Millennium Management LLC Invests $200,000 in Adams Resources & Energy, Inc. (NYSE:AE)

Millennium Management LLC acquired a new position in Adams Resources & Energy, Inc. (NYSE:AE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,310 shares of the company’s stock, valued at approximately $200,000.

A number of other hedge funds have also recently made changes to their positions in the business. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Adams Resources & Energy in the fourth quarter worth $93,000. Ascension Capital Advisors Inc. purchased a new position in shares of Adams Resources & Energy in the fourth quarter worth $201,000. Net Worth Advisory Group purchased a new position in shares of Adams Resources & Energy in the fourth quarter worth $209,000. Hsbc Holdings PLC purchased a new position in shares of Adams Resources & Energy in the fourth quarter worth $230,000. Finally, Atria Investments Inc purchased a new position in shares of Adams Resources & Energy in the fourth quarter worth $257,000. 57.81% of the stock is currently owned by institutional investors.

Adams Resources & Energy Price Performance

Shares of NYSE AE opened at $37.98 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.17. The firm’s fifty day moving average is $37.98 and its 200 day moving average is $37.78. The company has a market cap of $97.61 million, a price-to-earnings ratio of -12.02 and a beta of 0.83. Adams Resources & Energy, Inc. has a 52 week low of $22.30 and a 52 week high of $38.00.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen initiated coverage on shares of Adams Resources & Energy in a research note on Friday, May 16th. They issued a “buy” rating on the stock.

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.