Chicago Capital Management LLC Makes New $3.65 Million Investment in Adams Resources & Energy, Inc. (NYSE:AE)

Chicago Capital Management LLC purchased a new stake in Adams Resources & Energy, Inc. (NYSE:AE) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 96,624 shares of the company’s stock, valued at approximately $3,648,000. Adams Resources & Energy comprises 2.3% of Chicago Capital Management LLC’s investment portfolio, making the stock its 20th biggest position. Chicago Capital Management LLC owned about 3.76% of Adams Resources & Energy at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AE. Barclays PLC lifted its position in Adams Resources & Energy by 118.5% during the 3rd quarter. Barclays PLC now owns 1,934 shares of the company’s stock worth $52,000 after acquiring an additional 1,049 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Adams Resources & Energy in the fourth quarter valued at $93,000. Ascension Capital Advisors Inc. acquired a new stake in Adams Resources & Energy during the 4th quarter valued at $201,000. Net Worth Advisory Group purchased a new stake in Adams Resources & Energy during the 4th quarter worth $209,000. Finally, Atria Investments Inc acquired a new position in Adams Resources & Energy in the 4th quarter worth $257,000. 57.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Adams Resources & Energy in a research note on Friday, March 21st. They set a “buy” rating for the company.

Adams Resources & Energy Stock Performance

NYSE AE opened at $37.98 on Wednesday. The company’s fifty day moving average price is $37.91 and its two-hundred day moving average price is $33.96. The company has a market capitalization of $97.61 million, a price-to-earnings ratio of -12.02 and a beta of 0.83. Adams Resources & Energy, Inc. has a 12 month low of $22.30 and a 12 month high of $38.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.89.

Adams Resources & Energy Profile

Adams Resources & Energy, Inc engages in the business of crude oil marketing, transportation and storage in various crude oil and natural gas basins. It operates through the following segments: crude oil marketing, transportation and storage, tank truck transportation of liquid chemicals, pressurized gases, asphalt and dry bulk, and pipeline transportation, terminalling and storage of crude oil.