Cardinal Point Capital Management ULC Sells 8,775 Shares of ASA Gold and Precious Metals Limited $ASA

Cardinal Point Capital Management ULC lessened its stake in shares of ASA Gold and Precious Metals Limited (NYSE:ASA) by 48.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,525 shares of the investment management company’s stock after selling 8,775 shares during the period. Cardinal Point Capital Management ULC’s holdings in ASA Gold and Precious Metals were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Atria Wealth Solutions Inc. boosted its holdings 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 purchasing an additional 2,350 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of ASA Gold and Precious Metals during the 2nd quarter valued at about $231,000. Medici Capital LLC purchased a new stake in shares of ASA Gold and Precious Metals during the 2nd quarter valued at about $5,238,000. Fruth Investment Management purchased a new stake in shares of ASA Gold and Precious Metals during the 1st quarter valued at about $226,000. Finally, Sessa Capital IM L.P. raised its position in shares of ASA Gold and Precious Metals by 56.3% during the 1st quarter. Sessa Capital IM L.P. now owns 1,050,000 shares of the investment management company’s stock valued at $31,647,000 after buying an additional 378,327 shares in the last quarter.

ASA Gold and Precious Metals Price Performance

ASA Gold and Precious Metals stock opened at $45.48 on Friday. ASA Gold and Precious Metals Limited has a 1-year low of $19.37 and a 1-year high of $53.76. The company’s 50-day moving average is $42.61 and its 200 day moving average is $35.42.

ASA Gold and Precious Metals Dividend Announcement

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

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. acquired 20,540 shares of ASA Gold and Precious Metals stock in a transaction that occurred on Wednesday, October 22nd. The shares were bought at an average cost of $44.77 per share, with a total value of $919,575.80. Following the transaction, the insider directly owned 5,009,833 shares of the company’s stock, valued at $224,290,223.41. This trade represents a 0.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Over the last 90 days, insiders have bought 1,599,912 shares of company stock valued at $62,060,958. Corporate insiders own 1.69% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, ASA Gold and Precious Metals presently has an average rating of “Buy”.

ASA Gold and Precious Metals Profile

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.