ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Buys 3,994 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 3,994 shares of ASA Gold and Precious Metals stock in a transaction dated Monday, November 10th. The shares were acquired at an average price of $48.35 per share, with a total value of $193,109.90. Following the completion of the acquisition, the insider directly owned 5,170,506 shares of the company’s stock, valued at approximately $249,993,965.10. The trade was a 0.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Tuesday, November 11th, Saba Capital Management, L.P. purchased 10,286 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $47.64 per share, for a total transaction of $490,025.04.
• On Wednesday, November 5th, Saba Capital Management, L.P. acquired 928 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $44.68 per share, with a total value of $41,463.04.
• On Tuesday, November 4th, Saba Capital Management, L.P. bought 20,070 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $44.49 per share, for a total transaction of $892,914.30.
• On Monday, November 3rd, Saba Capital Management, L.P. purchased 26,152 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $46.21 per share, with a total value of $1,208,483.92.
• On Friday, October 31st, Saba Capital Management, L.P. bought 15,847 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $46.10 per share, with a total value of $730,546.70.
• On Thursday, October 30th, Saba Capital Management, L.P. purchased 1,700 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $45.61 per share, for a total transaction of $77,537.00.
• On Wednesday, October 29th, Saba Capital Management, L.P. bought 9,128 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $45.32 per share, for a total transaction of $413,680.96.
• On Tuesday, October 28th, Saba Capital Management, L.P. bought 12,847 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $45.32 per share, with a total value of $582,226.04.
• On Monday, October 27th, Saba Capital Management, L.P. purchased 28,500 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $44.08 per share, for a total transaction of $1,256,280.00.
• On Friday, October 24th, Saba Capital Management, L.P. acquired 22,335 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $45.97 per share, for a total transaction of $1,026,739.95.

ASA Gold and Precious Metals Stock Up 4.8%

Shares of ASA Gold and Precious Metals stock opened at $50.19 on Thursday. ASA Gold and Precious Metals Limited has a 1 year low of $19.37 and a 1 year high of $53.76. The stock has a fifty day moving average price of $45.15 and a 200-day moving average price of $37.05.

ASA Gold and Precious Metals Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, November 19th. Investors of record on Wednesday, November 12th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, November 12th. This represents a yield of 12.0%.

Institutional Trading of ASA Gold and Precious Metals

Large investors have recently modified their holdings of the business. Private Advisor Group LLC grew its stake in ASA Gold and Precious Metals by 57.7% in the 1st quarter. Private Advisor Group LLC now owns 82,054 shares of the investment management company’s stock worth $2,473,000 after buying an additional 30,024 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its position in ASA Gold and Precious Metals by 3.0% in the first quarter. Blue Bell Private Wealth Management LLC now owns 116,268 shares of the investment management company’s stock worth $3,504,000 after acquiring an additional 3,345 shares in the last quarter. Cetera Investment Advisers raised its position in ASA Gold and Precious Metals by 223.9% during the first quarter. Cetera Investment Advisers now owns 188,855 shares of the investment management company’s stock valued at $5,692,000 after purchasing an additional 130,547 shares in the last quarter. Atria Wealth Solutions Inc. bought a new stake in ASA Gold and Precious Metals during the first quarter worth about $235,000. Finally, Sprott Inc. lifted its stake in ASA Gold and Precious Metals by 74.9% during the first quarter. Sprott Inc. now owns 280,183 shares of the investment management company’s stock worth $8,445,000 after purchasing an additional 120,000 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b+)” rating on shares of ASA Gold and Precious Metals in a report on Thursday, October 30th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

About ASA Gold and Precious Metals

ASA Gold and Precious Metals Limited is a publicly owned investment manager. The firm invests in the public equity markets across the globe. It primarily invests in stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds, or other precious minerals. It also invests in exchange traded funds.