Adams Diversified Equity Fund (NYSE:ADX) Shares Up 1% – Should You Buy?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) shares rose 1% on Wednesday . The stock traded as high as $20.80 and last traded at $20.77. Approximately 56,027 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 206,770 shares. The stock had previously closed at $20.56.

Adams Diversified Equity Fund Price Performance

The company has a 50 day moving average price of $21.54 and a 200 day moving average price of $21.32.

Adams Diversified Equity Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be given a dividend of $1.96 per share. This represents a $7.84 dividend on an annualized basis and a dividend yield of 38.26%. The ex-dividend date is Friday, November 22nd.

Insider Activity at Adams Diversified Equity Fund

In other news, Director Frederic A. Escherich sold 4,833 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $21.90, for a total value of $105,842.70. Following the completion of the sale, the director now owns 59,408 shares in the company, valued at $1,301,035.20. This represents a 7.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jane Musser Nelson purchased 1,155 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were purchased at an average cost of $21.69 per share, for a total transaction 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 $108,059.58. This represents a 30.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Adams Diversified Equity Fund

A number of hedge funds and other institutional investors have recently modified their holdings of ADX. Wilmington Savings Fund Society FSB purchased a new position in shares of Adams Diversified Equity Fund in the 3rd quarter worth about $935,000. World Investment Advisors LLC purchased a new position in Adams Diversified Equity Fund in the third quarter valued at about $1,642,000. RB Capital Management LLC boosted its stake in Adams Diversified Equity Fund by 1.7% in the third quarter. RB Capital Management LLC now owns 188,472 shares of the closed-end fund’s stock valued at $4,102,000 after acquiring an additional 3,227 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of Adams Diversified Equity Fund during the 3rd quarter worth approximately $62,000. Finally, Walleye Capital LLC bought a new stake in shares of Adams Diversified Equity Fund in the 3rd quarter worth approximately $721,000. Hedge funds and other 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.