Saba Capital Management Sells 73,510 Shares of Adams Natural Resources Fund.

Adams Natural Resources Fund, Inc. announced that 10% Owner Saba Capital Management, L.P. has disposed of 59,983 shares at a price of $22.02 per share on July 24, 2025, and has further disposed of 13,627 shares at a price of $22.03 per share on July 25, 2025.

Adams Natural Resources Fund, Inc. (NYSE: PEO) has disclosed that Saba Capital Management, L.P., a 10% owner of the company, has recently sold 59,983 shares at a price of $22.02 per share on July 24, 2025, and has further disposed of 13,627 shares at a price of $22.03 per share on July 25, 2025. These transactions follow a series of earlier sales by Saba Capital Management and Boaz Weinstein, with the fund's shares trading at prices ranging from $21.71 to $21.76 per share [1, 2].

The fund, currently with a market capitalization of $571 million, offers an attractive 9.55% dividend yield and has maintained dividend payments for 54 consecutive years. The recent sales, totaling $1,455,736, have not significantly impacted the stock's price, which remains at $21.67, well above its 52-week low of $18.34 [2].

Following the latest transaction, Saba Capital Management, L.P. and Boaz Weinstein indirectly own 2,825,727 shares of Adams Natural Resources Fund, Inc. The stock has shown resilience with a 5.24% year-to-date return and trades at a P/E ratio of 18.5. For deeper insights into PEO’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro [1].

References:
[1] https://za.investing.com/news/insider-trading-news/saba-capital-sells-adams-natural-resources-peo-shares-for-321179-93CH-3793737
[2] https://www.investing.com/news/insider-trading-news/saba-capital-sold-629k-in-adams-natural-resources-peo-stock-93CH-4144447