ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Purchases 8,782 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 8,782 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were purchased at an average price of $58.93 per share, with a total value of $517,523.26. Following the completion of the purchase, the insider owned 5,400,495 shares in the company, valued at approximately $318,251,170.35. This trade represents a 0.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, December 31st, Saba Capital Management, L.P. acquired 9,112 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $59.99 per share, for a total transaction of $546,628.88.
• On Tuesday, December 30th, Saba Capital Management, L.P. acquired 6,892 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $60.34 per share, for a total transaction of $415,863.28.
• On Monday, December 29th, Saba Capital Management, L.P. bought 10,111 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $58.81 per share, with a total value of $594,627.91.
• On Friday, December 26th, Saba Capital Management, L.P. purchased 714 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $61.92 per share, for a total transaction of $44,210.88.
• On Wednesday, December 24th, Saba Capital Management, L.P. purchased 467 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $60.76 per share, for a total transaction of $28,374.92.
• On Tuesday, December 23rd, Saba Capital Management, L.P. acquired 2,524 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $61.75 per share, with a total value of $155,857.00.
• On Monday, December 22nd, Saba Capital Management, L.P. acquired 2,760 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $60.85 per share, with a total value of $167,946.00.
• On Thursday, December 18th, Saba Capital Management, L.P. bought 3,881 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $57.52 per share, for a total transaction of $223,235.12.
• On Wednesday, December 17th, Saba Capital Management, L.P. bought 12,649 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $57.49 per share, for a total transaction of $727,191.01.
• On Tuesday, December 16th, Saba Capital Management, L.P. purchased 5,846 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $57.02 per share, with a total value of $333,338.92.

ASA Gold and Precious Metals Stock Up 3.8%

NYSE ASA opened at $60.45 on Tuesday. ASA Gold and Precious Metals Limited has a 52 week low of $20.63 and a 52 week high of $63.02. The stock’s 50-day moving average price is $52.80 and its 200-day moving average price is $43.37.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new position in ASA Gold and Precious Metals during the third quarter valued at $55,000. JPMorgan Chase & Co. bought a new position in shares of ASA Gold and Precious Metals during the 2nd quarter valued at about $61,000. Savant Capital LLC purchased a new position in shares of ASA Gold and Precious Metals during the third quarter valued at about $220,000. Fruth Investment Management bought a new stake in shares of ASA Gold and Precious Metals in the first quarter worth about $226,000. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of 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 worth $229,000 after buying an additional 4,272 shares in the last quarter.

Analyst Ratings Changes

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

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.