Adams Diversified Equity Fund (NYSE:ADX) Trading Down 0% – Time to Sell?

Adams Diversified Equity Fund, Inc. (NYSE:ADX) traded down 0% on Monday . The company traded as low as $20.78 and last traded at $20.78. 39,082 shares were traded during mid-day trading, a decline of 81% from the average session volume of 206,710 shares. The stock had previously closed at $20.79.

Adams Diversified Equity Fund Stock Performance

The company’s 50-day moving average price is $21.58 and its two-hundred day moving average price is $21.33.

Adams Diversified Equity Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Friday, November 22nd will be issued a dividend of $1.96 per share. This represents a $7.84 dividend on an annualized basis and a yield of 38.08%. The ex-dividend date of this dividend is Friday, November 22nd.

Insiders Place Their Bets

In other Adams Diversified Equity Fund news, Director Frederic A. Escherich sold 4,833 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $21.90, for a total transaction of $105,842.70. Following the completion of the sale, the director now directly owns 59,408 shares of the company’s stock, valued at approximately $1,301,035.20. This represents a 7.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jane Musser Nelson purchased 1,155 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were purchased at an average price of $21.69 per share, for a total transaction of $25,051.95. Following the acquisition, the director now directly owns 4,982 shares of the company’s stock, valued at $108,059.58. This trade represents a 30.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Adams Diversified Equity Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new stake in shares of Adams Diversified Equity Fund in the third quarter valued at $30,000. Rothschild Investment LLC purchased a new position in Adams Diversified Equity Fund during the 2nd quarter valued at about $45,000. Sunbelt Securities Inc. increased its holdings in shares of Adams Diversified Equity Fund by 23,200.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 2,563 shares of the closed-end fund’s stock valued at $55,000 after purchasing an additional 2,552 shares during the period. LRI Investments LLC purchased a new stake in shares of Adams Diversified Equity Fund in the third quarter worth approximately $62,000. Finally, Great Valley Advisor Group Inc. acquired a new stake in shares of Adams Diversified Equity Fund during the second quarter worth approximately $206,000. 28.41% of the stock is currently owned by hedge funds and other institutional investors.

Adams Diversified Equity Fund Company Profile

Adams Diversified Equity Fund, Inc is a publicly owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm launches equity.