ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Buys 4,152 Shares of Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. bought 4,152 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was acquired at an average price of $62.03 per share, for a total transaction of $257,548.56. Following the completion of the purchase, the insider directly owned 5,422,774 shares in the company, valued at approximately $336,374,671.22. The trade was a 0.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 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 Thursday, January 8th, Saba Capital Management, L.P. purchased 2,479 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $60.71 per share, with a total value of $150,500.09.
• On Wednesday, January 7th, Saba Capital Management, L.P. acquired 3,598 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $59.78 per share, for a total transaction of $215,088.44.
• On Tuesday, January 6th, Saba Capital Management, L.P. bought 3,280 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $61.80 per share, for a total transaction 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 bought at an average price 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 stock was bought 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. acquired 9,112 shares of ASA Gold and Precious Metals stock. The shares were bought 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 shares were bought 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. bought 10,111 shares of ASA Gold and Precious Metals stock. The stock was purchased 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. purchased 714 shares of ASA Gold and Precious Metals stock. The shares were 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 shares were purchased at an average cost of $60.76 per share, with a total value of $28,374.92.

ASA Gold and Precious Metals Trading Up 3.8%

ASA opened at $64.21 on Tuesday. The stock has a 50-day moving average price of $54.41 and a 200-day moving average price of $44.43. ASA Gold and Precious Metals Limited has a 12-month low of $21.17 and a 12-month high of $64.74.

Analyst Upgrades and Downgrades

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, the stock presently has an average rating of “Buy”.

Institutional Investors Weigh In On ASA Gold and Precious Metals

Institutional investors have recently bought and sold shares of the stock. Zazove Associates LLC purchased a new stake in shares of ASA Gold and Precious Metals during the third quarter valued at approximately $811,000. Wealth Enhancement Advisory Services LLC purchased a new stake in ASA Gold and Precious Metals during the 2nd quarter valued at $231,000. Blue Bell Private Wealth Management LLC boosted its position in 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 buying an additional 11,808 shares during the period. Medici Capital LLC bought a new stake in ASA Gold and Precious Metals in the 2nd quarter worth $5,238,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of ASA Gold and Precious Metals in the second quarter valued at about $1,213,000.

About ASA Gold and Precious Metals

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.