Insider Buying: ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Acquires 4,654 Shares of Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. bought 4,654 shares of the stock in a transaction dated Thursday, January 15th. The stock was purchased at an average cost of $63.35 per share, with a total value of $294,830.90. Following the completion of the purchase, the insider directly owned 5,457,098 shares in the company, valued at approximately $345,707,158.30. This trade represents a 0.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Major 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 Friday, January 16th, Saba Capital Management, L.P. acquired 4,541 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $63.63 per share, with a total value of $288,943.83.
• On Wednesday, January 14th, Saba Capital Management, L.P. bought 5,000 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $63.82 per share, for a total transaction 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 shares were acquired at an average cost of $64.52 per share, with a total value of $978,252.24.
• On Monday, January 12th, Saba Capital Management, L.P. bought 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. purchased 2,479 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $60.71 per share, for a total transaction of $150,500.09.
• On Friday, January 9th, Saba Capital Management, L.P. acquired 4,152 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $62.03 per share, with a total value of $257,548.56.
• On Wednesday, January 7th, Saba Capital Management, L.P. bought 3,598 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $59.78 per share, for a total transaction 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 bought at an average price of $61.80 per share, with a total value of $202,704.00.
• On Monday, January 5th, Saba Capital Management, L.P. purchased 8,770 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $60.32 per share, for a total transaction of $529,006.40.
• On Friday, January 2nd, Saba Capital Management, L.P. purchased 8,782 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $58.93 per share, for a total transaction of $517,523.26.

ASA Gold and Precious Metals Stock Performance

ASA Gold and Precious Metals stock traded up $3.09 during mid-day trading on Tuesday, hitting $66.55. 172,608 shares of the company’s stock were exchanged, compared to its average volume of 108,184. ASA Gold and Precious Metals Limited has a fifty-two week low of $21.81 and a fifty-two week high of $66.68. The company’s 50 day simple moving average is $56.20 and its 200-day simple moving average is $45.55.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Almitas Capital LLC acquired a new stake in shares of ASA Gold and Precious Metals in the third quarter valued at approximately $15,359,000. Landscape Capital Management L.L.C. acquired a new stake in shares of ASA Gold and Precious Metals during the 3rd quarter worth $6,411,000. Blue Bell Private Wealth Management LLC increased its position in shares of ASA Gold and Precious Metals by 9.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 138,355 shares of the investment management company’s stock worth $6,337,000 after purchasing an additional 11,808 shares during the period. Private Advisor Group LLC increased its position in shares of ASA Gold and Precious Metals by 3.2% in the third quarter. Private Advisor Group LLC now owns 84,157 shares of the investment management company’s stock worth $3,854,000 after purchasing an additional 2,622 shares during the period. Finally, Noble Wealth Management PBC raised its stake in ASA Gold and Precious Metals by 61.7% in the fourth quarter. Noble Wealth Management PBC now owns 73,354 shares of the investment management company’s stock valued at $4,377,000 after purchasing an additional 27,987 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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, the stock 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.