ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Buys $202,704.00 in Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 3,280 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was bought at an average cost of $61.80 per share, with a total value of $202,704.00. Following the completion of the purchase, the insider owned 5,412,545 shares of the company’s stock, valued at approximately $334,495,281. This represents a 0.06% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, January 7th, Saba Capital Management, L.P. bought 3,598 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $59.78 per share, with a total value of $215,088.44.
• On Monday, January 5th, Saba Capital Management, L.P. bought 8,770 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $60.32 per share, with a total value of $529,006.40.
• On Friday, January 2nd, Saba Capital Management, L.P. purchased 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.
• On Wednesday, December 31st, Saba Capital Management, L.P. purchased 9,112 shares of ASA Gold and Precious Metals stock. The stock was purchased 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 purchased at an average cost of $60.34 per share, with a total value of $415,863.28.
• On Monday, December 29th, Saba Capital Management, L.P. acquired 10,111 shares of ASA Gold and Precious Metals stock. The shares were purchased 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. bought 714 shares of ASA Gold and Precious Metals stock. The stock was purchased 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 stock was acquired at an average cost of $60.76 per share, with a total value of $28,374.92.
• On Tuesday, December 23rd, Saba Capital Management, L.P. purchased 2,524 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price 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 acquired at an average cost of $60.85 per share, for a total transaction of $167,946.00.

ASA Gold and Precious Metals Trading Up 1.5%

Shares of NYSE ASA opened at $61.85 on Friday. The company has a 50-day moving average price of $54.05 and a 200-day moving average price of $44.11. ASA Gold and Precious Metals Limited has a 1 year low of $21.17 and a 1 year high of $63.02.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASA. Fruth Investment Management bought a new stake in ASA Gold and Precious Metals in the 1st quarter worth about $226,000. Medici Capital LLC purchased a new position in shares of ASA Gold and Precious Metals in the 2nd quarter worth approximately $5,238,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of ASA Gold and Precious Metals in the second quarter valued at approximately $231,000. Atria Wealth Solutions Inc. grew its holdings in shares of ASA Gold and Precious Metals by 30.1% in the second quarter. Atria Wealth Solutions Inc. now owns 10,145 shares of the investment management company’s stock valued at $320,000 after acquiring an additional 2,350 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in shares of ASA Gold and Precious Metals during the second quarter valued at approximately $1,213,000.

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.