Wolverine Asset Management LLC Raises Stock Position in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Wolverine Asset Management LLC raised its stake in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 1,206.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,086 shares of the financial services provider’s stock after buying an additional 22,242 shares during the period. Wolverine Asset Management LLC owned about 0.09% of Adams Natural Resources Fund worth $559,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PEO. Northwestern Mutual Wealth Management Co. boosted its position in Adams Natural Resources Fund by 241.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,230 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 2,283 shares during the last quarter. Searle & CO. bought a new stake in Adams Natural Resources Fund during the second quarter valued at approximately $201,000. Simplicity Wealth LLC purchased a new stake in Adams Natural Resources Fund during the second quarter valued at approximately $203,000. Miracle Mile Advisors LLC bought a new position in Adams Natural Resources Fund in the second quarter worth approximately $338,000. Finally, Cullen Investment Group LTD. raised its position in Adams Natural Resources Fund by 2.1% in the third quarter. Cullen Investment Group LTD. now owns 28,240 shares of the financial services provider’s stock worth $656,000 after acquiring an additional 580 shares during the period. 33.54% of the stock is owned by institutional investors.

Adams Natural Resources Fund Price Performance

Shares of PEO stock opened at $24.40 on Thursday. Adams Natural Resources Fund, Inc. has a 1 year low of $19.78 and a 1 year high of $24.51. The firm has a fifty day moving average price of $23.50 and a 200-day moving average price of $23.37.

Insider Buying and Selling at Adams Natural Resources Fund

In related news, major shareholder Saba Capital Management, L.P. acquired 13,785 shares of the stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average cost of $22.76 per share, with a total value of $313,746.60. Following the transaction, the insider now directly owns 2,853,687 shares in the company, valued at approximately $64,949,916.12. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders purchased 53,103 shares of company stock valued at $1,204,624. Company insiders own 0.06% of the company’s stock.

Adams Natural Resources Fund Company 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.