ASA Gold and Precious Metals (NYSE:ASA) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

ASA Gold and Precious Metals Limited (NYSE:ASA) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $39.45 and traded as high as $49.14. ASA Gold and Precious Metals shares last traded at $46.60, with a volume of 271,929 shares traded.

Analyst Upgrades and Downgrades

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

ASA Gold and Precious Metals Stock Performance

The stock’s 50-day moving average is $39.45 and its two-hundred day moving average is $33.84.

ASA Gold and Precious Metals Dividend Announcement

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

Insider Buying and Selling

In other ASA Gold and Precious Metals news, major shareholder Saba Capital Management, L.P. acquired 354,169 shares of the stock in a transaction on Tuesday, August 12th. The stock was acquired at an average price of $35.39 per share, for a total transaction of $12,534,040.91. Following the completion of the transaction, the insider directly owned 4,040,715 shares of the company’s stock, valued at $143,000,903.85. This trade represents a 9.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired a total of 1,422,990 shares of company stock worth $53,607,353 in the last three months. 1.69% of the stock is owned by company insiders.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Several institutional investors have recently bought and sold shares of ASA. NBC Securities Inc. lifted its position in ASA Gold and Precious Metals by 128,600.0% during the first quarter. NBC Securities Inc. now owns 1,287 shares of the investment management company’s stock valued at $38,000 after purchasing an additional 1,286 shares during the last quarter. JPMorgan Chase & Co. bought a new position in ASA Gold and Precious Metals during the second quarter valued at $61,000. Wealthcare Advisory Partners LLC bought a new position in ASA Gold and Precious Metals during the first quarter valued at $220,000. Fruth Investment Management bought a new position in ASA Gold and Precious Metals during the first quarter valued at $226,000. Finally, Steward Partners Investment Advisory LLC lifted its position in ASA Gold and Precious Metals by 143.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company’s stock valued at $229,000 after purchasing an additional 4,272 shares during the last quarter.

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.