Wolverine Asset Management LLC Has $161,000 Holdings in ASA Gold and Precious Metals Limited $ASA

Wolverine Asset Management LLC trimmed its holdings in ASA Gold and Precious Metals Limited (NYSE:ASA) by 90.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,524 shares of the investment management company’s stock after selling 34,887 shares during the period. Wolverine Asset Management LLC’s holdings in ASA Gold and Precious Metals were worth $161,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of ASA. JPMorgan Chase & Co. acquired a new position in shares of ASA Gold and Precious Metals in the 2nd quarter valued at approximately $61,000. HB Wealth Management LLC bought a new position in ASA Gold and Precious Metals in the third quarter valued at approximately $295,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of ASA Gold and Precious Metals in the second quarter valued at approximately $231,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of ASA Gold and Precious Metals by 143.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company’s stock valued at $229,000 after buying an additional 4,272 shares during the period. Finally, Atria Wealth Solutions Inc. increased its position in shares of ASA Gold and Precious Metals by 30.1% during the second quarter. Atria Wealth Solutions Inc. now owns 10,145 shares of the investment management company’s stock worth $320,000 after acquiring an additional 2,350 shares in the last quarter.

Insider Transactions at ASA Gold and Precious Metals

In related news, major shareholder Saba Capital Management, L.P. purchased 5,000 shares of the stock in a transaction on Wednesday, January 14th. The shares were purchased at an average price of $63.82 per share, with a total value of $319,100.00. Following the transaction, the insider directly owned 5,452,444 shares of the company’s stock, valued at $347,974,976.08. This trade represents a 0.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 499,460 shares of company stock worth $25,437,194 in the last 90 days. Corporate insiders own 1.69% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ASA Gold and Precious Metals Trading Down 0.1%

Shares of ASA stock opened at $63.41 on Monday. ASA Gold and Precious Metals Limited has a 1 year low of $21.57 and a 1 year high of $66.11. The firm’s fifty day moving average price is $55.89 and its two-hundred day moving average price is $45.33.

ASA Gold and Precious Metals 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.