Uncommon Cents Investing LLC Has $26.28 Million Stock Holdings in ASA Gold and Precious Metals Limited $ASA

Uncommon Cents Investing LLC lessened its stake in shares of ASA Gold and Precious Metals Limited (NYSE:ASA) by 14.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 440,404 shares of the investment management company’s stock after selling 77,370 shares during the quarter. ASA Gold and Precious Metals makes up about 6.4% of Uncommon Cents Investing LLC’s portfolio, making the stock its largest position. Uncommon Cents Investing LLC’s holdings in ASA Gold and Precious Metals were worth $26,279,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Almitas Capital LLC purchased a new position in ASA Gold and Precious Metals in the third quarter valued at about $15,359,000. Landscape Capital Management L.L.C. purchased a new stake in shares of ASA Gold and Precious Metals during the 3rd quarter worth approximately $6,411,000. Blue Bell Private Wealth Management LLC raised its holdings in shares of ASA Gold and Precious Metals by 9.3% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 138,355 shares of the investment management company’s stock worth $6,337,000 after purchasing an additional 11,808 shares during the period. Private Advisor Group LLC raised its holdings in shares of ASA Gold and Precious Metals by 3.2% in the 3rd quarter. Private Advisor Group LLC now owns 84,157 shares of the investment management company’s stock worth $3,854,000 after purchasing an additional 2,622 shares during the period. Finally, Noble Wealth Management PBC lifted its stake in ASA Gold and Precious Metals by 61.7% in the fourth quarter. Noble Wealth Management PBC now owns 73,354 shares of the investment management company’s stock valued at $4,377,000 after purchasing an additional 27,987 shares during the last quarter.

ASA Gold and Precious Metals Stock Performance

Shares of ASA stock opened at $62.10 on Wednesday. The firm’s 50 day moving average is $68.89 and its 200 day moving average is $57.74. ASA Gold and Precious Metals Limited has a 12 month low of $24.00 and a 12 month high of $83.20.

Insider Transactions at ASA Gold and Precious Metals

In related news, major shareholder Saba Capital Management, L.P. bought 50,560 shares of the company’s stock in a transaction on Friday, February 13th. The shares were purchased at an average price of $71.50 per share, for a total transaction of $3,615,040.00. Following the completion of the transaction, the insider directly owned 5,903,701 shares in the company, valued at approximately $422,114,621.50. The trade was a 0.86% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have acquired 511,988 shares of company stock worth $35,463,315. Insiders own 1.69% of the company’s stock.

Analyst Ratings Changes

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

ASA Gold and Precious Metals 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.