Saba Capital Management, L.P. Purchases 40,222 Shares of ASA Gold and Precious Metals (NYSE:ASA) Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. bought 40,222 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was purchased at an average cost of $72.09 per share, for a total transaction of $2,899,603.98. Following the transaction, the insider owned 5,769,608 shares of the company’s stock, valued at $415,931,040.72. This trade represents a 0.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more 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 10th, Saba Capital Management, L.P. purchased 62,201 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $71.10 per share, with a total value of $4,422,491.10.
• On Monday, February 9th, Saba Capital Management, L.P. acquired 25,939 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $69.99 per share, with a total value of $1,815,470.61.
• On Friday, February 6th, Saba Capital Management, L.P. acquired 15,796 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $65.91 per share, for a total transaction of $1,041,114.36.
• On Thursday, February 5th, Saba Capital Management, L.P. bought 15,423 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $64.31 per share, for a total transaction of $991,853.13.
• On Wednesday, February 4th, Saba Capital Management, L.P. bought 6,788 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $66.45 per share, with a total value of $451,062.60.
• On Tuesday, February 3rd, Saba Capital Management, L.P. purchased 28,333 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $66.14 per share, for a total transaction of $1,873,944.62.
• On Monday, February 2nd, Saba Capital Management, L.P. purchased 8,466 shares of ASA Gold and Precious Metals stock. The shares were acquired 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 stock was acquired at an average price of $65.56 per share, with a total value 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 shares were acquired at an average price of $74.59 per share, for a total transaction 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 stock was acquired at an average cost of $75.32 per share, with a total value of $4,305,667.80.

ASA Gold and Precious Metals Stock Performance

NYSE:ASA opened at $71.56 on Friday. ASA Gold and Precious Metals Limited has a 52 week low of $23.93 and a 52 week high of $78.21. The company has a fifty day simple moving average of $63.64 and a two-hundred day simple moving average of $50.23.

Wall Street Analyst Weigh In

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

Institutional Trading of ASA Gold and Precious Metals

Hedge funds and other institutional investors have recently bought and sold shares of the business. Atria Wealth Solutions Inc. boosted its position in shares of ASA Gold and Precious Metals by 30.1% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 10,145 shares of the investment management company’s stock worth $320,000 after acquiring an additional 2,350 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in ASA Gold and Precious Metals during the second quarter worth approximately $1,213,000. JPMorgan Chase & Co. purchased a new stake in ASA Gold and Precious Metals during the second quarter worth approximately $61,000. Steward Partners Investment Advisory LLC boosted its holdings in ASA Gold and Precious Metals by 143.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company’s stock valued at $229,000 after purchasing an additional 4,272 shares in the last quarter. Finally, Laurel Wealth Advisors LLC increased its stake in ASA Gold and Precious Metals by 3,057.0% in the second 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.

ASA Gold and Precious Metals News Roundup

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

• Positive Sentiment: Saba Capital made multiple, sizable buys this week (most recently 40,222 shares on Feb. 11 at ~$72.09), signaling conviction from a major shareholder and creating direct demand support for the stock. Read More.
• Positive Sentiment: The purchases are part of a sustained accumulation pattern (additional blocks on Feb. 10, Feb. 9 and multiple late‑Jan trades), which tends to reinforce short‑term momentum versus a one‑off trade. Read More.
• Neutral Sentiment: Saba’s stake is now sizeable (~5.7–5.8M shares, valued in the hundreds of millions). That concentration amplifies the market impact of their activity: continued buying is bullish, but any decision to trim could produce outsized selling pressure. Read More.
• Neutral Sentiment: Technical/context note — ASA sits above both its 50‑day (~$63) and 200‑day (~$50) moving averages and is nearer its 52‑week high than low; trade volume is modestly above average, which supports the current rally if flows persist. Read More.
• Negative Sentiment: Despite buying, intraday volatility and pockets of profit‑taking have appeared; because a single holder dominates activity, any future unwind by Saba or broader rotation out of precious‑metals exposures could quickly reverse gains. Monitor new 13D/13G or Form 4 filings and volume for signs of selling. Read More.

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.