Altium Capital Management LLC Acquires New Position in ASA Gold and Precious Metals Limited $ASA

Altium Capital Management LLC bought a new position in shares of ASA Gold and Precious Metals Limited (NYSE:ASA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 52,219 shares of the investment management company’s stock, valued at approximately $3,116,000. ASA Gold and Precious Metals accounts for 12.3% of Altium Capital Management LLC’s portfolio, making the stock its largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WHI TRUST Co LLC bought a new stake in ASA Gold and Precious Metals during the 4th quarter worth approximately $30,000. Advisory Services Network LLC bought a new stake in ASA Gold and Precious Metals during the 3rd quarter worth approximately $55,000. JPMorgan Chase & Co. bought a new stake in ASA Gold and Precious Metals during the 2nd quarter worth approximately $61,000. Farther Finance Advisors LLC bought a new stake in ASA Gold and Precious Metals during the 4th quarter worth approximately $95,000. Finally, AlphaStar Capital Management LLC bought a new stake in ASA Gold and Precious Metals during the 4th quarter worth approximately $217,000.

ASA Gold and Precious Metals Stock Up 0.8%

Shares of ASA Gold and Precious Metals stock opened at $61.61 on Thursday. ASA Gold and Precious Metals Limited has a fifty-two week low of $29.72 and a fifty-two week high of $83.20. The company has a fifty day moving average of $64.93 and a 200 day moving average of $62.62.

ASA Gold and Precious Metals Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, May 13th. Shareholders of record on Friday, May 1st were paid a $0.04 dividend. This represents a yield of 13.0%. The ex-dividend date was Friday, May 1st.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of ASA Gold and Precious Metals in a report on Friday, April 24th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average 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.