Pekin Hardy Strauss Inc. Sells 1,400 Shares of ASA Gold and Precious Metals Limited $ASA

Pekin Hardy Strauss Inc. reduced its holdings in shares of ASA Gold and Precious Metals Limited (NYSE:ASA) by 4.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,770 shares of the investment management company’s stock after selling 1,400 shares during the period. Pekin Hardy Strauss Inc. owned 0.13% of ASA Gold and Precious Metals worth $877,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC bought a new position in shares of ASA Gold and Precious Metals during the second quarter valued at approximately $231,000. Fruth Investment Management bought a new position in ASA Gold and Precious Metals during the 1st quarter valued at approximately $226,000. Atria Wealth Solutions Inc. purchased a new position in ASA Gold and Precious Metals during the first quarter valued at $235,000. Walleye Capital LLC raised its stake in ASA Gold and Precious Metals by 43.4% during the first quarter. Walleye Capital LLC now owns 24,530 shares of the investment management company’s stock valued at $739,000 after buying an additional 7,419 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in ASA Gold and Precious Metals in the second quarter worth $1,213,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of ASA Gold and Precious Metals in a research note on Thursday, October 30th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, ASA Gold and Precious Metals currently has a consensus rating of “Buy”.

ASA Gold and Precious Metals Stock Performance

ASA stock opened at $45.87 on Friday. ASA Gold and Precious Metals Limited has a 1 year low of $19.37 and a 1 year high of $53.76. The stock’s fifty day moving average price is $44.52 and its 200-day moving average price is $36.61.

ASA Gold and Precious Metals Announces Dividend

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

Insider Transactions at ASA Gold and Precious Metals

In other news, major shareholder Saba Capital Management, L.P. bought 928 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was bought at an average price of $44.68 per share, with a total value of $41,463.04. Following the acquisition, the insider owned 5,166,512 shares of the company’s stock, valued at approximately $230,839,756.16. This represents a 0.02% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have purchased 1,651,782 shares of company stock valued at $65,519,413. Corporate insiders own 1.69% of the company’s stock.

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.