ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Purchases 2,479 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 2,479 shares of the stock in a transaction that occurred on Thursday, January 8th. The shares were purchased at an average cost of $60.71 per share, with a total value of $150,500.09. Following the completion of the acquisition, the insider owned 5,418,622 shares in the company, valued at approximately $328,964,541.62. This represents a 0.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Large 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 Friday, January 9th, Saba Capital Management, L.P. acquired 4,152 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $62.03 per share, for a total transaction of $257,548.56.
• On Wednesday, January 7th, Saba Capital Management, L.P. bought 3,598 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $59.78 per share, with a total value 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 shares were acquired 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. purchased 8,770 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $60.32 per share, for a total transaction of $529,006.40.
• On Friday, January 2nd, Saba Capital Management, L.P. acquired 8,782 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $58.93 per share, with a total value 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 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. bought 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. purchased 10,111 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost 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 bought at an average price of $61.92 per share, with a total value of $44,210.88.
• On Wednesday, December 24th, Saba Capital Management, L.P. acquired 467 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $60.76 per share, for a total transaction of $28,374.92.

ASA Gold and Precious Metals Price Performance

Shares of ASA stock opened at $64.21 on Tuesday. The firm has a fifty day moving average of $54.41 and a two-hundred day moving average of $44.43. ASA Gold and Precious Metals Limited has a 1-year low of $21.17 and a 1-year high of $64.74.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Walleye Capital LLC boosted its position in 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 grew its position in ASA Gold and Precious Metals by 4.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,110 shares of the investment management company’s stock valued at $738,000 after buying an additional 681 shares in the last quarter. Advisory Services Network LLC acquired a new position in ASA Gold and Precious Metals during the 3rd quarter valued at about $55,000. JPMorgan Chase & Co. raised its position in shares of ASA Gold and Precious Metals by 64.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,199 shares of the investment management company’s stock worth $147,000 after buying an additional 1,257 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of ASA Gold and Precious Metals by 19.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,295 shares of the investment management company’s stock worth $511,000 after buying an additional 1,326 shares in the last quarter.

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.