Kovack Advisors Inc. Buys 991 Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO)

Kovack Advisors Inc. boosted its stake in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 4.6% in the fourth quarter, HoldingsChannel reports. The firm owned 22,740 shares of the financial services provider’s stock after purchasing an additional 991 shares during the quarter. Kovack Advisors Inc.’s holdings in Adams Natural Resources Fund were worth $494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. City State Bank bought a new position in Adams Natural Resources Fund during the fourth quarter worth $25,000. Priebe Wealth Holdings LLC bought a new position in Adams Natural Resources Fund during the fourth quarter worth $317,000. RFG Advisory LLC bought a new position in Adams Natural Resources Fund during the fourth quarter worth $326,000. Advisors Asset Management Inc. bought a new position in Adams Natural Resources Fund during the third quarter worth $360,000. Finally, Wolverine Asset Management LLC boosted its position in Adams Natural Resources Fund by 1,206.2% during the third quarter. Wolverine Asset Management LLC now owns 24,086 shares of the financial services provider’s stock worth $559,000 after purchasing an additional 22,242 shares during the period. 33.54% of the stock is owned by institutional investors.

Insider Activity

In other Adams Natural Resources Fund news, VP Gregory W. Buckley bought 1,450 shares of Adams Natural Resources Fund stock in a transaction dated Wednesday, January 22nd. The stock was bought at an average price of $23.30 per share, with a total value of $33,785.00. Following the completion of the transaction, the vice president now owns 17,604 shares in the company, valued at $410,173.20. The trade was a 8.98 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is currently owned by company insiders.

Adams Natural Resources Fund Price Performance

Shares of Adams Natural Resources Fund stock opened at $22.32 on Friday. The firm has a 50-day moving average of $22.35 and a 200-day moving average of $22.98. Adams Natural Resources Fund, Inc. has a 52-week low of $20.90 and a 52-week high of $24.79.

Adams Natural Resources Fund Increases Dividend

The firm also recently announced a — dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, January 27th were given a $0.53 dividend. This represents a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, January 27th. This is a boost from Adams Natural Resources Fund’s previous — dividend of $0.16.

Adams Natural Resources Fund 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.