Almitas Capital LLC Buys New Shares in ASA Gold and Precious Metals Limited $ASA

Almitas Capital LLC purchased a new stake in ASA Gold and Precious Metals Limited (NYSE:ASA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 335,342 shares of the investment management company’s stock, valued at approximately $15,359,000. ASA Gold and Precious Metals accounts for about 3.5% of Almitas Capital LLC’s investment portfolio, making the stock its 5th largest position. Almitas Capital LLC owned approximately 1.78% of ASA Gold and Precious Metals as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Zazove Associates LLC acquired a new position in shares of ASA Gold and Precious Metals during the third quarter valued at about $811,000. Blue Bell Private Wealth Management LLC grew its position in ASA Gold and Precious Metals by 9.3% during the third quarter. Blue Bell Private Wealth Management LLC now owns 138,355 shares of the investment management company’s stock worth $6,337,000 after buying an additional 11,808 shares in the last quarter. Advisor OS LLC bought a new position in ASA Gold and Precious Metals during the third quarter valued at about $471,000. Laurel Wealth Advisors LLC increased its stake in ASA Gold and Precious Metals by 3,057.0% during the second 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 during the period. Finally, Landscape Capital Management L.L.C. acquired a new position in ASA Gold and Precious Metals in the 3rd quarter valued at approximately $6,411,000.

ASA Gold and Precious Metals Price Performance

Shares of ASA Gold and Precious Metals stock opened at $65.43 on Friday. ASA Gold and Precious Metals Limited has a 52-week low of $24.00 and a 52-week high of $83.20. The company’s fifty day moving average price is $69.70 and its two-hundred day moving average price is $55.89.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at ASA Gold and Precious Metals

In other ASA Gold and Precious Metals news, major shareholder Saba Capital Management, L.P. bought 50,560 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were acquired at an average price of $71.50 per share, with a total value of $3,615,040.00. Following the completion of the purchase, the insider directly owned 5,903,701 shares in the company, valued at $422,114,621.50. The trade was a 0.86% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last quarter, insiders have bought 574,810 shares of company stock worth $39,157,604. 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.