Saba Capital Management, L.P. Buys 3,723 Shares of ASA Gold and Precious Metals (NYSE:ASA) Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 3,723 shares of the stock in a transaction dated Tuesday, January 20th. The stock was purchased at an average price of $66.08 per share, for a total transaction of $246,015.84. Following the completion of the acquisition, the insider directly owned 5,465,362 shares in the company, valued at approximately $361,151,120.96. This represents a 0.07% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at 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 Friday, January 16th, Saba Capital Management, L.P. acquired 4,541 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $63.63 per share, with a total value of $288,943.83.
• On Thursday, January 15th, Saba Capital Management, L.P. bought 4,654 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $63.35 per share, with a total value of $294,830.90.
• On Wednesday, January 14th, Saba Capital Management, L.P. bought 5,000 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $63.82 per share, with a total value of $319,100.00.
• On Tuesday, January 13th, Saba Capital Management, L.P. purchased 15,162 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $64.52 per share, for a total transaction of $978,252.24.
• On Monday, January 12th, Saba Capital Management, L.P. purchased 9,508 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $64.19 per share, for a total transaction of $610,318.52.
• On Thursday, January 8th, Saba Capital Management, L.P. acquired 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 Friday, January 9th, Saba Capital Management, L.P. bought 4,152 shares of ASA Gold and Precious Metals stock. The shares were acquired 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 cost of $59.78 per share, for a total transaction of $215,088.44.
• On Tuesday, January 6th, Saba Capital Management, L.P. purchased 3,280 shares of ASA Gold and Precious Metals stock. The stock was acquired 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. purchased 8,770 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $60.32 per share, with a total value of $529,006.40.

ASA Gold and Precious Metals Stock Performance

Shares of ASA stock opened at $73.91 on Friday. ASA Gold and Precious Metals Limited has a fifty-two week low of $22.10 and a fifty-two week high of $74.30. The stock’s 50-day simple moving average is $57.88 and its 200-day simple moving average is $46.41.

Analyst Ratings Changes

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

Hedge Funds Weigh In On ASA Gold and Precious Metals

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new stake in ASA Gold and Precious Metals during the 3rd quarter valued at approximately $55,000. JPMorgan Chase & Co. purchased a new position in shares of ASA Gold and Precious Metals during the second quarter worth $61,000. Farther Finance Advisors LLC acquired a new position in ASA Gold and Precious Metals during the fourth quarter valued at $95,000. Savant Capital LLC purchased a new stake in ASA Gold and Precious Metals in the third quarter valued at $220,000. Finally, Steward Partners Investment Advisory LLC grew its position in ASA Gold and Precious Metals by 143.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company’s stock worth $229,000 after purchasing an additional 4,272 shares during the period.

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.