Sprott Inc. Grows Stock Holdings in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Sprott Inc. boosted its stake in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 307.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,487 shares of the financial services provider’s stock after purchasing an additional 39,599 shares during the period. Sprott Inc. owned about 0.21% of Adams Natural Resources Fund worth $1,141,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. City State Bank bought a new position in shares of Adams Natural Resources Fund during the 4th quarter valued at $25,000. Priebe Wealth Holdings LLC bought a new position in Adams Natural Resources Fund in the fourth quarter valued at about $317,000. RFG Advisory LLC purchased a new position in Adams Natural Resources Fund in the fourth quarter worth about $326,000. Advisors Asset Management Inc. bought a new stake in shares of Adams Natural Resources Fund during the 3rd quarter valued at about $360,000. Finally, Wolverine Asset Management LLC increased its position in shares of Adams Natural Resources Fund by 1,206.2% during the 3rd quarter. Wolverine Asset Management LLC now owns 24,086 shares of the financial services provider’s stock valued at $559,000 after purchasing an additional 22,242 shares during the last quarter. Hedge funds and other institutional investors own 33.54% of the company’s stock.

Adams Natural Resources Fund Trading Down 1.3 %

Shares of NYSE:PEO opened at $22.37 on Wednesday. The firm’s 50 day moving average price is $22.32 and its 200-day moving average price is $22.99. Adams Natural Resources Fund, Inc. has a twelve month low of $20.90 and a twelve month high of $24.79.

Adams Natural Resources Fund Increases Dividend

The firm also recently declared a — dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, January 27th will be given a $0.53 dividend. The ex-dividend date is Monday, January 27th. This is an increase from Adams Natural Resources Fund’s previous — dividend of $0.16. This represents a yield of 5.3%.

Insider Transactions at Adams Natural Resources Fund

In related news, VP Gregory W. Buckley bought 1,450 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were bought at an average cost of $23.30 per share, with a total value of $33,785.00. Following the acquisition, the vice president now owns 17,604 shares in the company, valued at $410,173.20. This trade represents a 8.98 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.06% of the company’s stock.

About Adams Natural Resources Fund

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.