ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Buys 15,162 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 15,162 shares of ASA Gold and Precious Metals stock in a transaction dated Tuesday, January 13th. The stock was purchased at an average cost of $64.52 per share, with a total value of $978,252.24. Following the completion of the purchase, the insider owned 5,447,444 shares of the company’s stock, valued at approximately $351,469,086.88. This represents a 0.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large 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 Wednesday, January 14th, Saba Capital Management, L.P. bought 5,000 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $63.82 per share, for a total transaction of $319,100.00.
• On Monday, January 12th, Saba Capital Management, L.P. purchased 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 stock was bought 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 shares were 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, with a total value of $215,088.44.
• On Tuesday, January 6th, Saba Capital Management, L.P. bought 3,280 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $61.80 per share, with a total value of $202,704.00.
• On Monday, January 5th, Saba Capital Management, L.P. acquired 8,770 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $60.32 per share, for a total transaction of $529,006.40.
• On Friday, January 2nd, Saba Capital Management, L.P. bought 8,782 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $58.93 per share, with a total value of $517,523.26.
• On Wednesday, December 31st, Saba Capital Management, L.P. purchased 9,112 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $59.99 per share, for a total transaction of $546,628.88.
• On Tuesday, December 30th, Saba Capital Management, L.P. acquired 6,892 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $60.34 per share, with a total value of $415,863.28.

ASA Gold and Precious Metals Stock Down 0.7%

Shares of NYSE ASA traded down $0.46 during trading on Thursday, hitting $63.40. 25,466 shares of the company were exchanged, compared to its average volume of 95,440. The company has a fifty day moving average price of $55.18 and a 200-day moving average price of $44.80. ASA Gold and Precious Metals Limited has a 12-month low of $21.57 and a 12-month high of $66.11.

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 equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, ASA Gold and Precious Metals presently has an average rating of “Buy”.

Institutional Trading of ASA Gold and Precious Metals

Several hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC acquired a new stake in ASA Gold and Precious Metals in the third quarter valued at $55,000. JPMorgan Chase & Co. purchased a new position in shares of ASA Gold and Precious Metals in the 2nd quarter valued at about $61,000. Savant Capital LLC acquired a new stake in shares of ASA Gold and Precious Metals during the 3rd quarter worth about $220,000. Steward Partners Investment Advisory LLC raised its position in shares of ASA Gold and Precious Metals by 143.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company’s stock worth $229,000 after acquiring an additional 4,272 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in ASA Gold and Precious Metals during the second quarter worth approximately $231,000.

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.