Saba capital sold $629k in Adams Natural Resources (PEO) stock

Published 21/07/2025, 16:34
Saba capital sold $629k in Adams Natural Resources (PEO) stock

Saba Capital Management, L.P. and Boaz Weinstein, both listed as ten percent owners, reported selling shares of Adams Natural Resources Fund, Inc. EXCHANGE:PEO, in two transactions. On July 17, 2025, they sold 13,709 shares at a price of $21.76. A subsequent sale on July 18, 2025, involved 15,267 shares at $21.71. The $569.59 million market cap company currently offers an attractive 9.31% dividend yield and has maintained dividend payments for 54 consecutive years, according to InvestingPro data.

The sales amounted to a total of $629754, with prices ranging from $21.71 to $21.76 per share. The current stock price of $21.67 sits well above its 52-week low of $18.34, with the company showing strong return performance over the past five years. For detailed analysis and additional insights, including 5 key ProTips, check out the comprehensive Pro Research Report available on InvestingPro. Following these transactions, Saba Capital Management, L.P. and Boaz Weinstein indirectly own 2,825,727 shares of Adams Natural Resources Fund, Inc.

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