Adams Diversified Equity Fund, Inc. (NYSE:ADX) Short Interest Down 5.5% in December

Adams Diversified Equity Fund, Inc. (NYSE:ADX) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totalling 627,900 shares, a decrease of 5.5% from the December 15th total of 664,700 shares. Based on an average trading volume of 278,300 shares, the short-interest ratio is presently 2.3 days.

Insider Transactions at Adams Diversified Equity Fund

In other news, Director Frederic A. Escherich sold 9,500 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $21.93, for a total value of $208,335.00. Following the sale, the director now directly owns 49,908 shares of the company’s stock, valued at $1,094,482.44. The trade was a 15.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jane Musser Nelson acquired 1,155 shares of Adams Diversified Equity Fund stock in a transaction that occurred on Thursday, October 31st. The shares were bought at an average cost of $21.69 per share, with a total value of $25,051.95. Following the transaction, the director now owns 4,982 shares in the company, 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. Corporate insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ADX. World Investment Advisors LLC bought a new position in Adams Diversified Equity Fund in the 3rd quarter worth $34,599,000. Bensler LLC boosted its position in shares of Adams Diversified Equity Fund by 9.1% in the third quarter. Bensler LLC now owns 583,277 shares of the closed-end fund’s stock worth $12,575,000 after purchasing an additional 48,581 shares during the period. Landscape Capital Management L.L.C. increased its stake in Adams Diversified Equity Fund by 2,789.5% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 413,023 shares of the closed-end fund’s stock worth $8,905,000 after buying an additional 398,729 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Adams Diversified Equity Fund by 18.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 217,882 shares of the closed-end fund’s stock worth $4,401,000 after purchasing an additional 34,691 shares in the last quarter. Finally, Shaker Financial Services LLC bought a new stake in shares of Adams Diversified Equity Fund during the third quarter valued at approximately $4,446,000. Hedge funds and other institutional investors own 28.41% of the company’s stock.

Adams Diversified Equity Fund Stock Up 1.1 %

ADX opened at $20.94 on Friday. The stock has a 50-day moving average price of $20.84 and a 200-day moving average price of $21.22. Adams Diversified Equity Fund has a 1 year low of $17.50 and a 1 year high of $22.63.

Adams Diversified Equity Fund Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Monday, January 27th will be issued a $0.47 dividend. The ex-dividend date is Monday, January 27th. This represents a $1.88 annualized dividend and a yield of 8.98%.

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.