Company Profile

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.