ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Buys $451,062.60 in Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. bought 6,788 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was bought at an average cost of $66.45 per share, with a total value of $451,062.60. Following the acquisition, the insider directly owned 5,610,027 shares of the company’s stock, valued at approximately $372,786,294.15. The trade was a 0.12% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, February 3rd, Saba Capital Management, L.P. acquired 28,333 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $66.14 per share, with a total value of $1,873,944.62.
• On Monday, February 2nd, Saba Capital Management, L.P. bought 8,466 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $64.27 per share, for a total transaction of $544,109.82.
• On Friday, January 30th, Saba Capital Management, L.P. acquired 21,708 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $65.56 per share, for a total transaction of $1,423,176.48.
• On Thursday, January 29th, Saba Capital Management, L.P. bought 17,075 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $74.59 per share, with a total value of $1,273,624.25.
• On Wednesday, January 28th, Saba Capital Management, L.P. purchased 57,165 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $75.32 per share, for a total transaction of $4,305,667.80.
• On Tuesday, January 27th, Saba Capital Management, L.P. acquired 3,730 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $73.15 per share, with a total value of $272,849.50.
• On Monday, January 26th, Saba Capital Management, L.P. bought 1,400 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $72.90 per share, for a total transaction of $102,060.00.
• On Tuesday, January 20th, Saba Capital Management, L.P. bought 3,723 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $66.08 per share, for a total transaction of $246,015.84.
• On Friday, January 16th, Saba Capital Management, L.P. purchased 4,541 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $63.63 per share, with a total value of $288,943.83.
• On Thursday, January 15th, Saba Capital Management, L.P. purchased 4,654 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $63.35 per share, for a total transaction of $294,830.90.

ASA Gold and Precious Metals Stock Performance

NYSE ASA traded down $3.21 on Thursday, reaching $64.15. The company had a trading volume of 75,394 shares, compared to its average volume of 149,591. ASA Gold and Precious Metals Limited has a fifty-two week low of $23.93 and a fifty-two week high of $78.21. The business has a 50 day moving average of $61.37 and a two-hundred day moving average of $48.60.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On ASA Gold and Precious Metals

A number of large investors have recently bought and sold shares of ASA. WHI TRUST Co LLC bought a new stake in ASA Gold and Precious Metals in the 4th quarter valued at about $30,000. Advisory Services Network LLC bought a new position in shares of ASA Gold and Precious Metals in the 3rd quarter worth $55,000. JPMorgan Chase & Co. bought a new position in shares of ASA Gold and Precious Metals in the 2nd quarter worth $61,000. Farther Finance Advisors LLC acquired a new stake in ASA Gold and Precious Metals in the 4th quarter valued at $95,000. Finally, AlphaStar Capital Management LLC bought a new stake in ASA Gold and Precious Metals during the 4th quarter valued at $217,000.

ASA Gold and Precious Metals Company Profile

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.