Penserra Capital Management LLC Boosts Stake in Adams Natural Resources Fund, Inc. $PEO

Penserra Capital Management LLC raised its position in Adams Natural Resources Fund, Inc. (NYSE:PEO) by 28.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 272,359 shares of the financial services provider’s stock after purchasing an additional 60,228 shares during the quarter. Penserra Capital Management LLC owned 1.04% of Adams Natural Resources Fund worth $5,861,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Adams Diversified Equity Fund Inc. boosted its holdings in Adams Natural Resources Fund by 2.4% during the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 2,516,002 shares of the financial services provider’s stock valued at $54,144,000 after acquiring an additional 59,821 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Adams Natural Resources Fund by 18.6% during the second quarter. Advisors Asset Management Inc. now owns 45,822 shares of the financial services provider’s stock worth $979,000 after purchasing an additional 7,199 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of Adams Natural Resources Fund by 7.5% in the second quarter. Concurrent Investment Advisors LLC now owns 14,932 shares of the financial services provider’s stock valued at $319,000 after purchasing an additional 1,042 shares during the period. Wolverine Asset Management LLC boosted its stake in shares of Adams Natural Resources Fund by 123.5% in the second quarter. Wolverine Asset Management LLC now owns 114,170 shares of the financial services provider’s stock valued at $2,440,000 after purchasing an additional 63,096 shares during the period. Finally, Roberts Glore & Co. Inc. IL grew its holdings in shares of Adams Natural Resources Fund by 21.0% in the second quarter. Roberts Glore & Co. Inc. IL now owns 26,682 shares of the financial services provider’s stock valued at $570,000 after purchasing an additional 4,634 shares in the last quarter. Hedge funds and other institutional investors own 33.54% of the company’s stock.

Adams Natural Resources Fund Price Performance

Shares of PEO stock opened at $24.56 on Friday. The firm has a 50 day moving average of $22.56 and a two-hundred day moving average of $21.86. Adams Natural Resources Fund, Inc. has a 52 week low of $18.34 and a 52 week high of $25.24.

Adams Natural Resources Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Monday, January 26th will be issued a dividend of $0.49 per share. The ex-dividend date is Monday, January 26th. This represents a $1.96 annualized dividend and a yield of 8.0%.

Adams Natural Resources Fund Profile

Adams Natural Resources Fund (NYSE: PEO) is a closed-end management investment company that seeks total return through a combination of capital appreciation and current income. Listed on the New York Stock Exchange, the fund offers investors a way to access a diversified portfolio of companies engaged in the natural resources and energy sectors without investing directly in individual stocks or commodities.

The fund primarily invests in equity securities, including common and preferred stocks, of companies involved in exploration, production, processing, and distribution of oil, natural gas, coal and alternative energy sources.