Aegis Financial Corp Sells 70,089 Shares of Adams Resources & Energy, Inc. (NYSE:AE)

Aegis Financial Corp reduced its holdings in shares of Adams Resources & Energy, Inc. (NYSE:AE) by 60.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 45,022 shares of the company’s stock after selling 70,089 shares during the period. Adams Resources & Energy comprises 1.5% of Aegis Financial Corp’s portfolio, making the stock its 14th biggest position. Aegis Financial Corp owned about 1.75% of Adams Resources & Energy worth $1,700,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AE. Barclays PLC increased its position in shares of Adams Resources & Energy by 118.5% during the third quarter. Barclays PLC now owns 1,934 shares of the company’s stock worth $52,000 after acquiring an additional 1,049 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new position in Adams Resources & Energy during the 4th quarter worth $93,000. Ascension Capital Advisors Inc. bought a new stake in Adams Resources & Energy during the 4th quarter valued at $201,000. Net Worth Advisory Group bought a new stake in Adams Resources & Energy during the 4th quarter valued at $209,000. Finally, Atria Investments Inc bought a new position in shares of Adams Resources & Energy during the 4th quarter worth $257,000. Hedge funds and other institutional investors own 57.81% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Adams Resources & Energy in a research note on Friday, March 21st. They issued a “buy” rating for the company.

Adams Resources & Energy Stock Performance

Shares of AE stock opened at $37.98 on Thursday. The firm has a market cap of $97.61 million, a price-to-earnings ratio of -12.02 and a beta of 0.83. Adams Resources & Energy, Inc. has a 52-week low of $22.30 and a 52-week high of $38.00. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average is $37.92 and its 200 day moving average is $33.99.

Adams Resources & Energy Company Profile

Adams Resources & Energy, Inc engages in the business of crude oil marketing, transportation and storage in various crude oil and natural gas basins. It operates through the following segments: crude oil marketing, transportation and storage, tank truck transportation of liquid chemicals, pressurized gases, asphalt and dry bulk, and pipeline transportation, terminalling and storage of crude oil.