Sessa Capital IM L.P. Grows Position in ASA Gold and Precious Metals Limited (NYSE:ASA)

Sessa Capital IM L.P. grew its holdings in ASA Gold and Precious Metals Limited (NYSE:ASA - Free Report) by 22.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 671,673 shares of the investment management company's stock after buying an additional 121,673 shares during the period. ASA Gold and Precious Metals accounts for about 0.5% of Sessa Capital IM L.P.'s holdings, making the stock its 21st biggest holding. Sessa Capital IM L.P. owned 3.12% of ASA Gold and Precious Metals worth $13,581,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in ASA Gold and Precious Metals in the 4th quarter valued at $12,492,000. Capstone Investment Advisors LLC boosted its position in shares of ASA Gold and Precious Metals by 634.3% during the 4th quarter. Capstone Investment Advisors LLC now owns 266,221 shares of the investment management company's stock valued at $5,383,000 after acquiring an additional 229,968 shares during the last quarter. Sprott Inc. purchased a new stake in shares of ASA Gold and Precious Metals in the fourth quarter valued at about $3,239,000. Blue Bell Private Wealth Management LLC increased its position in ASA Gold and Precious Metals by 24.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 112,923 shares of the investment management company's stock worth $2,283,000 after purchasing an additional 21,850 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in ASA Gold and Precious Metals during the fourth quarter worth about $372,000.

ASA Gold and Precious Metals Stock Performance

NYSE:ASA traded up $0.13 on Thursday, hitting $30.44. The stock had a trading volume of 45,116 shares, compared to its average volume of 68,550. The company has a fifty day moving average price of $28.89 and a two-hundred day moving average price of $24.60. ASA Gold and Precious Metals Limited has a 1-year low of $16.97 and a 1-year high of $31.94.

ASA Gold and Precious Metals Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, May 14th. Investors of record on Monday, May 5th were issued a $0.03 dividend. The ex-dividend date was Monday, May 5th. This is a boost from ASA Gold and Precious Metals's previous semi-annual dividend of $0.02. This represents a yield of 0.2%.

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.