Adams Natural Resources Fund, Inc. (NYSE:PEO) Major Shareholder Saba Capital Management, L.P. Buys 18,639 Shares

Adams Natural Resources Fund, Inc. (NYSE:PEO) major shareholder Saba Capital Management, L.P. acquired 18,639 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were acquired at an average cost of $22.74 per share, for a total transaction of $423,850.86. Following the purchase, the insider now directly owns 2,574,626 shares of the company’s stock, valued at $58,546,995.24. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Monday, June 17th, Saba Capital Management, L.P. acquired 30,234 shares of Adams Natural Resources Fund stock. The shares were acquired at an average cost of $22.79 per share, for a total transaction of $689,032.86.

Adams Natural Resources Fund Stock Up 0.5 %

Shares of Adams Natural Resources Fund stock opened at $22.84 on Wednesday. Adams Natural Resources Fund, Inc. has a 52-week low of $19.72 and a 52-week high of $24.25. The company has a 50-day simple moving average of $23.30 and a two-hundred day simple moving average of $21.99.

Adams Natural Resources Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a $0.10 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.40 annualized dividend and a yield of 1.75%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Venturi Wealth Management LLC raised its holdings in 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 buying an additional 1,665 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Adams Natural Resources Fund by 22.2% during the fourth 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 raised its holdings in shares of Adams Natural Resources Fund by 13.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 53,709 shares of the financial services provider’s stock valued at $1,108,000 after purchasing an additional 6,471 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of Adams Natural Resources Fund during the fourth quarter valued at approximately $478,000. Finally, Kovack Advisors Inc. raised its holdings in shares of Adams Natural Resources Fund by 5.2% during the fourth quarter. Kovack Advisors Inc. now owns 24,082 shares of the financial services provider’s stock valued at $497,000 after purchasing an additional 1,191 shares during the last quarter. 33.54% of the stock is owned by hedge funds and other institutional investors.

About Adams Natural Resources Fund

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.