Adams Resources & Energy Inc (NYSEAMERICAN:AE) Short Interest Update

Adams Resources & Energy Inc (NYSEAMERICAN:AE) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totalling 1,800 shares, a drop of 48.6% from the July 31st total of 3,500 shares. Based on an average trading volume of 13,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

NYSEAMERICAN AE traded down $0.67 on Wednesday, hitting $30.08. The company’s stock had a trading volume of 5,641 shares, compared to its average volume of 7,524. Adams Resources & Energy has a 52-week low of $29.92 and a 52-week high of $46.07.

Adams Resources & Energy (NYSEAMERICAN:AE) last announced its earnings results on Wednesday, August 7th. The energy company reported $0.12 earnings per share for the quarter. The company had revenue of $484.43 million for the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be issued a $0.24 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.96 dividend on an annualized basis and a yield of 3.19%.

In other Adams Resources & Energy news, Director Murray E. Brasseux purchased 1,000 shares of the stock in a transaction on Monday, August 19th. The stock was acquired at an average cost of $31.30 per share, with a total value of $31,300.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders bought 3,414 shares of company stock valued at $109,472.

Several large investors have recently added to or reduced their stakes in AE. Morgan Stanley increased its position in Adams Resources & Energy by 19.6% during the 2nd quarter. Morgan Stanley now owns 2,655 shares of the energy company’s stock valued at $91,000 after buying an additional 436 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Adams Resources & Energy in the second quarter worth $221,000. Paloma Partners Management Co purchased a new stake in shares of Adams Resources & Energy in the second quarter worth $329,000. Minerva Advisors LLC bought a new position in shares of Adams Resources & Energy during the second quarter valued at $331,000. Finally, Wittenberg Investment Management Inc. increased its holdings in shares of Adams Resources & Energy by 19.1% during the second quarter. Wittenberg Investment Management Inc. now owns 22,435 shares of the energy company’s stock valued at $769,000 after acquiring an additional 3,602 shares in the last quarter.

About Adams Resources & Energy

Adams Resources & Energy, Inc, through its subsidiaries, primarily engages in the marketing, transportation, and storage of crude oil in the United States. The company operates in two segments, Crude Oil Marketing, Transportation and Storage; and Tank Truck Transportation of Liquid Chemicals and Dry Bulk.

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