Saba Capital Management, L.P. Purchases 9,576 Shares of ASA Gold and Precious Metals (NYSE:ASA) Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 9,576 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was acquired at an average price of $53.37 per share, for a total transaction of $511,071.12. Following the purchase, the insider owned 5,273,846 shares in the company, valued at approximately $281,465,161.02. The trade was a 0.18% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Tuesday, December 2nd, Saba Capital Management, L.P. acquired 8,078 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $52.82 per share, for a total transaction of $426,679.96.
• On Monday, December 1st, Saba Capital Management, L.P. bought 9,560 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $53.46 per share, for a total transaction of $511,077.60.
• On Tuesday, November 25th, Saba Capital Management, L.P. bought 7,283 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $48.75 per share, with a total value of $355,046.25.
• On Friday, November 21st, Saba Capital Management, L.P. bought 9,784 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $46.94 per share, with a total value of $459,260.96.
• On Thursday, November 20th, Saba Capital Management, L.P. purchased 27,496 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $47.41 per share, for a total transaction of $1,303,585.36.
• On Wednesday, November 19th, Saba Capital Management, L.P. purchased 10,094 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $48.16 per share, for a total transaction of $486,127.04.
• On Tuesday, November 18th, Saba Capital Management, L.P. acquired 2,268 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $47.20 per share, with a total value of $107,049.60.
• On Monday, November 17th, Saba Capital Management, L.P. acquired 18,124 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $47.35 per share, with a total value of $858,171.40.
• On Thursday, November 13th, Saba Capital Management, L.P. bought 2,550 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $49.43 per share, for a total transaction of $126,046.50.
• On Tuesday, November 11th, Saba Capital Management, L.P. purchased 10,286 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $47.64 per share, with a total value of $490,025.04.

ASA Gold and Precious Metals Stock Up 0.4%

Shares of ASA traded up $0.23 during trading hours on Thursday, reaching $52.99. The stock had a trading volume of 100,234 shares, compared to its average volume of 94,757. ASA Gold and Precious Metals Limited has a 12 month low of $19.37 and a 12 month high of $54.03. The company’s 50-day moving average is $47.66 and its two-hundred day moving average is $39.15.

ASA Gold and Precious Metals Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th were given a $0.03 dividend. The ex-dividend date was Wednesday, November 12th. This represents a yield of 12.0%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of ASA Gold and Precious Metals in the second quarter valued at about $231,000. Atria Wealth Solutions Inc. acquired a new stake in ASA Gold and Precious Metals during the 1st quarter valued at approximately $235,000. Sessa Capital IM L.P. raised its holdings in ASA Gold and Precious Metals by 56.3% during the 1st quarter. Sessa Capital IM L.P. now owns 1,050,000 shares of the investment management company’s stock worth $31,647,000 after purchasing an additional 378,327 shares during the last quarter. Walleye Capital LLC lifted its position in shares of ASA Gold and Precious Metals by 43.4% in the 1st quarter. Walleye Capital LLC now owns 24,530 shares of the investment management company’s stock worth $739,000 after purchasing an additional 7,419 shares during the period. Finally, Medici Capital LLC bought a new stake in shares of ASA Gold and Precious Metals in the 2nd quarter valued at $5,238,000.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b+)” rating on shares of ASA Gold and Precious Metals in a report on Monday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

About ASA Gold and Precious Metals

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.