ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Buys 15,162 Shares of Stock

Posted by Scott Moore on Jan 16th, 2026

ASA Gold and Precious Metals Limited (NYSE:ASA – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 15,162 shares of ASA Gold and Precious Metals stock in a transaction dated Tuesday, January 13th. The stock was purchased at an average price of $64.52 per share, with a total value of $978,252.24. Following the completion of the purchase, the insider owned 5,447,444 shares of the company’s stock, valued at approximately $351,469,086.88. The trade was a 0.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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 Wednesday, January 14th, Saba Capital Management, L.P. bought 5,000 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $63.82 per share, for a total transaction of $319,100.00.
On Monday, January 12th, Saba Capital Management, L.P. purchased 9,508 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $64.19 per share, for a total transaction 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 shares were acquired at an average price of $60.71 per share, with a total value of $150,500.09.
On Friday, January 9th, Saba Capital Management, L.P. acquired 4,152 shares of ASA Gold and Precious Metals stock. The stock was 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 stock was acquired at an average price of $59.78 per share, for a total transaction of $215,088.44.
On Tuesday, January 6th, Saba Capital Management, L.P. bought 3,280 shares of ASA Gold and Precious Metals stock. The shares were 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 shares were acquired at an average price of $60.32 per share, with a total value of $529,006.40.
On Friday, January 2nd, Saba Capital Management, L.P. purchased 8,782 shares of ASA Gold and Precious Metals stock. The stock was 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 bought at an average cost of $59.99 per share, for a total transaction of $546,628.88.
On Tuesday, December 30th, Saba Capital Management, L.P. acquired 6,892 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $60.34 per share, with a total value of $415,863.28.

ASA Gold and Precious Metals Stock Performance

Shares of ASA opened at $63.58 on Friday. ASA Gold and Precious Metals Limited has a 52 week low of $21.57 and a 52 week high of $66.11. The stock’s 50-day moving average price is $55.54 and its 200-day moving average price is $44.93.

Trending Headlines about ASA Gold and Precious Metals

Here are the key news stories impacting ASA Gold and Precious Metals this week:

Positive Sentiment: Saba Capital (a >10% holder) bought additional ASA stock across Jan 12–14 (multiple trades, including purchases at ~\$64/share), raising its stake to ~5.45M shares — a clear insider accumulation signal that can support the share price. Read More.
Positive Sentiment: Serial, staged buys (many small-to-medium transactions since late December) show a pattern of systematic accumulation rather than one-off buying, reducing the chance this is a transient trade. Read More.
Positive Sentiment: Third‑party support: Weiss Ratings recently reiterated a “Buy (B)” on ASA, which may reinforce investor confidence in the closed‑end precious‑metals vehicle. Read More.
Neutral Sentiment: Coverage and sector commentary (fund flows, performance pieces) are generating attention around precious‑metals vehicles broadly but do not change ASA’s reported holdings or strategy. Read More.
Negative Sentiment: Despite the insider buying, ASA is trading lower and remains volatile; near-term moves are likely driven by profit-taking, short-term metal-price swings and broader market sentiment rather than changes to the company’s fundamentals.

Wall Street Analysts Forecast Growth

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

Get Our Latest Research Report on ASA Gold and Precious Metals

Institutional Investors Weigh In On ASA Gold and Precious Metals

Several institutional investors have recently bought and sold shares of ASA. Almitas Capital LLC purchased a new stake in ASA Gold and Precious Metals during the 3rd quarter worth approximately $15,359,000. Landscape Capital Management L.L.C. acquired a new stake in shares of ASA Gold and Precious Metals in the third quarter worth approximately $6,411,000. Wolverine Asset Management LLC purchased a new stake in shares of ASA Gold and Precious Metals during the second quarter worth approximately $1,213,000. Laurel Wealth Advisors LLC raised its stake in ASA Gold and Precious Metals by 3,057.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 31,570 shares of the investment management company’s stock valued at $1,000,000 after purchasing an additional 30,570 shares during the last quarter. Finally, Noble Wealth Management PBC lifted its holdings in ASA Gold and Precious Metals by 61.7% in the 4th quarter. Noble Wealth Management PBC now owns 73,354 shares of the investment management company’s stock valued at $4,377,000 after purchasing an additional 27,987 shares in the last quarter.

ASA Gold and Precious Metals Company Profile

(Get Free Report)

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.