Insider Buying: ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Buys $215,088.44 in Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 3,598 shares of the firm’s stock in a transaction on Wednesday, January 7th. The shares were purchased at an average cost of $59.78 per share, with a total value of $215,088.44. Following the completion of the purchase, the insider owned 5,416,143 shares in the company, valued at $323,777,028.54. This represents a 0.07% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% 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 Tuesday, January 6th, Saba Capital Management, L.P. acquired 3,280 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price 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 shares were purchased at an average cost of $60.32 per share, for a total transaction 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 stock was acquired at an average price 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 acquired at an average cost of $59.99 per share, with a total value 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 shares were acquired at an average price 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 stock was acquired at an average cost of $58.81 per share, for a total transaction 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 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. bought 467 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price 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 stock was acquired at an average price of $61.75 per share, for a total transaction of $155,857.00.
• On Monday, December 22nd, Saba Capital Management, L.P. purchased 2,760 shares of ASA Gold and Precious Metals stock. The stock was bought 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. ASA Gold and Precious Metals Limited has a one year low of $21.17 and a one year high of $63.02. The stock has a fifty day moving average of $54.05 and a 200-day moving average of $44.11.

Wall Street Analysts Forecast Growth

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 analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Institutional Trading of ASA Gold and Precious Metals

Large investors have recently added to or reduced their stakes in the company. Zazove Associates LLC acquired a new stake in shares of ASA Gold and Precious Metals in the third quarter worth $811,000. Wealth Enhancement Advisory Services LLC purchased a new stake in ASA Gold and Precious Metals in the 2nd quarter worth about $231,000. Blue Bell Private Wealth Management LLC lifted its stake in ASA Gold and Precious Metals by 9.3% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 138,355 shares of the investment management company’s stock worth $6,337,000 after acquiring an additional 11,808 shares in the last quarter. Medici Capital LLC acquired a new stake in ASA Gold and Precious Metals during the 2nd quarter worth about $5,238,000. Finally, Wolverine Asset Management LLC purchased a new position in ASA Gold and Precious Metals during the 2nd quarter valued at about $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.