ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Buys 7,283 Shares of Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 7,283 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were purchased at an average cost of $48.75 per share, for a total transaction of $355,046.25. Following the completion of the purchase, the insider owned 5,258,391 shares in the company, valued at $256,346,561.25. This trade represents a 0.14% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more 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 Friday, November 21st, Saba Capital Management, L.P. purchased 9,784 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $46.94 per share, for a total transaction of $459,260.96.
• On Thursday, November 20th, Saba Capital Management, L.P. acquired 27,496 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $47.41 per share, with a total value of $1,303,585.36.
• On Wednesday, November 19th, Saba Capital Management, L.P. bought 10,094 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $48.16 per share, for a total transaction of $486,127.04.
• On Tuesday, November 18th, Saba Capital Management, L.P. bought 2,268 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $47.20 per share, for a total transaction of $107,049.60.
• On Monday, November 17th, Saba Capital Management, L.P. purchased 18,124 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $47.35 per share, with a total value of $858,171.40.
• On Thursday, November 13th, Saba Capital Management, L.P. purchased 2,550 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $49.43 per share, with a total value of $126,046.50.
• On Tuesday, November 11th, Saba Capital Management, L.P. acquired 10,286 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $47.64 per share, for a total transaction of $490,025.04.
• On Monday, November 10th, Saba Capital Management, L.P. acquired 3,994 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $48.35 per share, for a total transaction of $193,109.90.
• On Wednesday, November 5th, Saba Capital Management, L.P. acquired 928 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price 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 shares were acquired at an average cost of $44.49 per share, with a total value of $892,914.30.

ASA Gold and Precious Metals Stock Up 4.5%

Shares of NYSE ASA opened at $51.14 on Thursday. ASA Gold and Precious Metals Limited has a fifty-two week low of $19.37 and a fifty-two week high of $53.76. The firm’s 50-day simple moving average is $46.67 and its 200 day simple moving average is $38.31.

ASA Gold and Precious Metals Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, November 12th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a dividend yield of 12.0%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC bought a new stake in ASA Gold and Precious Metals in the second quarter worth about $231,000. Atria Wealth Solutions Inc. purchased a new stake in shares of ASA Gold and Precious Metals during the 1st quarter worth approximately $235,000. Cetera Investment Advisers increased its stake in shares of ASA Gold and Precious Metals by 223.9% during the 1st quarter. Cetera Investment Advisers now owns 188,855 shares of the investment management company’s stock worth $5,692,000 after purchasing an additional 130,547 shares during the last quarter. Sessa Capital IM L.P. raised its holdings in shares of ASA Gold and Precious Metals by 56.3% in the 1st quarter. Sessa Capital IM L.P. now owns 1,050,000 shares of the investment management company’s stock worth $31,647,000 after purchasing an additional 378,327 shares during the period. Finally, Walleye Capital LLC lifted its stake in ASA Gold and Precious Metals by 43.4% in the first quarter. Walleye Capital LLC now owns 24,530 shares of the investment management company’s stock valued at $739,000 after purchasing an additional 7,419 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of ASA Gold and Precious Metals in a report on Wednesday, November 19th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, ASA Gold and Precious Metals currently has a consensus rating of “Buy”.

ASA Gold and Precious Metals Company Profile

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.