Stephens Inc. AR Sells 2,438 Shares of ASA Gold and Precious Metals Limited $ASA

Stephens Inc. AR trimmed its holdings in ASA Gold and Precious Metals Limited (NYSE:ASA) by 12.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,674 shares of the investment management company’s stock after selling 2,438 shares during the period. Stephens Inc. AR owned about 0.08% of ASA Gold and Precious Metals worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Fruth Investment Management bought a new position in shares of ASA Gold and Precious Metals in the first quarter valued at $226,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of ASA Gold and Precious Metals in the second quarter valued at $231,000. Atria Wealth Solutions Inc. bought a new position in shares of ASA Gold and Precious Metals in the first quarter valued at $235,000. Walleye Capital LLC lifted its stake in shares of ASA Gold and Precious Metals by 43.4% in the first quarter. Walleye Capital LLC now owns 24,530 shares of the investment management company’s stock valued at $739,000 after buying an additional 7,419 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of ASA Gold and Precious Metals by 57.7% in the 1st quarter. Private Advisor Group LLC now owns 82,054 shares of the investment management company’s stock worth $2,473,000 after acquiring an additional 30,024 shares in the last quarter.

Insider Activity

In other ASA Gold and Precious Metals news, major shareholder Saba Capital Management, L.P. purchased 20,540 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were bought at an average price of $44.77 per share, with a total value of $919,575.80. Following the completion of the transaction, the insider directly owned 5,009,833 shares in the company, valued at approximately $224,290,223.41. This trade represents a 0.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 1,599,912 shares of company stock valued at $62,060,958 over the last 90 days. Insiders own 1.69% of the company’s stock.

ASA Gold and Precious Metals Trading Down 1.7%

ASA opened at $45.48 on Friday. ASA Gold and Precious Metals Limited has a twelve month low of $19.37 and a twelve month high of $53.76. The company’s 50-day moving average price is $42.61 and its two-hundred day moving average price is $35.49.

ASA Gold and Precious Metals Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 12th will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a dividend yield of 14.0%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, ASA Gold and Precious Metals presently has an average rating of “Buy”.

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.