ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Acquires 1,400 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. bought 1,400 shares of ASA Gold and Precious Metals stock in a transaction on Monday, January 26th. The shares were bought at an average cost of $72.90 per share, with a total value of $102,060.00. Following the acquisition, the insider directly owned 5,466,762 shares in the company, valued at approximately $398,526,949.80. This represents a 0.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 Tuesday, January 20th, Saba Capital Management, L.P. acquired 3,723 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $66.08 per share, with a total value of $246,015.84.
• 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 cost 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 stock was purchased at an average price of $63.35 per share, for a total transaction of $294,830.90.
• On Wednesday, January 14th, Saba Capital Management, L.P. purchased 5,000 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost 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 shares were purchased at an average price of $64.52 per share, with a total value of $978,252.24.
• On Monday, January 12th, Saba Capital Management, L.P. acquired 9,508 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price 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 cost 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 stock was 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. purchased 3,598 shares of ASA Gold and Precious Metals stock. The stock was 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 shares were acquired at an average price of $61.80 per share, with a total value of $202,704.00.

ASA Gold and Precious Metals Stock Performance

ASA stock opened at $74.03 on Wednesday. The company’s 50 day moving average is $58.93 and its 200 day moving average is $47.20. ASA Gold and Precious Metals Limited has a 1-year low of $22.38 and a 1-year high of $77.07.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC purchased a new stake in shares of ASA Gold and Precious Metals in the 4th quarter valued at $95,000. Stratos Wealth Partners LTD. bought a new stake in ASA Gold and Precious Metals in the fourth quarter worth $307,000. DKM Wealth Management Inc. purchased a new stake in ASA Gold and Precious Metals during the fourth quarter valued at about $239,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of ASA Gold and Precious Metals by 19.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,295 shares of the investment management company’s stock valued at $511,000 after buying an additional 1,326 shares during the last quarter. Finally, Noble Wealth Management PBC increased its holdings in shares of ASA Gold and Precious Metals by 61.7% in the fourth quarter. Noble Wealth Management PBC now owns 73,354 shares of the investment management company’s stock worth $4,377,000 after buying an additional 27,987 shares during the period.

Analyst Ratings Changes

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

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.