City of London Investment Managem recently announced the acquisition of new stake in ASA Gold and Precious Metals Limited (NYSE:ASA). The institutional investor has increased its shareholding in the Financial company by 26.23% to 1.79 million shares with purchase of 0.37 million shares. This fresh investment now brings its stake to 9.30% valued currently at $25.67 million. In addition, Morgan Stanley Smith Barney LLC raised its holdings by 5827.0 to 1.04 million shares. And Wells Fargo Clearing Services LLC has lifted its position by 2.88% or 23654.0 shares – to 0.85 million shares.
With over 0.1 million ASA Gold and Precious Metals Limited (ASA) shares trading Tuesday and a closing price of $16.63 on the day, the dollar volume was approximately $1.74 million. The shares have shown a positive half year performance of 22.55% and its price on 01/24/23 gained nearly 0.54%. Currently, there are 19.29M common shares owned by the public and among those 19.23M shares have been available to trade.
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Insiders at the company have transacted a total of 5 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 5 of these insider trades were purchases, accounting for 1,600 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in ASA Gold and Precious Metals Limited are Matisse Discounted Closed End Fun, Royce Micro Cap Trust, and Hirtle Callaghan Institutional In. Matisse Discounted Closed End Fun owns 0.34 million shares of the company’s stock, all valued at over $4.88 million. Hirtle Callaghan Institutional In bought 25393.0 shares to bring its total holdings to over 0.16 million shares at a value of $2.33 million. Hirtle Callaghan Institutional In now owns shares totaling to 0.84% of the shares outstanding.
However, the script later moved the day high at 16.65, up 0.54%. The company’s stock has a 5-day price change of 2.72% and 30.12% over the past three months. ASA shares are trading 16.21% year to date (YTD), with the 12-month market performance down to -22.66% lower. It has a 12-month low price of $11.92 and touched a high of $23.76 over the same period. ASA has an average intraday trading volume of 67.36K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.74%, 14.16%, and 7.40% respectively.
Institutional ownership of ASA Gold and Precious Metals Limited (NYSE: ASA) shares accounts for 49.84% of the company’s 19.29M shares outstanding. Mutual fund holders own 4.13%, while other institutional holders and individual stakeholders account for 45.77% and 0.50% respectively.
It has a market capitalization of $320.79M. The stock’s trailing 12-month PE ratio is 17.51, while the earnings-per-share (ttm) stands at $0.95. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.86% over the week and 2.16% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
