Royce & Associates LP Sells 25,000 Shares of ASA Gold and Precious Metals Limited $ASA

Royce & Associates LP decreased its stake in ASA Gold and Precious Metals Limited (NYSE:ASA) by 15.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 136,887 shares of the investment management company’s stock after selling 25,000 shares during the quarter. Royce & Associates LP owned 0.73% of ASA Gold and Precious Metals worth $6,269,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Zazove Associates LLC acquired a new stake in shares of ASA Gold and Precious Metals in the 3rd quarter valued at approximately $811,000. Blue Bell Private Wealth Management LLC increased its stake in ASA Gold and Precious Metals by 9.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 138,355 shares of the investment management company’s stock worth $6,337,000 after purchasing an additional 11,808 shares in the last quarter. Advisor OS LLC acquired a new stake in shares of ASA Gold and Precious Metals during the third quarter worth $471,000. Laurel Wealth Advisors LLC lifted its position in ASA Gold and Precious Metals by 3,057.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 31,570 shares of the investment management company’s stock valued at $1,000,000 after acquiring an additional 30,570 shares in the last quarter. Finally, Dymon Asia Capital Singapore PTE. LTD. bought a new stake in ASA Gold and Precious Metals in the 2nd quarter valued at $370,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of ASA Gold and Precious Metals in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

ASA Gold and Precious Metals Price Performance

Shares of NYSE:ASA opened at $77.74 on Thursday. The company’s 50-day moving average price is $68.15 and its two-hundred day moving average price is $54.13. ASA Gold and Precious Metals Limited has a one year low of $24.00 and a one year high of $83.20.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. purchased 50,560 shares of ASA Gold and Precious Metals stock in a transaction that occurred on Friday, February 13th. The stock was purchased at an average cost of $71.50 per share, with a total value of $3,615,040.00. Following the completion of the transaction, the insider owned 5,903,701 shares of the company’s stock, valued at approximately $422,114,621.50. This trade represents a 0.86% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought a total of 614,447 shares of company stock valued at $41,333,358 over the last 90 days. 1.69% of the stock is currently owned by insiders.

ASA Gold and Precious Metals Company Profile

ASA Gold & Precious Metals Limited, trading on the New York Stock Exchange under the ticker ASA, is a closed-end investment company dedicated to providing shareholders with targeted exposure to the precious metals sector. Established in 1959 and domiciled in Guernsey, the company aims to combine dividend income with the potential for long-term capital appreciation by investing in a diversified suite of gold, silver, platinum and palladium assets.

The firm’s core activities involve constructing and managing a portfolio that blends equity positions in precious metals mining companies with direct holdings of physical bullion.