Sprott Inc. Acquires 120,000 Shares of ASA Gold and Precious Metals Limited $ASA

Key Points

• Sprott Inc. has increased its stake in ASA Gold and Precious Metals Limited by 74.9%, now holding 280,183 shares valued at approximately $8.45 million.
• Other institutional investors such as Sessa Capital IM L.P. and Capstone Investment Advisors LLC have also significantly raised their positions in the company, with increases of up to 634.3%.
• Insiders, including major shareholder Saba Capital Management, have purchased a total of 818,567 shares worth nearly $28.75 million over the past quarter.

Sprott Inc. boosted its position in shares of ASA Gold and Precious Metals Limited (NYSE:ASA - Free Report) by 74.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 280,183 shares of the investment management company's stock after acquiring an additional 120,000 shares during the quarter. Sprott Inc. owned 1.30% of ASA Gold and Precious Metals worth $8,445,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Wealthcare Advisory Partners LLC acquired a new position in shares of ASA Gold and Precious Metals in the first quarter valued at about $220,000. Private Advisor Group LLC grew its stake in shares of ASA Gold and Precious Metals by 57.7% in the first quarter. Private Advisor Group LLC now owns 82,054 shares of the investment management company's stock valued at $2,473,000 after acquiring an additional 30,024 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new position in shares of ASA Gold and Precious Metals in the first quarter valued at about $235,000. Cetera Investment Advisers grew its stake in shares of ASA Gold and Precious Metals by 223.9% in the first quarter. Cetera Investment Advisers now owns 188,855 shares of the investment management company's stock valued at $5,692,000 after acquiring an additional 130,547 shares in the last quarter. Finally, Matrix Trust Co grew its stake in shares of ASA Gold and Precious Metals by 36.9% in the first quarter. Matrix Trust Co now owns 47,899 shares of the investment management company's stock valued at $1,444,000 after acquiring an additional 12,911 shares in the last quarter.

Insider Transactions at ASA Gold and Precious Metals

In other news, major shareholder Saba Capital Management, L.P. acquired 7,520 shares of ASA Gold and Precious Metals stock in a transaction on Monday, August 25th. The shares were purchased at an average cost of $36.51 per share, for a total transaction of $274,555.20. Following the completion of the purchase, the insider directly owned 4,085,154 shares of the company's stock, valued at approximately $149,148,972.54. This represents a 0.18% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have bought 831,317 shares of company stock worth $29,214,692 in the last 90 days. Corporate insiders own 0.29% of the company's stock.

ASA Gold and Precious Metals Trading Up 0.2%

Shares of ASA stock traded up $0.09 on Wednesday, hitting $37.27. The company's stock had a trading volume of 88,040 shares, compared to its average volume of 75,950. The stock's 50 day moving average is $33.16 and its 200-day moving average is $30.31. ASA Gold and Precious Metals Limited has a fifty-two week low of $18.51 and a fifty-two week high of $37.37.

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.