Landscape Capital Management L.L.C. Purchases New Stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX)


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Landscape Capital Management L.L.C. purchased a new stake in Adams Diversified Equity Fund, Inc. (NYSE:ADX) during the fourth quarter, HoldingsChannel reports. The firm purchased 94,169 shares of the closed-end fund’s stock, valued at approximately $1,628,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ADX. RB Capital Management LLC increased its position in Adams Diversified Equity Fund by 4.5% during the 4th quarter. RB Capital Management LLC now owns 140,079 shares of the closed-end fund’s stock worth $2,422,000 after buying an additional 6,069 shares during the period. Segall Bryant & Hamill LLC bought a new position in Adams Diversified Equity Fund during the 3rd quarter worth $194,000. Shaker Financial Services LLC increased its position in Adams Diversified Equity Fund by 55.4% during the 4th quarter. Shaker Financial Services LLC now owns 73,023 shares of the closed-end fund’s stock worth $1,263,000 after buying an additional 26,030 shares during the period. Private Advisor Group LLC increased its position in Adams Diversified Equity Fund by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 32,538 shares of the closed-end fund’s stock worth $504,000 after buying an additional 1,018 shares during the period. Finally, NEXT Financial Group Inc increased its position in Adams Diversified Equity Fund by 13.6% during the 3rd quarter. NEXT Financial Group Inc now owns 13,354 shares of the closed-end fund’s stock worth $216,000 after buying an additional 1,602 shares during the period. Institutional investors and hedge funds own 14.88% of the company’s stock.

In other news, Director Frederic A. Escherich acquired 5,228 shares of the stock in a transaction on Thursday, December 24th. The shares were purchased at an average price of $17.12 per share, for a total transaction of $89,503.36. Following the transaction, the director now directly owns 56,198 shares of the company’s stock, valued at $962,109.76. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.17% of the stock is owned by company insiders.

ADX stock opened at $17.82 on Tuesday. The business’s fifty day moving average price is $17.63 and its two-hundred day moving average price is $16.86. Adams Diversified Equity Fund, Inc. has a fifty-two week low of $10.16 and a fifty-two week high of $18.18.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 26th. Shareholders of record on Tuesday, January 12th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.67%. The ex-dividend date was Thursday, February 11th.

Adams Diversified Equity Fund Company Profile

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. The firm provides its services to investment companies. The firm invests in the public equity markets of the United States. It invests in stocks of large-cap companies across diversified sectors to make its investments. The firm employs a fundamental, technical and quantitative analysis with a bottom-up stock picking approach, while focusing on earnings growth prospects, financial strength, cash flow generation, macro-economics, capital allocation, market competition, profitability.

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Want to see what other hedge funds are holding ADX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adams Diversified Equity Fund, Inc. (NYSE:ADX).

Institutional Ownership by Quarter for Adams Diversified Equity Fund (NYSE:ADX)

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