ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Buys $288,943.83 in Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 4,541 shares of ASA Gold and Precious Metals stock in a transaction that occurred on Friday, January 16th. The shares were purchased at an average cost of $63.63 per share, with a total value of $288,943.83. Following the completion of the acquisition, the insider owned 5,461,639 shares of the company’s stock, valued at $347,524,089.57. The trade was a 0.08% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, January 20th, Saba Capital Management, L.P. bought 3,723 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $66.08 per share, for a total transaction of $246,015.84.
• On Thursday, January 15th, Saba Capital Management, L.P. purchased 4,654 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $63.35 per share, with a total value of $294,830.90.
• On Wednesday, January 14th, Saba Capital Management, L.P. acquired 5,000 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $63.82 per share, for a total transaction of $319,100.00.
• On Tuesday, January 13th, Saba Capital Management, L.P. acquired 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. bought 9,508 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $64.19 per share, with a total value of $610,318.52.
• On Thursday, January 8th, Saba Capital Management, L.P. purchased 2,479 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $60.71 per share, for a total transaction of $150,500.09.
• On Friday, January 9th, Saba Capital Management, L.P. purchased 4,152 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price 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 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. bought 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. bought 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.

ASA Gold and Precious Metals Price Performance

ASA Gold and Precious Metals stock opened at $71.38 on Friday. ASA Gold and Precious Metals Limited has a fifty-two week low of $21.92 and a fifty-two week high of $72.04. The stock has a fifty day moving average of $57.36 and a two-hundred day moving average of $46.12.

Institutional Investors Weigh In On 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 position in ASA Gold and Precious Metals in the third quarter valued at $15,359,000. Landscape Capital Management L.L.C. purchased a new stake in ASA Gold and Precious Metals in the 3rd quarter valued at about $6,411,000. Wolverine Asset Management LLC acquired a new position in shares of ASA Gold and Precious Metals during the 2nd quarter valued at about $1,213,000. Laurel Wealth Advisors LLC increased 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 valued at $1,000,000 after acquiring an additional 30,570 shares during the last quarter. Finally, Noble Wealth Management PBC lifted its holdings in shares of ASA Gold and Precious Metals by 61.7% during the 4th quarter. Noble Wealth Management PBC now owns 73,354 shares of the investment management company’s stock worth $4,377,000 after acquiring an additional 27,987 shares during the period.

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, December 29th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus 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.