Zazove Associates LLC Purchases Shares of 17,700 ASA Gold and Precious Metals Limited $ASA

Zazove Associates LLC acquired a new position in ASA Gold and Precious Metals Limited (NYSE:ASA) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,700 shares of the investment management company’s stock, valued at approximately $811,000. Zazove Associates LLC owned about 0.09% of ASA Gold and Precious Metals at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ASA. Walleye Capital LLC lifted its position in ASA Gold and Precious Metals by 1.4% during the second quarter. Walleye Capital LLC now owns 24,871 shares of the investment management company’s stock valued at $785,000 after purchasing an additional 341 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in ASA Gold and Precious Metals in the second quarter worth about $61,000. Atria Wealth Solutions Inc. increased its stake in ASA Gold and Precious Metals by 30.1% during the second quarter. Atria Wealth Solutions Inc. now owns 10,145 shares of the investment management company’s stock worth $320,000 after acquiring an additional 2,350 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake 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 worth $229,000 after acquiring an additional 4,272 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in ASA Gold and Precious Metals during the second quarter valued at approximately $231,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

ASA Gold and Precious Metals Stock Up 1.8%

ASA Gold and Precious Metals stock opened at $62.44 on Monday. The company has a 50 day moving average price of $51.18 and a 200-day moving average price of $42.27. ASA Gold and Precious Metals Limited has a fifty-two week low of $19.98 and a fifty-two week high of $63.02.

Insider Buying and Selling at ASA Gold and Precious Metals

In other ASA Gold and Precious Metals news, major shareholder Saba Capital Management, L.P. acquired 3,881 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was bought at an average cost of $57.52 per share, with a total value of $223,235.12. Following the completion of the purchase, the insider directly owned 5,359,133 shares in the company, valued at $308,257,330.16. The trade was a 0.07% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 608,443 shares of company stock valued at $29,444,264 in the last ninety days. Insiders own 1.69% of the company’s stock.

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.