Uncommon Cents Investing LLC Cuts Stock Position in ASA Gold and Precious Metals Limited $ASA

Key Points

• Uncommon Cents Investing LLC reduced its stake by 14.9% in ASA Gold and Precious Metals in Q4, selling 77,370 shares and retaining 440,404 shares, which represent 2.33% of ASA and are valued at about $26.28 million; ASA is the fund's largest holding at 6.4% of its portfolio.
• Saba Capital Management increased its position, buying 50,560 shares at $71.50 on Feb. 13 to hold 5,903,701 shares (~$422.1M), while company insiders bought 511,988 shares (~$35.46M) in the last 90 days and now own 1.69% of the company.
• Analyst sentiment and trading snapshot: Weiss Ratings reaffirmed a "Buy" and MarketBeat's average rating is "Buy"; ASA traded at $62.10 with a 12‑month range of $24.00–$83.20 and 50‑/200‑day moving averages of $68.89 and $57.74, respectively.

Uncommon Cents Investing LLC reduced its stake in ASA Gold and Precious Metals Limited (NYSE:ASA - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 440,404 shares of the investment management company's stock after selling 77,370 shares during the period. ASA Gold and Precious Metals accounts for 6.4% of Uncommon Cents Investing LLC's holdings, making the stock its biggest holding. Uncommon Cents Investing LLC owned 2.33% of ASA Gold and Precious Metals worth $26,279,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC bought a new position in shares of ASA Gold and Precious Metals during the 3rd quarter worth about $55,000. JPMorgan Chase & Co. bought a new stake in ASA Gold and Precious Metals in the 2nd quarter valued at about $61,000. DKM Wealth Management Inc. acquired a new position in ASA Gold and Precious Metals during the 4th quarter worth approximately $239,000. Savant Capital LLC bought a new position in ASA Gold and Precious Metals in the third quarter worth approximately $220,000. Finally, HB Wealth Management LLC bought a new position in ASA Gold and Precious Metals in the third quarter worth approximately $295,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "buy (b)" rating on shares of ASA Gold and Precious Metals in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy".

Insider Buying and Selling

In other ASA Gold and Precious Metals news, major shareholder Saba Capital Management, L.P. acquired 50,560 shares of the business's stock in a transaction on Friday, February 13th. The shares were acquired at an average price of $71.50 per share, with a total value of $3,615,040.00. Following the completion of the transaction, the insider owned 5,903,701 shares in the company, valued at approximately $422,114,621.50. This trade represents a 0.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders acquired 511,988 shares of company stock worth $35,463,315 in the last 90 days. Company insiders own 1.69% of the company's stock.

ASA Gold and Precious Metals Stock Performance

Shares of NYSE ASA opened at $62.10 on Wednesday. ASA Gold and Precious Metals Limited has a twelve month low of $24.00 and a twelve month high of $83.20. The stock's 50 day moving average price is $68.89 and its 200-day moving average price is $57.74.

About ASA Gold and Precious Metals

ASA Gold & Precious Metals Limited, trading on the New York Stock Exchange under the ticker ASA, is a closed-end investment company dedicated to providing shareholders with targeted exposure to the precious metals sector. Established in 1959 and domiciled in Guernsey, the company aims to combine dividend income with the potential for long-term capital appreciation by investing in a diversified suite of gold, silver, platinum and palladium assets.

The firm’s core activities involve constructing and managing a portfolio that blends equity positions in precious metals mining companies with direct holdings of physical bullion.

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