72,400 ASA Gold and Precious Metals Limited $ASA Shares Sold by Uncommon Cents Investing Inc

Key Points

• Uncommon Cents Investing reduced its ASA Gold and Precious Metals position by 17.7%, selling 72,400 shares in the third quarter and retaining 336,449 shares valued at approximately $18.8 million.
• Weiss Ratings upgraded ASA from “buy (b-)” to “buy (b),” while the stock maintained an overall “Buy” rating based on one analyst’s recommendation.
• ASA shares opened at $52.16, below their 50-day and 200-day moving averages, and the company announced a $0.05 dividend payable November 12 to shareholders of record November 5.

Uncommon Cents Investing Inc lessened its holdings in shares of ASA Gold and Precious Metals Limited (NYSE:ASA - Free Report) by 17.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 336,449 shares of the investment management company's stock after selling 72,400 shares during the quarter. ASA Gold and Precious Metals comprises approximately 3.9% of Uncommon Cents Investing Inc's holdings, making the stock its 2nd largest position. Uncommon Cents Investing Inc owned approximately 1.78% of ASA Gold and Precious Metals worth $18,757,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Integrated Wealth Concepts LLC increased its holdings in shares of ASA Gold and Precious Metals by 3.8% during the second quarter. Integrated Wealth Concepts LLC now owns 12,143 shares of the investment management company's stock valued at $632,000 after purchasing an additional 443 shares during the period. GHP Investment Advisors Inc. acquired a new stake in ASA Gold and Precious Metals in the first quarter worth about $31,000. Group One Trading LLC bought a new position in ASA Gold and Precious Metals in the 1st quarter valued at about $50,000. Trust Co. of Vermont bought a new position in ASA Gold and Precious Metals in the 2nd quarter valued at about $47,000. Finally, Zazove Associates LLC grew its position in ASA Gold and Precious Metals by 3.2% in the 1st quarter. Zazove Associates LLC now owns 32,655 shares of the investment management company's stock valued at $2,026,000 after buying an additional 1,000 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of ASA Gold and Precious Metals from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Buy rating. According to MarketBeat, the stock presently has an average rating of "Buy".

ASA Gold and Precious Metals Stock Down 0.7%

Shares of NYSE ASA opened at $52.16 on Wednesday. The stock has a fifty day moving average price of $58.74 and a two-hundred day moving average price of $58.99. ASA Gold and Precious Metals Limited has a 1 year low of $43.20 and a 1 year high of $83.20.

ASA Gold and Precious Metals Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, November 12th. Stockholders of record on Thursday, November 5th will be paid a $0.05 dividend. This represents a dividend yield of 19.0%. The ex-dividend date of this dividend is Thursday, November 5th.

About ASA Gold and Precious Metals

ASA Gold and Precious Metals Limited NYSE: ASA is a closed-end investment company focused on the global precious-metals sector. The fund seeks long-term capital appreciation by investing primarily in companies involved in the exploration, development, and production of gold, silver, platinum-group metals, and other precious metals.

Its portfolio generally consists of publicly traded mining and metals companies, including producers, developers, and exploration companies. ASA may also invest in businesses that provide related exposure to precious-metals prices and the mining industry.

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