Matisse Capital Has $1.33 Million Position in Adams Natural Resources Fund Inc (PEO)

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Matisse Capital increased its stake in shares of Adams Natural Resources Fund Inc (NYSE:PEO) by 167.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,022 shares of the financial services provider’s stock after acquiring an additional 49,438 shares during the period. Adams Natural Resources Fund comprises 1.6% of Matisse Capital’s holdings, making the stock its 22nd largest position. Matisse Capital’s holdings in Adams Natural Resources Fund were worth $1,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of PEO. Vanguard Capital Wealth Advisors acquired a new stake in Adams Natural Resources Fund during the fourth quarter worth about $1,297,000. City of London Investment Management Co. Ltd. grew its holdings in Adams Natural Resources Fund by 35.1% during the fourth quarter. City of London Investment Management Co. Ltd. now owns 238,803 shares of the financial services provider’s stock worth $3,476,000 after acquiring an additional 62,085 shares during the period. Cohen & Steers Inc. grew its holdings in Adams Natural Resources Fund by 34.8% during the fourth quarter. Cohen & Steers Inc. now owns 181,845 shares of the financial services provider’s stock worth $2,649,000 after acquiring an additional 46,973 shares during the period. North Star Asset Management Inc. grew its holdings in Adams Natural Resources Fund by 19.3% during the fourth quarter. North Star Asset Management Inc. now owns 210,693 shares of the financial services provider’s stock worth $3,070,000 after acquiring an additional 34,078 shares during the period. Finally, RMB Capital Management LLC grew its holdings in Adams Natural Resources Fund by 64.0% during the fourth quarter. RMB Capital Management LLC now owns 70,942 shares of the financial services provider’s stock worth $1,034,000 after acquiring an additional 27,685 shares during the period. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Desjardins reaffirmed a “buy” rating and set a $9.50 target price on shares of Adams Natural Resources Fund in a report on Friday, February 22nd.

Adams Natural Resources Fund stock traded down $0.17 during midday trading on Wednesday, hitting $17.18. 110,155 shares of the company were exchanged, compared to its average volume of 96,647. Adams Natural Resources Fund Inc has a fifty-two week low of $13.60 and a fifty-two week high of $21.00.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.33%. The ex-dividend date is Thursday, May 16th.

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About Adams Natural Resources Fund

Adams Natural Resources Fund, Inc is a self-managed investment trust. The firm invests in the public equity markets across the globe. 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.

See Also: What are popular green investing opportunities?

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

Institutional Ownership by Quarter for Adams Natural Resources Fund (NYSE:PEO)

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