First Wilshire Securities Management Inc. Acquires 932 Shares of Adams Resources & Energy, Inc. (NYSE:AE)

First Wilshire Securities Management Inc. increased its holdings in Adams Resources & Energy, Inc. (NYSE:AE) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,821 shares of the company’s stock after purchasing an additional 932 shares during the quarter. First Wilshire Securities Management Inc. owned approximately 1.28% of Adams Resources & Energy worth $1,239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AE. Barclays PLC raised its holdings in Adams Resources & Energy by 118.5% during the 3rd quarter. Barclays PLC now owns 1,934 shares of the company’s stock worth $52,000 after purchasing an additional 1,049 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Adams Resources & Energy during the fourth quarter worth $93,000. Ascension Capital Advisors Inc. bought a new position in Adams Resources & Energy during the fourth quarter worth $201,000. Net Worth Advisory Group acquired a new position in Adams Resources & Energy in the fourth quarter valued at $209,000. Finally, Atria Investments Inc bought a new stake in Adams Resources & Energy during the fourth quarter valued at $257,000. 57.81% of the stock is currently owned by institutional investors and hedge funds.

Adams Resources & Energy Price Performance

Adams Resources & Energy stock opened at $37.98 on Wednesday. The stock has a market capitalization of $97.61 million, a price-to-earnings ratio of -12.02 and a beta of 0.83. Adams Resources & Energy, Inc. has a 52-week low of $22.30 and a 52-week high of $38.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 1.04. The stock’s 50 day moving average price is $37.96 and its two-hundred day moving average price is $34.46.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Adams Resources & Energy in a research report on Saturday. They issued a “buy” rating for the company.

Adams Resources & Energy Company Profile

Adams Resources & Energy, Inc engages in the business of crude oil marketing, transportation and storage in various crude oil and natural gas basins. It operates through the following 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.