ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Acquires 40,943 Shares

Posted by Doug Wharley on Oct 15th, 2025

ASA Gold and Precious Metals Limited (NYSE:ASA – Get Free Report) major shareholder Saba Capital Management, L.P. bought 40,943 shares of the stock in a transaction that occurred on Thursday, October 9th. The stock was acquired at an average price of $47.39 per share, for a total transaction of $1,940,288.77. Following the completion of the transaction, the insider owned 4,768,082 shares in the company, valued at $225,959,405.98. This trade represents a 0.87% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Monday, October 13th, Saba Capital Management, L.P. bought 8,437 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $49.02 per share, for a total transaction of $413,581.74.
On Friday, October 10th, Saba Capital Management, L.P. bought 25,883 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $47.06 per share, for a total transaction of $1,218,053.98.
On Wednesday, October 8th, Saba Capital Management, L.P. bought 23,813 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $48.17 per share, for a total transaction of $1,147,072.21.
On Tuesday, October 7th, Saba Capital Management, L.P. bought 46,649 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $46.50 per share, for a total transaction of $2,169,178.50.
On Friday, September 19th, Saba Capital Management, L.P. bought 5,779 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $41.78 per share, for a total transaction of $241,446.62.
On Thursday, September 18th, Saba Capital Management, L.P. bought 9,200 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $40.64 per share, for a total transaction of $373,888.00.
On Wednesday, September 17th, Saba Capital Management, L.P. bought 16,670 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $41.30 per share, for a total transaction of $688,471.00.
On Tuesday, September 16th, Saba Capital Management, L.P. bought 91,385 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $41.50 per share, for a total transaction of $3,792,477.50.
On Monday, September 15th, Saba Capital Management, L.P. purchased 17,256 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $41.39 per share, with a total value of $714,225.84.
On Friday, September 12th, Saba Capital Management, L.P. purchased 109,206 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $40.91 per share, with a total value of $4,467,617.46.

ASA Gold and Precious Metals Stock Up 2.3%

Shares of NYSE ASA opened at $50.14 on Wednesday. The stock has a fifty day moving average price of $40.44 and a two-hundred day moving average price of $34.29. ASA Gold and Precious Metals Limited has a 1 year low of $19.37 and a 1 year high of $50.75.

ASA Gold and Precious Metals Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th will be paid a dividend of $0.03 per share. This represents a yield of 14.0%. The ex-dividend date of this dividend is Wednesday, November 12th.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

View Our Latest Analysis on ASA

Institutional Investors Weigh In On ASA Gold and Precious Metals

Several large investors have recently modified their holdings of ASA. JPMorgan Chase & Co. bought a new stake in shares of ASA Gold and Precious Metals during the 2nd quarter worth $61,000. Fruth Investment Management purchased a new stake in shares of ASA Gold and Precious Metals in the first quarter valued at $226,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of ASA Gold and Precious Metals by 143.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company’s stock valued at $229,000 after purchasing an additional 4,272 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of ASA Gold and Precious Metals in the second quarter valued at $231,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of ASA Gold and Precious Metals in the first quarter valued at $235,000.

ASA Gold and Precious Metals Company Profile

(Get Free Report)

ASA Gold and Precious Metals Limited is a publicly owned investment manager. The firm invests in the public equity markets across the globe. It primarily invests in stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds, or other precious minerals. It also invests in exchange traded funds.