Insider Buying: ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Purchases 5,000 Shares of Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. bought 5,000 shares of ASA Gold and Precious Metals stock in a transaction that occurred on Wednesday, January 14th. The shares were acquired at an average price of $63.82 per share, with a total value of $319,100.00. Following the completion of the transaction, the insider owned 5,452,444 shares of the company’s stock, valued at $347,974,976.08. This represents a 0.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Tuesday, January 13th, Saba Capital Management, L.P. purchased 15,162 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $64.52 per share, for a total transaction of $978,252.24.
• On Monday, January 12th, Saba Capital Management, L.P. acquired 9,508 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $64.19 per share, with a total value of $610,318.52.
• On Thursday, January 8th, Saba Capital Management, L.P. acquired 2,479 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $60.71 per share, for a total transaction of $150,500.09.
• On Friday, January 9th, Saba Capital Management, L.P. bought 4,152 shares of ASA Gold and Precious Metals stock. The stock was bought 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. bought 3,598 shares of ASA Gold and Precious Metals stock. The shares were bought 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. purchased 3,280 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $61.80 per share, for a total transaction of $202,704.00.
• On Monday, January 5th, Saba Capital Management, L.P. acquired 8,770 shares of ASA Gold and Precious Metals stock. The shares were bought 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. acquired 8,782 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $58.93 per share, with a total value of $517,523.26.
• On Wednesday, December 31st, Saba Capital Management, L.P. bought 9,112 shares of ASA Gold and Precious Metals stock. The stock was bought 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 shares were purchased at an average price of $60.34 per share, for a total transaction of $415,863.28.

ASA Gold and Precious Metals Trading Down 0.7%

ASA stock traded down $0.46 during mid-day trading on Thursday, hitting $63.40. 25,466 shares of the stock were exchanged, compared to its average volume of 95,440. The business has a fifty day moving average price of $55.18 and a 200 day moving average price of $44.80. ASA Gold and Precious Metals Limited has a 12 month low of $21.57 and a 12 month high of $66.11.

Institutional Trading of ASA Gold and Precious Metals

A number of institutional investors have recently made changes to their positions in ASA. DKM Wealth Management Inc. bought a new position in shares of ASA Gold and Precious Metals in the 4th quarter worth approximately $239,000. Wealth Enhancement Advisory Services LLC grew its stake in ASA Gold and Precious Metals by 19.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,295 shares of the investment management company’s stock worth $511,000 after purchasing an additional 1,326 shares during the period. Noble Wealth Management PBC raised its holdings in ASA Gold and Precious Metals by 61.7% in the fourth quarter. Noble Wealth Management PBC now owns 73,354 shares of the investment management company’s stock worth $4,377,000 after purchasing an additional 27,987 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in ASA Gold and Precious Metals by 64.7% in the third quarter. JPMorgan Chase & Co. now owns 3,199 shares of the investment management company’s stock worth $147,000 after purchasing an additional 1,257 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of ASA Gold and Precious Metals during the 3rd quarter valued at $55,000.

Wall Street Analysts Forecast Growth

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

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.