ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Purchases 4,654 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 4,654 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were purchased at an average cost of $63.35 per share, with a total value of $294,830.90. Following the acquisition, the insider owned 5,457,098 shares in the company, valued at $345,707,158.30. This trade represents a 0.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, January 16th, Saba Capital Management, L.P. acquired 4,541 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $63.63 per share, with a total value of $288,943.83.
• On Wednesday, January 14th, Saba Capital Management, L.P. bought 5,000 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $63.82 per share, for a total transaction of $319,100.00.
• 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 price 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 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. bought 2,479 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $60.71 per share, with a total value 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 bought 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. acquired 3,280 shares of ASA Gold and Precious Metals stock. The stock was bought 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 stock was 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 purchased at an average cost of $58.93 per share, for a total transaction of $517,523.26.

ASA Gold and Precious Metals Trading Up 4.9%

ASA stock traded up $3.09 during midday trading on Tuesday, reaching $66.55. 172,608 shares of the stock were exchanged, compared to its average volume of 108,184. ASA Gold and Precious Metals Limited has a 52 week low of $21.81 and a 52 week high of $66.68. The company has a fifty day moving average price of $56.20 and a 200 day moving average price of $45.55.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On ASA Gold and Precious Metals

Institutional investors have recently modified their holdings of the company. Zazove Associates LLC acquired a new position in ASA Gold and Precious Metals in the third quarter valued at $811,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of ASA Gold and Precious Metals in the 2nd quarter valued at about $231,000. Blue Bell Private Wealth Management LLC boosted its position in shares of ASA Gold and Precious Metals by 9.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 138,355 shares of the investment management company’s stock valued at $6,337,000 after purchasing an additional 11,808 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in shares of ASA Gold and Precious Metals during the 2nd quarter valued at about $1,213,000. Finally, Laurel Wealth Advisors LLC grew its stake in ASA Gold and Precious Metals by 3,057.0% during the second quarter. Laurel Wealth Advisors LLC now owns 31,570 shares of the investment management company’s stock worth $1,000,000 after purchasing an additional 30,570 shares during the period.

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.