ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Buys $102,060.00 in Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. bought 1,400 shares of the stock in a transaction on Monday, January 26th. The stock was purchased at an average cost of $72.90 per share, for a total transaction of $102,060.00. Following the acquisition, the insider directly owned 5,466,762 shares of the company’s stock, valued at $398,526,949.80. The trade was a 0.03% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 Tuesday, January 20th, Saba Capital Management, L.P. acquired 3,723 shares of ASA Gold and Precious Metals stock. The stock was acquired 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. acquired 4,541 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $63.63 per share, for a total transaction 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 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. bought 5,000 shares of ASA Gold and Precious Metals stock. The shares were acquired 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 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 shares were acquired at an average cost of $64.19 per share, with a total value 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 bought 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 stock was bought 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. purchased 3,598 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $59.78 per share, with a total value 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 bought at an average cost of $61.80 per share, with a total value of $202,704.00.

ASA Gold and Precious Metals Stock Up 0.9%

Shares of NYSE:ASA traded up $0.62 on Tuesday, hitting $73.67. The company had a trading volume of 81,907 shares, compared to its average volume of 129,007. ASA Gold and Precious Metals Limited has a 52-week low of $22.38 and a 52-week high of $77.07. The business has a 50 day moving average of $58.40 and a 200 day moving average of $46.90.

Institutional Trading of ASA Gold and Precious Metals

A number of institutional investors have recently modified their holdings of the business. Walleye Capital LLC grew its position in ASA Gold and Precious Metals by 1.4% during the second quarter. Walleye Capital LLC now owns 24,871 shares of the investment management company’s stock valued at $785,000 after buying an additional 341 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of 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 in the last quarter. Advisory Services Network LLC bought a new stake in ASA Gold and Precious Metals in the third quarter worth $55,000. JPMorgan Chase & Co. increased its holdings in shares of 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 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 worth $511,000 after acquiring an additional 1,326 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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, Based on data from MarketBeat.com, ASA Gold and Precious Metals presently has a consensus rating of “Buy”.

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.