Uncommon Cents Investing Sells 77,370 ASA Shares for $3.92 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
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Source: NASDAQ.COM
- Share Sale Details: Wisconsin-based Uncommon Cents Investing sold 77,370 shares of ASA in Q4, with an estimated transaction value of $3.92 million, reflecting ongoing market interest in precious metals and investor risk management strategies.
- Position Value Change: Post-transaction, Uncommon Cents' stake in ASA decreased to $26.28 million, down $2.56 million from the previous quarter, indicating the impact of market fluctuations on the investment portfolio.
- Portfolio Concentration: ASA accounted for 6.36% of Uncommon Cents' assets under management, remaining its largest holding, suggesting that despite the partial sale, investor confidence in the asset's long-term potential remains strong.
- Market Performance Comparison: ASA shares surged 189.9% over the past year, significantly outperforming the S&P 500's 17% gain, highlighting the robust performance of precious metal investments, even as the current share price trades at nearly a 12% discount to net asset value, potentially indicating market undervaluation.
Analyst Views on ASA
About ASA
ASA Gold and Precious Metals Limited is a non-diversified, closed-end investment company. The Company's investment objective is long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects or mining of precious metals and minerals. The Company invests approximately 80% of its total assets in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals; held as bullion or other direct forms of gold, silver, platinum or other precious minerals; in instruments representing interests in gold, silver, platinum or other precious minerals, and/or in securities of investment companies, including exchange traded funds, or other securities. The Company’s investment adviser is Merk Investments LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
