Insider Buying: ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Buys $486,127.04 in Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 10,094 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was bought at an average cost of $48.16 per share, for a total transaction of $486,127.04. Following the completion of the transaction, the insider owned 5,213,828 shares in the company, valued at approximately $251,097,956.48. This represents a 0.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 Tuesday, November 18th, Saba Capital Management, L.P. acquired 2,268 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $47.20 per share, with a total value of $107,049.60.
• On Monday, November 17th, Saba Capital Management, L.P. bought 18,124 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $47.35 per share, for a total transaction 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 cost of $49.43 per share, for a total transaction 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 stock was purchased at an average cost of $47.64 per share, with a total value 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 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 shares were 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 shares were 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. acquired 15,847 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $46.10 per share, for a total transaction of $730,546.70.
• On Thursday, October 30th, Saba Capital Management, L.P. acquired 1,700 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $45.61 per share, for a total transaction of $77,537.00.

ASA Gold and Precious Metals Price Performance

ASA Gold and Precious Metals stock opened at $46.17 on Friday. ASA Gold and Precious Metals Limited has a 12-month low of $19.37 and a 12-month high of $53.76. The firm has a 50 day moving average of $46.17 and a 200 day moving average of $37.91.

ASA Gold and Precious Metals Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC bought a new stake in shares of ASA Gold and Precious Metals during the third quarter valued at approximately $55,000. JPMorgan Chase & Co. purchased a new position in ASA Gold and Precious Metals during the second quarter valued at $61,000. Savant Capital LLC bought a new stake in ASA Gold and Precious Metals in the 3rd quarter valued at $220,000. Fruth Investment Management purchased a new stake in ASA Gold and Precious Metals in the 1st quarter worth $226,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in ASA Gold and Precious Metals by 143.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company’s stock worth $229,000 after purchasing an additional 4,272 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, ASA Gold and Precious Metals presently 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.