ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Purchases 17,075 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 17,075 shares of ASA Gold and Precious Metals stock in a transaction on Thursday, January 29th. The stock was bought at an average price of $74.59 per share, with a total value of $1,273,624.25. Following the transaction, the insider owned 5,544,732 shares of the company’s stock, valued at approximately $413,581,559.88. This represents a 0.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% 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 Friday, January 30th, Saba Capital Management, L.P. bought 21,708 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $65.56 per share, with a total value of $1,423,176.48.
• On Wednesday, January 28th, Saba Capital Management, L.P. bought 57,165 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $75.32 per share, for a total transaction of $4,305,667.80.
• On Tuesday, January 27th, Saba Capital Management, L.P. purchased 3,730 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $73.15 per share, with a total value of $272,849.50.
• On Monday, January 26th, Saba Capital Management, L.P. acquired 1,400 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $72.90 per share, with a total value of $102,060.00.
• On Tuesday, January 20th, Saba Capital Management, L.P. acquired 3,723 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $66.08 per share, for a total transaction of $246,015.84.
• On Friday, January 16th, Saba Capital Management, L.P. bought 4,541 shares of ASA Gold and Precious Metals stock. The stock was 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. purchased 4,654 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $63.35 per share, with a total value 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 shares were acquired at an average cost of $63.82 per share, for a total transaction of $319,100.00.
• On Tuesday, January 13th, Saba Capital Management, L.P. acquired 15,162 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $64.52 per share, for a total transaction 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 cost of $64.19 per share, with a total value of $610,318.52.

ASA Gold and Precious Metals Stock Performance

ASA stock opened at $63.17 on Tuesday. ASA Gold and Precious Metals Limited has a 1-year low of $22.71 and a 1-year high of $78.21. The business has a 50 day simple moving average of $60.67 and a two-hundred day simple moving average of $48.22.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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, the stock has an average rating of “Buy”.

Institutional Trading of ASA Gold and Precious Metals

Hedge funds have recently made changes to their positions in the business. Zazove Associates LLC bought a new position in shares of ASA Gold and Precious Metals during the 3rd quarter valued at approximately $811,000. Wealth Enhancement Advisory Services LLC purchased a new position in ASA Gold and Precious Metals during the second quarter worth $231,000. Blue Bell Private Wealth Management LLC boosted its stake in ASA Gold and Precious Metals by 9.3% during the third quarter. Blue Bell Private Wealth Management LLC now owns 138,355 shares of the investment management company’s stock worth $6,337,000 after buying an additional 11,808 shares during the period. Wolverine Asset Management LLC bought a new position in ASA Gold and Precious Metals during the second quarter valued at $1,213,000. Finally, Laurel Wealth Advisors LLC raised its stake in shares of ASA Gold and Precious Metals by 3,057.0% in the second quarter. Laurel Wealth Advisors LLC now owns 31,570 shares of the investment management company’s stock valued at $1,000,000 after acquiring an additional 30,570 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.