Short Interest in Adams Resources & Energy, Inc. (NYSEAMERICAN:AE) Grows By 24.7%


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Adams Resources & Energy, Inc. (NYSEAMERICAN:AE) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 27,300 shares, a growth of 24.7% from the March 31st total of 21,900 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 11,800 shares, the days-to-cover ratio is currently 2.3 days.

Adams Resources & Energy stock traded down $1.88 during trading hours on Tuesday, hitting $26.80. The company had a trading volume of 26,422 shares, compared to its average volume of 12,106. The stock has a market capitalization of $113.93 million, a price-to-earnings ratio of -51.86 and a beta of 1.22. The company has a current ratio of 1.91, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07. Adams Resources & Energy has a one year low of $18.36 and a one year high of $37.70. The business’s 50-day moving average is $26.81.

Adams Resources & Energy (NYSEAMERICAN:AE) last announced its earnings results on Wednesday, March 3rd. The energy company reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.70. Adams Resources & Energy had a negative net margin of 0.18% and a positive return on equity of 6.90%. The firm had revenue of $249.76 million for the quarter.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 19th. Shareholders of record on Friday, March 5th were given a dividend of $0.24 per share. The ex-dividend date was Thursday, March 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.58%.

Several large investors have recently made changes to their positions in AE. Monticello Wealth Management LLC acquired a new stake in shares of Adams Resources & Energy during the 4th quarter worth approximately $1,825,000. Arkfeld Wealth Strategies L.L.C. acquired a new stake in shares of Adams Resources & Energy during the 1st quarter worth approximately $454,000. BlackRock Inc. boosted its position in shares of Adams Resources & Energy by 10.4% during the 4th quarter. BlackRock Inc. now owns 173,169 shares of the energy company’s stock worth $4,174,000 after acquiring an additional 16,369 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Adams Resources & Energy by 60.2% during the 4th quarter. Bank of New York Mellon Corp now owns 29,320 shares of the energy company’s stock worth $706,000 after acquiring an additional 11,016 shares in the last quarter. Finally, Ancora Advisors LLC boosted its position in shares of Adams Resources & Energy by 8.1% during the 4th quarter. Ancora Advisors LLC now owns 82,400 shares of the energy company’s stock worth $1,986,000 after acquiring an additional 6,170 shares in the last quarter. Hedge funds and other institutional investors own 37.07% of the company’s stock.

Separately, TheStreet raised shares of Adams Resources & Energy from a “c” rating to a “b” rating in a research report on Friday, March 5th.

About Adams Resources & Energy

Adams Resources & Energy, Inc, through its subsidiaries, primarily engages in the marketing, transportation, terminalling, and storage of crude oil in the United States. The company operates in three segments: Crude Oil Marketing, Transportation and Storage; Tank truck Transportation of Liquid Chemicals, Pressurized Gases, Asphalt and Dry Bulk; and Pipeline Transportation, Terminalling and Storage of Crude Oil.

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