ASA Gold and Precious Metals Limited $ASA Shares Acquired by Quantedge Capital Pte Ltd

Quantedge Capital Pte Ltd lifted its stake in ASA Gold and Precious Metals Limited (NYSE:ASA) by 580.7% during the first quarter, Holdings Channel reports. The institutional investor owned 27,547 shares of the investment management company’s stock after acquiring an additional 23,500 shares during the quarter. ASA Gold and Precious Metals makes up approximately 0.9% of Quantedge Capital Pte Ltd’s investment portfolio, making the stock its 24th largest position. Quantedge Capital Pte Ltd’s holdings in ASA Gold and Precious Metals were worth $1,709,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Saba Capital Management L.P. raised its position in ASA Gold and Precious Metals by 15.8% during the fourth quarter. Saba Capital Management L.P. now owns 5,391,713 shares of the investment management company’s stock valued at $321,724,000 after acquiring an additional 735,036 shares in the last quarter. Altium Capital Management LLC acquired a new position in ASA Gold and Precious Metals in the fourth quarter valued at approximately $3,116,000. Almitas Capital LLC boosted its position in ASA Gold and Precious Metals by 14.0% in the 4th quarter. Almitas Capital LLC now owns 382,139 shares of the investment management company’s stock worth $22,802,000 after purchasing an additional 46,797 shares in the last quarter. Evolve Private Wealth LLC purchased a new stake in ASA Gold and Precious Metals in the 4th quarter worth approximately $1,178,000. Finally, Zazove Associates LLC boosted its position in ASA Gold and Precious Metals by 78.8% in the 4th quarter. Zazove Associates LLC now owns 31,655 shares of the investment management company’s stock worth $1,889,000 after purchasing an additional 13,955 shares in the last quarter.

ASA Gold and Precious Metals Trading Up 3.8%

Shares of ASA Gold and Precious Metals stock opened at $50.52 on Wednesday. The firm has a 50-day simple moving average of $57.11 and a two-hundred day simple moving average of $63.61. ASA Gold and Precious Metals Limited has a fifty-two week low of $30.95 and a fifty-two week high of $83.20.

Wall Street Analysts Forecast Growth

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

ASA Gold and Precious Metals Company Profile

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.