Saba Capital Management, L.P. Purchases 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. acquired 3,723 shares of ASA Gold and Precious Metals stock in a transaction that occurred on Tuesday, January 20th. The shares were purchased at an average price of $66.08 per share, with a total value of $246,015.84. Following the transaction, the insider owned 5,465,362 shares of the company’s stock, valued at $361,151,120.96. The trade was a 0.07% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares 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. purchased 4,541 shares of ASA Gold and Precious Metals stock. The stock was bought 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 price of $63.35 per share, for a total transaction of $294,830.90.
• On Wednesday, January 14th, Saba Capital Management, L.P. acquired 5,000 shares of ASA Gold and Precious Metals stock. The shares were bought 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. bought 15,162 shares of ASA Gold and Precious Metals stock. The stock was purchased 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. bought 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. bought 2,479 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $60.71 per share, for a total transaction of $150,500.09.
• On Friday, January 9th, Saba Capital Management, L.P. acquired 4,152 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $62.03 per share, for a total transaction of $257,548.56.
• On Wednesday, January 7th, Saba Capital Management, L.P. acquired 3,598 shares of ASA Gold and Precious Metals stock. The shares were purchased 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. 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 shares were purchased at an average cost of $60.32 per share, with a total value of $529,006.40.

ASA Gold and Precious Metals Price Performance

NYSE ASA traded up $4.03 during trading on Thursday, hitting $71.17. The company’s stock had a trading volume of 88,791 shares, compared to its average volume of 112,057. ASA Gold and Precious Metals Limited has a fifty-two week low of $21.92 and a fifty-two week high of $72.04. The business’s 50 day simple moving average is $56.91 and its 200-day simple moving average is $45.94.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed 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, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Hedge Funds Weigh In On ASA Gold and Precious Metals

A number of large investors have recently made changes to their positions in the stock. Walleye Capital LLC increased its holdings 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 valued at $785,000 after acquiring an additional 341 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in ASA Gold and Precious Metals by 4.4% in the third quarter. Integrated Wealth Concepts LLC now owns 16,110 shares of the investment management company’s stock valued at $738,000 after purchasing an additional 681 shares during the last quarter. Advisory Services Network LLC purchased a new position in ASA Gold and Precious Metals during the third quarter worth about $55,000. JPMorgan Chase & Co. boosted its stake in ASA Gold and Precious Metals by 64.7% in 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 during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake 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 valued at $511,000 after acquiring an additional 1,326 shares during 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.