ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Purchases $150,500.09 in Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. bought 2,479 shares of ASA Gold and Precious Metals stock in a transaction on Thursday, January 8th. The shares were purchased at an average cost of $60.71 per share, with a total value of $150,500.09. Following the completion of the purchase, the insider directly owned 5,418,622 shares in the company, valued at $328,964,541.62. This trade represents a 0.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 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 Monday, January 12th, Saba Capital Management, L.P. purchased 9,508 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $64.19 per share, for a total transaction of $610,318.52.
• On Friday, January 9th, Saba Capital Management, L.P. purchased 4,152 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $62.03 per share, for a total transaction of $257,548.56.
• On Wednesday, January 7th, Saba Capital Management, L.P. acquired 3,598 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $59.78 per share, with a total value of $215,088.44.
• On Tuesday, January 6th, Saba Capital Management, L.P. acquired 3,280 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $61.80 per share, with a total value of $202,704.00.
• On Monday, January 5th, Saba Capital Management, L.P. bought 8,770 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $60.32 per share, for a total transaction of $529,006.40.
• On Friday, January 2nd, Saba Capital Management, L.P. bought 8,782 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $58.93 per share, for a total transaction of $517,523.26.
• On Wednesday, December 31st, Saba Capital Management, L.P. purchased 9,112 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $59.99 per share, with a total value of $546,628.88.
• On Tuesday, December 30th, Saba Capital Management, L.P. purchased 6,892 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $60.34 per share, with a total value of $415,863.28.
• On Monday, December 29th, Saba Capital Management, L.P. purchased 10,111 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $58.81 per share, for a total transaction of $594,627.91.
• On Friday, December 26th, Saba Capital Management, L.P. acquired 714 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $61.92 per share, for a total transaction of $44,210.88.

ASA Gold and Precious Metals Stock Up 0.5%

ASA stock opened at $64.02 on Thursday. The company has a 50-day simple moving average of $55.18 and a 200 day simple moving average of $44.80. ASA Gold and Precious Metals Limited has a fifty-two week low of $21.57 and a fifty-two week high of $66.11.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of ASA Gold and Precious Metals in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Institutional Trading of ASA Gold and Precious Metals

Hedge funds and other institutional investors have recently made changes to their positions in the business. Almitas Capital LLC acquired a new stake in ASA Gold and Precious Metals during the third quarter valued at approximately $15,359,000. Medici Capital LLC bought a new position in shares of ASA Gold and Precious Metals in the second quarter valued at $5,238,000. Landscape Capital Management L.L.C. bought a new position in shares of ASA Gold and Precious Metals in the third quarter valued at $6,411,000. Wolverine Asset Management LLC acquired a new stake in shares of ASA Gold and Precious Metals during the 2nd quarter valued at $1,213,000. Finally, Laurel Wealth Advisors LLC boosted its stake in shares of ASA Gold and Precious Metals by 3,057.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 31,570 shares of the investment management company’s stock worth $1,000,000 after acquiring an additional 30,570 shares in the last quarter.

About ASA Gold and Precious Metals

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.