First Wilshire Securities Management Inc. Purchases 932 Shares of Adams Resources & Energy, Inc. (NYSE:AE)

First Wilshire Securities Management Inc. raised its position in Adams Resources & Energy, Inc. (NYSE:AE) by 2.9% in the fourth quarter, HoldingsChannel reports. The fund owned 32,821 shares of the company’s stock after purchasing an additional 932 shares during the quarter. First Wilshire Securities Management Inc.’s holdings in Adams Resources & Energy were worth $1,239,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AE. Cerity Partners LLC increased its position in shares of Adams Resources & Energy by 117.1% during the third quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock worth $549,000 after acquiring an additional 10,977 shares in the last quarter. Barclays PLC boosted its stake in Adams Resources & Energy by 118.5% during the 3rd quarter. Barclays PLC now owns 1,934 shares of the company’s stock valued at $52,000 after purchasing an additional 1,049 shares during the last quarter. Geode Capital Management LLC increased its holdings in Adams Resources & Energy by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 25,124 shares of the company’s stock worth $679,000 after purchasing an additional 1,916 shares in the last quarter. Ascension Capital Advisors Inc. purchased a new stake in shares of Adams Resources & Energy in the fourth quarter worth approximately $201,000. Finally, Atria Investments Inc purchased a new stake in shares of Adams Resources & Energy in the fourth quarter worth approximately $257,000. Institutional investors own 57.81% of the company’s stock.

Adams Resources & Energy Price Performance

AE opened at $37.98 on Wednesday. Adams Resources & Energy, Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $38.00. The firm has a market capitalization of $97.61 million, a P/E ratio of -12.02 and a beta of 0.83. The company’s 50-day moving average is $37.96 and its 200 day moving average is $34.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.89.

Analysts Set New Price Targets

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

About Adams Resources & Energy

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.