Zazove Associates LLC Takes $811,000 Position in ASA Gold and Precious Metals Limited $ASA

Zazove Associates LLC purchased a new position in ASA Gold and Precious Metals Limited (NYSE:ASA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,700 shares of the investment management company’s stock, valued at approximately $811,000.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in shares of ASA Gold and Precious Metals in the second quarter valued at about $61,000. Fruth Investment Management purchased a new stake in ASA Gold and Precious Metals during the first quarter worth $226,000. Steward Partners Investment Advisory LLC boosted its stake in shares of ASA Gold and Precious Metals by 143.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company’s stock worth $229,000 after acquiring an additional 4,272 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in ASA Gold and Precious Metals during the second quarter worth approximately $231,000. Finally, Atria Wealth Solutions Inc. lifted its position in shares of ASA Gold and Precious Metals by 30.1% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 10,145 shares of the investment management company’s stock valued at $320,000 after buying an additional 2,350 shares in the last quarter.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. bought 3,881 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were purchased at an average cost of $57.52 per share, for a total transaction of $223,235.12. Following the completion of the purchase, the insider owned 5,359,133 shares of the company’s stock, valued at approximately $308,257,330.16. This represents a 0.07% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 608,443 shares of company stock valued at $29,444,264 in the last 90 days. 1.69% of the stock is currently owned by company insiders.

ASA Gold and Precious Metals Price Performance

ASA Gold and Precious Metals stock opened at $62.44 on Monday. ASA Gold and Precious Metals Limited has a 1 year low of $19.98 and a 1 year high of $63.02. The company’s 50 day simple moving average is $51.18 and its 200-day simple moving average is $42.27.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

About ASA Gold and Precious Metals

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.