Chicago Capital Management LLC Purchases Shares of 96,624 Adams Resources & Energy, Inc. (NYSE:AE)

Chicago Capital Management LLC acquired a new position in shares of Adams Resources & Energy, Inc. (NYSE:AE) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 96,624 shares of the company’s stock, valued at approximately $3,648,000. Adams Resources & Energy makes up 2.3% of Chicago Capital Management LLC’s portfolio, making the stock its 20th largest holding.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Barclays PLC raised its position in shares of 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 buying an additional 1,049 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Adams Resources & Energy in the fourth quarter worth approximately $93,000. Ascension Capital Advisors Inc. acquired a new stake in Adams Resources & Energy during the fourth quarter valued at approximately $201,000. Net Worth Advisory Group bought a new stake in Adams Resources & Energy during the fourth quarter worth approximately $209,000. Finally, Atria Investments Inc acquired a new position in Adams Resources & Energy in the fourth quarter worth approximately $257,000. 57.81% of the stock is owned by institutional investors.

Adams Resources & Energy Stock Performance

NYSE AE opened at $37.98 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17. Adams Resources & Energy, Inc. has a 1-year low of $22.30 and a 1-year high of $38.00. The firm’s fifty day simple moving average is $37.91 and its 200-day simple moving average is $33.96. The company has a market capitalization of $97.61 million, a PE ratio of -12.02 and a beta of 0.83.

Wall Street Analyst Weigh In

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

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.