Wolverine Asset Management LLC Sells 37,371 Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO)

Wolverine Asset Management LLC cut its holdings in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 29.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 90,615 shares of the financial services provider’s stock after selling 37,371 shares during the period. Wolverine Asset Management LLC’s holdings in Adams Natural Resources Fund were worth $1,869,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PEO. Venturi Wealth Management LLC increased its holdings in shares of Adams Natural Resources Fund by 199.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,499 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 1,665 shares during the last quarter. Raymond James & Associates grew its position in Adams Natural Resources Fund by 22.2% in the fourth quarter. Raymond James & Associates now owns 224,749 shares of the financial services provider’s stock worth $4,637,000 after acquiring an additional 40,832 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its position in Adams Natural Resources Fund by 117.6% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 31,583 shares of the financial services provider’s stock worth $652,000 after acquiring an additional 17,068 shares in the last quarter. Alta Capital Management LLC purchased a new position in Adams Natural Resources Fund in the fourth quarter worth about $413,000. Finally, Sprott Inc. grew its position in Adams Natural Resources Fund by 15.2% in the third quarter. Sprott Inc. now owns 35,662 shares of the financial services provider’s stock worth $825,000 after acquiring an additional 4,695 shares in the last quarter. 33.54% of the stock is owned by institutional investors.

Insider Buying and Selling at Adams Natural Resources Fund

In other news, VP Gregory W. Buckley purchased 3,350 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average price of $20.50 per share, for a total transaction of $68,675.00. Following the completion of the acquisition, the vice president now owns 12,936 shares of the company’s stock, valued at $265,188. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.06% of the company’s stock.

Adams Natural Resources Fund Trading Down 0.6 %

PEO opened at $23.53 on Thursday. Adams Natural Resources Fund, Inc. has a 12 month low of $19.22 and a 12 month high of $24.25. The stock has a 50-day moving average of $22.47 and a 200 day moving average of $21.51.

Adams Natural Resources Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.70%.

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.