Adams Diversified Equity Fund Inc (ADX) Director Buys $253,470.00 in Stock

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Adams Diversified Equity Fund Inc (NYSE:ADX) Director Craig R. Smith acquired 17,000 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were purchased at an average cost of $14.91 per share, for a total transaction of $253,470.00. Following the completion of the purchase, the director now directly owns 46,469 shares of the company’s stock, valued at approximately $692,852.79. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Adams Diversified Equity Fund stock opened at $15.04 on Friday. Adams Diversified Equity Fund Inc has a 1-year low of $11.84 and a 1-year high of $16.82.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.20 annualized dividend and a yield of 1.33%.

A number of institutional investors have recently modified their holdings of ADX. Wealthcare Advisory Partners LLC grew its stake in Adams Diversified Equity Fund by 46.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,865 shares of the closed-end fund’s stock worth $36,000 after buying an additional 913 shares during the last quarter. Legacy Advisors LLC bought a new stake in Adams Diversified Equity Fund during the first quarter worth about $54,000. MinichMacGregor Wealth Management LLC bought a new stake in Adams Diversified Equity Fund during the first quarter worth about $133,000. Advisors Asset Management Inc. bought a new stake in Adams Diversified Equity Fund during the fourth quarter worth about $169,000. Finally, Intercontinental Wealth Advisors LLC bought a new stake in Adams Diversified Equity Fund during the fourth quarter worth about $179,000. 15.33% of the stock is currently owned by hedge funds and other institutional investors.

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Adams Diversified Equity Fund Company Profile

Adams Diversified Equity Fund, Inc is a self-managed investment trust. The firm invests in the public equity markets of the United States. It invests in stocks of large-cap companies across diversified sectors to make its investments. The firm employs a fundamental and quantitative analysis with a bottom-up stock picking approach, while focusing on earnings growth prospects, financial strength, cash flow generation, valuation, capital allocation, return on capital, defendable market position, market competition, macroeconomic backdrop, profitability, mileposts and catalysts, and "point in cycle" identification to make its investments.

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