165,926 Shares in ASA Gold and Precious Metals Limited $ASA Purchased by Medici Capital LLC

Key Points

• Medici Capital LLC has invested approximately $5.24 million in ASA Gold and Precious Metals Limited, acquiring 165,926 shares, which constitutes 5.1% of its portfolio.
• Insider trading activity includes Saba Capital Management purchasing 354,169 shares, increasing their ownership by 9.61%, and a total of 1,006,746 shares bought by insiders in the last three months.
• ASA Gold and Precious Metals has shown significant stock performance with a twelve-month low of $19.37 and a high of $41.50, with the current trading price at $40.90.

Medici Capital LLC acquired a new stake in shares of ASA Gold and Precious Metals Limited (NYSE:ASA - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 165,926 shares of the investment management company's stock, valued at approximately $5,238,000. ASA Gold and Precious Metals accounts for about 5.1% of Medici Capital LLC's portfolio, making the stock its 6th largest holding. Medici Capital LLC owned about 0.77% of ASA Gold and Precious Metals as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. NBC Securities Inc. lifted its position in ASA Gold and Precious Metals by 128,600.0% during the first quarter. NBC Securities Inc. now owns 1,287 shares of the investment management company's stock valued at $38,000 after purchasing an additional 1,286 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in shares of ASA Gold and Precious Metals in the 1st quarter valued at approximately $220,000. Fruth Investment Management acquired a new stake in ASA Gold and Precious Metals during the 1st quarter worth $226,000. Atria Wealth Solutions Inc. acquired a new stake in shares of ASA Gold and Precious Metals in the first quarter valued at about $235,000. Finally, Walleye Capital LLC increased its holdings in ASA Gold and Precious Metals by 43.4% during the 1st quarter. Walleye Capital LLC now owns 24,530 shares of the investment management company's stock valued at $739,000 after acquiring an additional 7,419 shares in the last quarter.

ASA Gold and Precious Metals Trading Up 2.7%

Shares of NYSE ASA traded up $1.12 during trading on Friday, reaching $42.09. 42,565 shares of the stock were exchanged, compared to its average volume of 86,114. The business's 50-day moving average price is $35.68 and its 200 day moving average price is $31.93. ASA Gold and Precious Metals Limited has a twelve month low of $19.37 and a twelve month high of $42.21.

Insider Buying and Selling at ASA Gold and Precious Metals

In related news, major shareholder Saba Capital Management, L.P. acquired 91,385 shares of the company's stock in a transaction on Tuesday, September 16th. The stock was purchased at an average cost of $41.50 per share, for a total transaction of $3,792,477.50. Following the completion of the purchase, the insider directly owned 4,625,028 shares of the company's stock, valued at $191,938,662. The trade was a 2.02% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 1,320,879 shares of company stock valued at $48,987,296 over the last three months. 0.29% of the stock is currently owned by corporate insiders.

ASA Gold and Precious Metals 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.