Wolverine Asset Management LLC Has $161,000 Holdings in ASA Gold and Precious Metals Limited $ASA

Wolverine Asset Management LLC decreased its position in ASA Gold and Precious Metals Limited (NYSE:ASA) by 90.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,524 shares of the investment management company’s stock after selling 34,887 shares during the quarter. Wolverine Asset Management LLC’s holdings in ASA Gold and Precious Metals were worth $161,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Zazove Associates LLC bought a new stake in shares of ASA Gold and Precious Metals during the 3rd quarter worth about $811,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of ASA Gold and Precious Metals in the second quarter worth $231,000. Blue Bell Private Wealth Management LLC boosted its holdings in shares of ASA Gold and Precious Metals by 9.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 138,355 shares of the investment management company’s stock worth $6,337,000 after buying an additional 11,808 shares during the period. Laurel Wealth Advisors LLC grew its stake in ASA Gold and Precious Metals by 3,057.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 31,570 shares of the investment management company’s stock valued at $1,000,000 after buying an additional 30,570 shares during the last quarter. Finally, Dymon Asia Capital Singapore PTE. LTD. bought a new position in ASA Gold and Precious Metals in the 2nd quarter worth $370,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of ASA Gold and Precious Metals in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. purchased 28,500 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were acquired at an average price of $44.08 per share, with a total value of $1,256,280.00. Following the completion of the purchase, the insider directly owned 5,079,840 shares of the company’s stock, valued at $223,919,347.20. The trade was a 0.56% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 499,460 shares of company stock worth $25,437,194 in the last quarter. 1.69% of the stock is currently owned by corporate insiders.

ASA Gold and Precious Metals Stock Down 0.1%

ASA Gold and Precious Metals stock opened at $63.41 on Monday. The business has a 50 day moving average price of $55.89 and a two-hundred day moving average price of $45.33. ASA Gold and Precious Metals Limited has a 12 month low of $21.57 and a 12 month high of $66.11.

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.