Sessa Capital IM L.P. Has $31.65 Million Holdings in ASA Gold and Precious Metals Limited $ASA

Key Points

• Sessa Capital IM L.P. increased its position in ASA Gold and Precious Metals Limited by 56.3%, owning 1,050,000 shares valued at approximately $31.6 million.
• Other institutional investors, such as Wealthcare Advisory Partners LLC and Atria Wealth Solutions Inc., also established new stakes in the company during the first quarter.
• Major shareholder Saba Capital Management purchased 354,169 shares at an average cost of $35.39, increasing its ownership by 9.61%.

Sessa Capital IM L.P. increased its stake in ASA Gold and Precious Metals Limited (NYSE:ASA - Free Report) by 56.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,050,000 shares of the investment management company's stock after purchasing an additional 378,327 shares during the period. ASA Gold and Precious Metals accounts for 1.2% of Sessa Capital IM L.P.'s portfolio, making the stock its 16th largest position. Sessa Capital IM L.P. owned approximately 4.88% of ASA Gold and Precious Metals worth $31,647,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Sprott Inc. lifted its holdings in shares of ASA Gold and Precious Metals by 74.9% in the 1st quarter. Sprott Inc. now owns 280,183 shares of the investment management company's stock worth $8,445,000 after purchasing an additional 120,000 shares during the last quarter. Cetera Investment Advisers increased its position in shares of ASA Gold and Precious Metals by 223.9% during the 1st quarter. Cetera Investment Advisers now owns 188,855 shares of the investment management company's stock valued at $5,692,000 after purchasing an additional 130,547 shares during the period. Blue Bell Private Wealth Management LLC increased its position in shares of 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 valued at $3,504,000 after purchasing an additional 3,345 shares during the period. Private Advisor Group LLC grew its holdings in shares of ASA Gold and Precious Metals by 57.7% in the 1st quarter. Private Advisor Group LLC now owns 82,054 shares of the investment management company's stock worth $2,473,000 after acquiring an additional 30,024 shares during the last quarter. Finally, Matrix Trust Co grew its holdings in shares of ASA Gold and Precious Metals by 36.9% in the 1st quarter. Matrix Trust Co now owns 47,899 shares of the investment management company's stock worth $1,444,000 after acquiring an additional 12,911 shares during the last quarter.

Insider Transactions at ASA Gold and Precious Metals

In other news, major shareholder Saba Capital Management, L.P. acquired 19,126 shares of ASA Gold and Precious Metals stock in a transaction that occurred on Wednesday, September 10th. The stock was purchased at an average price of $40.34 per share, with a total value of $771,542.84. Following the completion of the transaction, the insider owned 4,310,895 shares in the company, valued at approximately $173,901,504.30. This trade represents a 0.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 1,006,746 shares of company stock worth $36,123,021 over the last ninety days. 0.29% of the stock is currently owned by company insiders.

ASA Gold and Precious Metals Stock Performance

Shares of ASA Gold and Precious Metals stock traded up $0.50 during midday trading on Thursday, hitting $40.77. The company's stock had a trading volume of 257,264 shares, compared to its average volume of 83,357. The stock has a 50-day simple moving average of $34.60 and a 200-day simple moving average of $31.25. ASA Gold and Precious Metals Limited has a 1-year low of $19.25 and a 1-year high of $40.97.

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.