In the market the company is trading up from yesterday’s close of $14.44. Shares last traded at $14.49 a tad higher than $14.25, the stock’s 50 day moving average and barely above the 200 day moving average of $13.66. The 50 day moving average went up $0.24 or +1.7088% and the 200 day average went up $0.84 or +6.1252%.
There has been some buying and selling insider activity on Adams Diversified Equity Fund I (NYSE:ADX) recently. CEO Mark E. Stoeckle purchased 23,000 shares at an average price of $14.04 on Thu the 27th. Stoeckle now owns $659,748 of stock per an SEC filing yesterday. James P. Haynie, E.V.P. disclosed the purchase of 10,900 shares of (ADX). The shares were bought on January 27th for an average price of $13.21. The E.V.P. now owns $971,711 of the stock according to the SEC filing.
Mark E. Stoeckle, CEO reported the sale of 21,110 shares. The shares were purchased at an average price of $12.91. Stoeckle now owns $298,089 of the stock per the Form 4 SEC filing.
Adams Diversified Equity Fund, Inc., formerly The Adams Express Company, launched on February 10, 1976, is a diversified closed-end equity investment company. The Company?s holdings include Adams Natural Resources Fund, Microsoft Corp., General Electric Co., Pfizer Inc., PepsiCo, Inc., Oracle Corp., Procter & Gamble Co., Unilever plc, Genentech, Inc. and Exxon Mobil Corp..
The following firms have also recently changed their position in ADX. Morgan Stanley added to its stake by buying 5,490 shares an increase of 14.5%. Morgan Stanley claims 43,338 shares with a value of $596,000. The total value of its holdings increased 23.9%. As of quarter end Shaker Financial Services, LLC had acquired a total of 18,020 shares growing its holdings by 3.5%. The value of the investment in ADX increased from $6,547,000 to $7,331,000 increasing 12.0% since the last quarter.
As of the end of the quarter Bank Of Nova Scotia had sold 15,036 shares trimming its position 10.8%. The value of the company’s investment in Adams Diversified Equity Fund I went from $1,770,000 to $1,708,000 a change of $62,000 quarter over quarter. As of the end of the quarter Hightower Advisors, LLC had sold 799 shares trimming its stake by 1.2%. The value in dollars increased from $818,000 to $874,000 a change of 6.8% for the reporting period.
Adams Diversified Equity Fund I currently has a P/E ratio of 12.2512 and market capitalization is 1.44B.