Adams Diversified Equity Fund (NYSE:ADX) Shares Gap Down – Time to Sell?

Adams Diversified Equity Fund, Inc. (NYSE:ADX)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $22.43, but opened at $20.50. Adams Diversified Equity Fund shares last traded at $20.49, with a volume of 193,040 shares changing hands.

Adams Diversified Equity Fund Trading Down 8.9 %

The firm has a fifty day moving average of $21.76 and a 200-day moving average of $21.25.

Adams Diversified Equity Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Friday, November 22nd will be paid a dividend of $1.96 per share. This represents a $7.84 dividend on an annualized basis and a dividend yield of 38.36%. The ex-dividend date is Friday, November 22nd.

Insider Activity at Adams Diversified Equity Fund

In related news, Director Frederic A. Escherich sold 9,500 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $21.93, for a total value of $208,335.00. Following the completion of the sale, the director now directly owns 49,908 shares in the company, valued at approximately $1,094,482.44. This trade represents a 15.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jane Musser Nelson acquired 1,155 shares of Adams Diversified Equity Fund stock in a transaction on Thursday, October 31st. The shares were bought at an average cost of $21.69 per share, with a total value of $25,051.95. Following the completion of the transaction, the director now owns 4,982 shares of the company’s stock, valued at approximately $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 owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new stake in shares of Adams Diversified Equity Fund in the third quarter valued at approximately $30,000. Rothschild Investment LLC acquired a new stake in Adams Diversified Equity Fund in the second quarter valued at about $45,000. Sunbelt Securities Inc. boosted its stake 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 in the last quarter. LRI Investments LLC acquired a new position in shares of Adams Diversified Equity Fund during the third quarter worth $62,000. Finally, Great Valley Advisor Group Inc. bought a new stake in shares of Adams Diversified Equity Fund during the second quarter worth about $206,000. 28.41% of the stock is owned by institutional investors and hedge funds.

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.