ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Purchases 17,075 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 17,075 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were purchased at an average cost of $74.59 per share, with a total value of $1,273,624.25. Following the completion of the purchase, the insider owned 5,544,732 shares in the company, valued at $413,581,559.88. This trade represents a 0.31% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 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 Friday, January 30th, Saba Capital Management, L.P. acquired 21,708 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $65.56 per share, for a total transaction of $1,423,176.48.
• On Wednesday, January 28th, Saba Capital Management, L.P. acquired 57,165 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $75.32 per share, with a total value of $4,305,667.80.
• On Tuesday, January 27th, Saba Capital Management, L.P. bought 3,730 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $73.15 per share, for a total transaction of $272,849.50.
• On Monday, January 26th, Saba Capital Management, L.P. purchased 1,400 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $72.90 per share, for a total transaction of $102,060.00.
• On Tuesday, January 20th, Saba Capital Management, L.P. purchased 3,723 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $66.08 per share, with a total value 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 shares were acquired at an average price of $63.63 per share, with a total value 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 stock was acquired at an average price of $63.35 per share, for a total transaction 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 bought 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 bought at an average price of $64.19 per share, with a total value of $610,318.52.

ASA Gold and Precious Metals Price Performance

ASA Gold and Precious Metals stock traded down $1.99 during trading hours on Monday, hitting $62.55. The company had a trading volume of 69,008 shares, compared to its average volume of 149,390. The company has a 50-day moving average price of $60.37 and a two-hundred day moving average price of $48.00. ASA Gold and Precious Metals Limited has a 1 year low of $22.71 and a 1 year high of $78.21.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Large investors have recently bought and sold shares of the business. AlphaStar Capital Management LLC bought a new position in shares of ASA Gold and Precious Metals in the 4th quarter worth $217,000. Farther Finance Advisors LLC purchased a new position in ASA Gold and Precious Metals in the fourth quarter valued at about $95,000. Stratos Wealth Partners LTD. purchased a new position in ASA Gold and Precious Metals in the fourth quarter valued at about $307,000. DKM Wealth Management Inc. purchased a new stake in shares of ASA Gold and Precious Metals during the fourth quarter valued at about $239,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of ASA Gold and Precious Metals by 19.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,295 shares of the investment management company’s stock valued at $511,000 after buying an additional 1,326 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

ASA Gold and Precious Metals Company Profile

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.