HL Financial Services LLC Boosts Position in Adams Natural Resources Fund, Inc. (PEO)
HL Financial Services LLC boosted its position in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 0.8% during the second quarter, Holdings Channel reports. The fund owned 48,334 shares of the financial services provider’s stock after buying an additional 386 shares during the period. HL Financial Services LLC’s holdings in Adams Natural Resources Fund were worth $904,000 at the end of the most recent quarter.
Shares of Adams Natural Resources Fund, Inc. (NYSE PEO) opened at 18.14 on Friday. Adams Natural Resources Fund, Inc. has a 52-week low of $17.90 and a 52-week high of $20.82. The company’s 50-day moving average price is $18.74 and its 200-day moving average price is $19.24. The firm’s market cap is $517.92 million.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Wednesday, August 9th.
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In related news, insider Paul Edward Asmundson acquired 15,000 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The stock was bought at an average price of $5.50 per share, for a total transaction of $82,500.00. Also, Director Scott Cameron Anderson sold 5,400 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $6.48, for a total value of $34,992.00. In the last quarter, insiders have sold 12,100 shares of company stock valued at $74,526. Corporate insiders own 0.49% of the company’s stock.
Adams Natural Resources Fund Company Profile
Adams Natural Resources Fund, Inc (the Fund) is a non-diversified closed-end investment company. The investment objectives of the Fund are preservation of capital, the attainment of reasonable income from investments and an opportunity for capital appreciation. The Fund specializes in energy and other natural resources stocks.
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