Landscape Capital Management L.L.C. Makes New Investment in ASA Gold and Precious Metals Limited $ASA

Landscape Capital Management L.L.C. acquired a new stake in ASA Gold and Precious Metals Limited (NYSE:ASA) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 139,975 shares of the investment management company’s stock, valued at approximately $6,411,000.

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

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. purchased 83,533 shares of the stock in a transaction on Thursday, February 12th. The shares were purchased at an average cost of $69.69 per share, with a total value of $5,821,414.77. Following the acquisition, the insider directly owned 5,853,141 shares in the company, valued at $407,905,396.29. The trade was a 1.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders have bought 574,810 shares of company stock valued at $39,157,604. 1.69% of the stock is currently owned by corporate insiders.

ASA Gold and Precious Metals Price Performance

Shares of ASA traded down $1.05 during trading hours on Friday, hitting $68.86. The company had a trading volume of 17,898 shares, compared to its average volume of 128,951. The business has a fifty day moving average of $69.55 and a 200-day moving average of $55.56. ASA Gold and Precious Metals Limited has a 12 month low of $24.00 and a 12 month high of $83.20.

Analyst Ratings Changes

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 data from MarketBeat.com, ASA Gold and Precious Metals has a consensus 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.