ASA Gold and Precious Metals Limited (NYSE:ASA) Plans Semi-annual Dividend of $0.03

Key Points

• ASA Gold and Precious Metals Limited announced a dividend of $0.03 per share, with shareholders of record set to receive it on November 19th, yielding 14.0%.
• The ex-dividend date is November 12th, and ASA's stock recently traded up by 3.4% to reach $42.35.
• ASA Gold and Precious Metals primarily invests in companies involved in the exploration, mining, or processing of precious minerals globally.

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) announced a semi-annual dividend on Friday, September 19th. Shareholders of record on Wednesday, November 12th will be paid a dividend of 0.03 per share by the investment management company on Wednesday, November 19th. This represents a yield of 14.0%. The ex-dividend date is Wednesday, November 12th.

ASA Gold and Precious Metals Stock Performance

ASA Gold and Precious Metals stock traded up $1.08 during mid-day trading on Monday, hitting $43.45. 225,724 shares of the company were exchanged, compared to its average volume of 170,491. ASA Gold and Precious Metals has a 1-year low of $19.37 and a 1-year high of $43.71. The business has a fifty day moving average of $36.09 and a 200 day moving average of $32.26.

Insider Activity at ASA Gold and Precious Metals

In other ASA Gold and Precious Metals news, major shareholder Saba Capital Management, L.P. purchased 354,169 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were acquired at an average cost of $35.39 per share, for a total transaction of $12,534,040.91. Following the transaction, the insider directly owned 4,040,715 shares in the company, valued at approximately $143,000,903.85. The trade was a 9.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders purchased 1,346,749 shares of company stock valued at $50,049,655. 0.29% of the stock is owned by insiders.

Institutional Trading of ASA Gold and Precious Metals

Several hedge funds have recently modified their holdings of the stock. Walleye Capital LLC increased its stake in ASA Gold and Precious Metals by 1.4% in 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 in the last quarter. NBC Securities Inc. grew its holdings in shares of ASA Gold and Precious Metals by 128,600.0% in the 1st quarter. NBC Securities Inc. now owns 1,287 shares of the investment management company's stock valued at $38,000 after buying an additional 1,286 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of ASA Gold and Precious Metals in the 2nd quarter valued at $61,000. Atria Wealth Solutions Inc. increased its position in shares of ASA Gold and Precious Metals by 30.1% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 10,145 shares of the investment management company's stock valued at $320,000 after buying an additional 2,350 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its stake in ASA Gold and Precious Metals by 3.0% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 116,268 shares of the investment management company's stock worth $3,504,000 after buying an additional 3,345 shares during the period.

ASA Gold and Precious Metals Company Profile

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.