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

Stephens Inc. AR lessened its position in shares of ASA Gold and Precious Metals Limited (NYSE:ASA) by 12.8% during the second quarter, HoldingsChannel.com reports. The fund owned 16,674 shares of the investment management company’s stock after selling 2,438 shares during the period. Stephens Inc. AR’s holdings in ASA Gold and Precious Metals were worth $526,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fruth Investment Management bought a new stake in ASA Gold and Precious Metals during the 1st quarter worth approximately $226,000. Wealth Enhancement Advisory Services LLC purchased a new position in ASA Gold and Precious Metals in the 2nd quarter worth approximately $231,000. Atria Wealth Solutions Inc. purchased a new position in ASA Gold and Precious Metals in the 1st quarter worth approximately $235,000. Walleye Capital LLC grew its stake in ASA Gold and Precious Metals by 43.4% in the 1st quarter. Walleye Capital LLC now owns 24,530 shares of the investment management company’s stock worth $739,000 after buying an additional 7,419 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in 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 buying an additional 30,024 shares in the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research note on Wednesday, October 8th. One 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 Price Performance

ASA Gold and Precious Metals stock opened at $45.48 on Friday. The firm has a fifty day simple moving average of $42.61 and a two-hundred day simple moving average of $35.49. ASA Gold and Precious Metals Limited has a twelve month low of $19.37 and a twelve month high of $53.76.

ASA Gold and Precious Metals Announces Dividend

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

Insiders Place Their Bets

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 on Wednesday, October 22nd. The stock was acquired at an average cost of $44.77 per share, with a total value of $919,575.80. Following the completion of the purchase, the insider directly owned 5,009,833 shares of the company’s stock, valued at approximately $224,290,223.41. This trade represents a 0.41% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have acquired 1,599,912 shares of company stock valued at $62,060,958 over the last ninety days. Insiders own 1.69% of the company’s stock.

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.