Quantedge Capital Pte Ltd Trims Holdings in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Quantedge Capital Pte Ltd trimmed its position in Adams Natural Resources Fund, Inc. (NYSE:PEO) by 32.1% in the 4th quarter, HoldingsChannel reports. The fund owned 19,432 shares of the financial services provider’s stock after selling 9,200 shares during the quarter. Quantedge Capital Pte Ltd’s holdings in Adams Natural Resources Fund were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PEO. Priebe Wealth Holdings LLC purchased a new stake in Adams Natural Resources Fund in the 4th quarter worth approximately $317,000. RFG Advisory LLC purchased a new stake in Adams Natural Resources Fund in the 4th quarter worth approximately $326,000. Principal Securities Inc. increased its holdings in Adams Natural Resources Fund by 50.1% in the 4th quarter. Principal Securities Inc. now owns 26,133 shares of the financial services provider’s stock worth $568,000 after acquiring an additional 8,724 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Adams Natural Resources Fund by 6.4% in the 4th quarter. Sanctuary Advisors LLC now owns 26,266 shares of the financial services provider’s stock worth $585,000 after acquiring an additional 1,569 shares in the last quarter. Finally, Sprott Inc. increased its holdings in Adams Natural Resources Fund by 307.3% in the 4th quarter. Sprott Inc. now owns 52,487 shares of the financial services provider’s stock worth $1,141,000 after acquiring an additional 39,599 shares in the last quarter. 33.54% of the stock is owned by hedge funds and other institutional investors.

Adams Natural Resources Fund Stock Down 0.7%

Shares of PEO opened at $20.78 on Thursday. Adams Natural Resources Fund, Inc. has a 1 year low of $18.35 and a 1 year high of $24.23. The company has a 50 day simple moving average of $20.91 and a two-hundred day simple moving average of $22.11.

Adams Natural Resources Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, April 28th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 10.01%. The ex-dividend date is Monday, April 28th.

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.