Adams Diversified Equity Fund Inc (NYSE:ADX) Director Kenneth James Dale Buys 1,576 Shares

Adams Diversified Equity Fund Inc (NYSE:ADX) Director Kenneth James Dale purchased 1,576 shares of Adams Diversified Equity Fund stock in a transaction dated Thursday, August 1st. The stock was bought at an average cost of $15.84 per share, with a total value of $24,963.84. Following the completion of the transaction, the director now directly owns 15,810 shares of the company’s stock, valued at $250,430.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE ADX traded down $0.09 during mid-day trading on Friday, reaching $15.77. The company had a trading volume of 195,905 shares, compared to its average volume of 171,487. The business has a fifty day simple moving average of $15.67. Adams Diversified Equity Fund Inc has a 12-month low of $11.84 and a 12-month high of $16.82.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, August 15th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cornerstone Advisors Inc. purchased a new stake in shares of Adams Diversified Equity Fund in the second quarter worth approximately $26,000. NEXT Financial Group Inc purchased a new stake in shares of Adams Diversified Equity Fund in the second quarter worth approximately $28,000. Legacy Advisors LLC purchased a new stake in shares of Adams Diversified Equity Fund in the first quarter worth approximately $54,000. MinichMacGregor Wealth Management LLC purchased a new stake in shares of Adams Diversified Equity Fund in the first quarter worth approximately $133,000. Finally, SMH Capital Advisors Inc. lifted its position in shares of Adams Diversified Equity Fund by 10.2% in the first quarter. SMH Capital Advisors Inc. now owns 11,777 shares of the closed-end fund’s stock worth $170,000 after purchasing an additional 1,092 shares in the last quarter. 15.75% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Convertible Shares

Receive News & Ratings for Adams Diversified Equity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adams Diversified Equity Fund and related companies with MarketBeat.com's FREE daily email newsletter.