Flax Pond Capital LLC Acquires New Position in ASA Gold and Precious Metals Limited $ASA

Flax Pond Capital LLC acquired a new stake in ASA Gold and Precious Metals Limited (NYSE:ASA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,504 shares of the investment management company’s stock, valued at approximately $567,000. Flax Pond Capital LLC owned approximately 0.05% of ASA Gold and Precious Metals at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Walleye Capital LLC raised its stake in shares of ASA Gold and Precious Metals by 1.4% during the 2nd quarter. Walleye Capital LLC now owns 24,871 shares of the investment management company’s stock worth $785,000 after buying an additional 341 shares in the last quarter. WHI TRUST Co LLC purchased a new position in ASA Gold and Precious Metals in the fourth quarter worth $30,000. Osaic Holdings Inc. lifted its holdings in ASA Gold and Precious Metals by 2.8% in the fourth quarter. Osaic Holdings Inc. now owns 18,637 shares of the investment management company’s stock valued at $1,112,000 after acquiring an additional 507 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in ASA Gold and Precious Metals by 4.4% in the third quarter. Integrated Wealth Concepts LLC now owns 16,110 shares of the investment management company’s stock valued at $738,000 after acquiring an additional 681 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in shares of ASA Gold and Precious Metals during the 4th quarter worth $58,000.

ASA Gold and Precious Metals Price Performance

Shares of NYSE:ASA opened at $59.36 on Friday. The business’s 50 day simple moving average is $63.57 and its 200-day simple moving average is $64.34. ASA Gold and Precious Metals Limited has a 12 month low of $30.35 and a 12 month high of $83.20.

ASA Gold and Precious Metals Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, May 13th. Investors of record on Friday, May 1st were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a yield of 13.0%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of ASA Gold and Precious Metals from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, ASA Gold and Precious Metals presently has an average rating of “Buy”.

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.