Royce & Associates LP Sells 25,000 Shares of ASA Gold and Precious Metals Limited $ASA

Royce & Associates LP lessened its holdings in shares of ASA Gold and Precious Metals Limited (NYSE:ASA) by 15.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,887 shares of the investment management company’s stock after selling 25,000 shares during the quarter. Royce & Associates LP’s holdings in ASA Gold and Precious Metals were worth $6,269,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ASA. JPMorgan Chase & Co. acquired a new stake in ASA Gold and Precious Metals during the second quarter worth approximately $61,000. Savant Capital LLC bought a new position in shares of ASA Gold and Precious Metals during the third quarter worth approximately $220,000. Steward Partners Investment Advisory LLC increased its stake in shares of 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 worth $229,000 after purchasing an additional 4,272 shares during the period. HB Wealth Management LLC acquired a new stake in ASA Gold and Precious Metals during the 3rd quarter worth approximately $295,000. Finally, Dymon Asia Capital Singapore PTE. LTD. bought a new stake in ASA Gold and Precious Metals in the 2nd quarter valued at $370,000.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. bought 50,560 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were purchased at an average price of $71.50 per share, with a total value of $3,615,040.00. Following the completion of the purchase, the insider owned 5,903,701 shares in the company, valued at $422,114,621.50. This represents a 0.86% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have purchased a total of 614,447 shares of company stock valued at $41,333,358 in the last quarter. Company insiders own 1.69% of the company’s stock.

ASA Gold and Precious Metals Trading Up 3.9%

Shares of ASA opened at $77.74 on Thursday. ASA Gold and Precious Metals Limited has a 52-week low of $24.00 and a 52-week high of $83.20. The business’s fifty day moving average is $68.15 and its 200-day moving average is $54.13.

Analyst Upgrades and Downgrades

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

ASA Gold and Precious Metals Company 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.