ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Buys $1,815,470.61 in Stock

Posted by Nicole Kennedy on Feb 14th, 2026

ASA Gold and Precious Metals Limited (NYSE:ASA – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 25,939 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were bought at an average cost of $69.99 per share, for a total transaction of $1,815,470.61. Following the purchase, the insider owned 5,667,185 shares of the company’s stock, valued at approximately $396,646,278.15. The trade was a 0.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more 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 Wednesday, February 11th, Saba Capital Management, L.P. bought 40,222 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $72.09 per share, for a total transaction of $2,899,603.98.
On Tuesday, February 10th, Saba Capital Management, L.P. purchased 62,201 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $71.10 per share, for a total transaction of $4,422,491.10.
On Friday, February 6th, Saba Capital Management, L.P. purchased 15,796 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $65.91 per share, with a total value of $1,041,114.36.
On Thursday, February 5th, Saba Capital Management, L.P. acquired 15,423 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $64.31 per share, for a total transaction of $991,853.13.
On Wednesday, February 4th, Saba Capital Management, L.P. bought 6,788 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $66.45 per share, for a total transaction of $451,062.60.
On Tuesday, February 3rd, Saba Capital Management, L.P. bought 28,333 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $66.14 per share, with a total value of $1,873,944.62.
On Monday, February 2nd, Saba Capital Management, L.P. purchased 8,466 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $64.27 per share, with a total value of $544,109.82.
On Friday, January 30th, Saba Capital Management, L.P. acquired 21,708 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $65.56 per share, for a total transaction of $1,423,176.48.
On Thursday, January 29th, Saba Capital Management, L.P. acquired 17,075 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $74.59 per share, with a total value of $1,273,624.25.
On Wednesday, January 28th, Saba Capital Management, L.P. bought 57,165 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $75.32 per share, with a total value of $4,305,667.80.

ASA Gold and Precious Metals Trading Up 4.9%

NYSE ASA opened at $71.56 on Friday. The business’s 50-day moving average price is $63.64 and its 200 day moving average price is $50.23. ASA Gold and Precious Metals Limited has a twelve month low of $23.93 and a twelve month high of $78.21.

Hedge Funds Weigh In On ASA Gold and Precious Metals

A number of large investors have recently modified their holdings of ASA. WHI TRUST Co LLC purchased a new stake in shares of ASA Gold and Precious Metals during the 4th quarter worth about $30,000. Kestra Advisory Services LLC acquired a new position in ASA Gold and Precious Metals during the fourth quarter valued at approximately $58,000. Advisory Services Network LLC purchased a new stake in ASA Gold and Precious Metals during the third quarter worth approximately $55,000. Farther Finance Advisors LLC purchased a new stake in ASA Gold and Precious Metals during the fourth quarter worth approximately $95,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of ASA Gold and Precious Metals in the second quarter worth $61,000.

Key ASA Gold and Precious Metals News

Here are the key news stories impacting ASA Gold and Precious Metals this week:

Positive Sentiment: Saba Capital made multiple, sizable buys this week (most recently 40,222 shares on Feb. 11 at ~$72.09), signaling conviction from a major shareholder and creating direct demand support for the stock. Read More.
Positive Sentiment: The purchases are part of a sustained accumulation pattern (additional blocks on Feb. 10, Feb. 9 and multiple late‑Jan trades), which tends to reinforce short‑term momentum versus a one‑off trade. Read More.
Neutral Sentiment: Saba’s stake is now sizeable (~5.7–5.8M shares, valued in the hundreds of millions). That concentration amplifies the market impact of their activity: continued buying is bullish, but any decision to trim could produce outsized selling pressure. Read More.
Neutral Sentiment: Technical/context note — ASA sits above both its 50‑day (~$63) and 200‑day (~$50) moving averages and is nearer its 52‑week high than low; trade volume is modestly above average, which supports the current rally if flows persist. Read More.
Negative Sentiment: Despite buying, intraday volatility and pockets of profit‑taking have appeared; because a single holder dominates activity, any future unwind by Saba or broader rotation out of precious‑metals exposures could quickly reverse gains. Monitor new 13D/13G or Form 4 filings and volume for signs of selling. Read More.

Analyst Upgrades and Downgrades

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

View Our Latest Report on ASA Gold and Precious Metals

About ASA Gold and Precious Metals

(Get Free Report)

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.