Pekin Hardy Strauss Inc. Reduces Position in ASA Gold and Precious Metals Limited $ASA

Pekin Hardy Strauss Inc. trimmed its holdings in shares of ASA Gold and Precious Metals Limited (NYSE:ASA) by 4.8% in the 2nd quarter, Holdings Channel reports. The firm owned 27,770 shares of the investment management company’s stock after selling 1,400 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in ASA Gold and Precious Metals were worth $877,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atria Wealth Solutions Inc. boosted its holdings in shares of ASA Gold and Precious Metals by 30.1% in the second quarter. Atria Wealth Solutions Inc. now owns 10,145 shares of the investment management company’s stock valued at $320,000 after purchasing an additional 2,350 shares during the period. Blue Bell Private Wealth Management LLC increased its holdings in ASA Gold and Precious Metals by 3.0% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 116,268 shares of the investment management company’s stock worth $3,504,000 after purchasing an additional 3,345 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in ASA Gold and Precious Metals during the 2nd quarter valued at $231,000. Walleye Capital LLC raised its position in ASA Gold and Precious Metals by 43.4% during the 1st quarter. Walleye Capital LLC now owns 24,530 shares of the investment management company’s stock valued at $739,000 after purchasing an additional 7,419 shares in the last quarter. Finally, Fruth Investment Management purchased a new stake in shares of ASA Gold and Precious Metals in the 1st quarter worth $226,000.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. bought 928 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were bought at an average price of $44.68 per share, for a total transaction of $41,463.04. Following the completion of the purchase, the insider directly owned 5,166,512 shares of the company’s stock, valued at approximately $230,839,756.16. This trade represents a 0.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought a total of 1,651,782 shares of company stock worth $65,519,413 over the last 90 days. 1.69% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b+)” rating on shares of ASA Gold and Precious Metals in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

ASA Gold and Precious Metals Stock Performance

ASA Gold and Precious Metals stock opened at $45.87 on Friday. The business has a fifty day moving average of $44.52 and a two-hundred day moving average of $36.61. ASA Gold and Precious Metals Limited has a twelve month low of $19.37 and a twelve month high of $53.76.

ASA Gold and Precious Metals Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, November 19th. Investors of record on Wednesday, November 12th will be paid a dividend of $0.03 per share. This represents a dividend yield of 14.0%. The ex-dividend date is Wednesday, November 12th.

About ASA Gold and Precious Metals

ASA Gold and Precious Metals Limited is a publicly owned investment manager. The firm invests in the public equity markets across the globe. It primarily invests in stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds, or other precious minerals. It also invests in exchange traded funds.