9,504 Shares in ASA Gold and Precious Metals Limited $ASA Purchased by Flax Pond Capital LLC

Flax Pond Capital LLC acquired a new stake in ASA Gold and Precious Metals Limited (NYSE:ASA) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 9,504 shares of the investment management company’s stock, valued at approximately $567,000.

Several other hedge funds have also recently added to or reduced their stakes in ASA. Saba Capital Management L.P. raised its position in ASA Gold and Precious Metals by 15.8% during the fourth quarter. Saba Capital Management L.P. now owns 5,391,713 shares of the investment management company’s stock worth $321,724,000 after acquiring an additional 735,036 shares during the last quarter. Almitas Capital LLC lifted its holdings in shares of ASA Gold and Precious Metals by 14.0% in the fourth quarter. Almitas Capital LLC now owns 382,139 shares of the investment management company’s stock valued at $22,802,000 after purchasing an additional 46,797 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its position in shares of ASA Gold and Precious Metals by 3.6% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 143,341 shares of the investment management company’s stock valued at $8,553,000 after purchasing an additional 4,986 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of ASA Gold and Precious Metals in the third quarter valued at approximately $6,411,000. Finally, Private Advisor Group LLC grew its position in shares of ASA Gold and Precious Metals by 3.2% in the third quarter. Private Advisor Group LLC now owns 84,157 shares of the investment management company’s stock valued at $3,854,000 after purchasing an additional 2,622 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded ASA Gold and Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, ASA Gold and Precious Metals currently has a consensus rating of “Buy”.

ASA Gold and Precious Metals Stock Up 0.3%

ASA opened at $59.36 on Friday. ASA Gold and Precious Metals Limited has a 52 week low of $30.35 and a 52 week high of $83.20. The business’s fifty day simple moving average is $63.57 and its 200 day simple moving average is $64.34.

ASA Gold and Precious Metals Announces Dividend

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

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.