Insider Buying: ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Buys $333,338.92 in Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 5,846 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was acquired at an average price of $57.02 per share, with a total value of $333,338.92. Following the completion of the transaction, the insider directly owned 5,342,603 shares of the company’s stock, valued at approximately $304,635,223.06. This represents a 0.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 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 Wednesday, December 17th, Saba Capital Management, L.P. bought 12,649 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $57.49 per share, for a total transaction of $727,191.01.
• On Monday, December 15th, Saba Capital Management, L.P. acquired 7,866 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $58.10 per share, with a total value of $457,014.60.
• On Friday, December 12th, Saba Capital Management, L.P. acquired 13,696 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $57.85 per share, for a total transaction of $792,313.60.
• On Wednesday, December 10th, Saba Capital Management, L.P. bought 10,397 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $54.09 per share, with a total value of $562,373.73.
• On Monday, December 8th, Saba Capital Management, L.P. purchased 7,542 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $52.40 per share, with a total value of $395,200.80.
• On Friday, December 5th, Saba Capital Management, L.P. purchased 8,002 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $53.22 per share, for a total transaction of $425,866.44.
• On Thursday, December 4th, Saba Capital Management, L.P. acquired 15,408 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $52.87 per share, for a total transaction of $814,620.96.
• On Wednesday, December 3rd, Saba Capital Management, L.P. acquired 9,576 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $53.37 per share, with a total value of $511,071.12.
• On Tuesday, December 2nd, Saba Capital Management, L.P. bought 8,078 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $52.82 per share, with a total value of $426,679.96.
• On Monday, December 1st, Saba Capital Management, L.P. bought 9,560 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $53.46 per share, for a total transaction of $511,077.60.

ASA Gold and Precious Metals Trading Up 2.5%

Shares of ASA opened at $58.81 on Friday. The stock has a 50 day moving average price of $50.03 and a 200 day moving average price of $41.22. ASA Gold and Precious Metals Limited has a one year low of $19.70 and a one year high of $59.68.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b+)” rating on shares of ASA Gold and Precious Metals in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, ASA Gold and Precious Metals currently has a consensus rating of “Buy”.

Institutional Trading of ASA Gold and Precious Metals

Several large investors have recently added to or reduced their stakes in ASA. Walleye Capital LLC raised its holdings in shares of ASA Gold and Precious Metals by 1.4% during the 2nd quarter. Walleye Capital LLC now owns 24,871 shares of the investment management company’s stock worth $785,000 after acquiring an additional 341 shares during the period. Integrated Wealth Concepts LLC increased its position in ASA Gold and Precious Metals by 4.4% during the third quarter. Integrated Wealth Concepts LLC now owns 16,110 shares of the investment management company’s stock worth $738,000 after purchasing an additional 681 shares during the last quarter. Advisory Services Network LLC acquired a new stake in ASA Gold and Precious Metals during the third quarter worth about $55,000. JPMorgan Chase & Co. raised its stake in ASA Gold and Precious Metals by 64.7% during the third quarter. JPMorgan Chase & Co. now owns 3,199 shares of the investment management company’s stock worth $147,000 after purchasing an additional 1,257 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its holdings in ASA Gold and Precious Metals by 30.1% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 10,145 shares of the investment management company’s stock valued at $320,000 after purchasing an additional 2,350 shares during the last quarter.

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.