Saba Capital Management, L.P. Acquires 40,222 Shares of ASA Gold and Precious Metals (NYSE:ASA) Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 40,222 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was bought at an average cost of $72.09 per share, for a total transaction of $2,899,603.98. Following the completion of the purchase, the insider directly owned 5,769,608 shares in the company, valued at $415,931,040.72. This represents a 0.70% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Tuesday, February 10th, Saba Capital Management, L.P. bought 62,201 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $71.10 per share, with a total value of $4,422,491.10.
• On Monday, February 9th, Saba Capital Management, L.P. acquired 25,939 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $69.99 per share, with a total value of $1,815,470.61.
• On Friday, February 6th, Saba Capital Management, L.P. bought 15,796 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $65.91 per share, with a total value of $1,041,114.36.
• On Thursday, February 5th, Saba Capital Management, L.P. purchased 15,423 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $64.31 per share, for a total transaction of $991,853.13.
• On Wednesday, February 4th, Saba Capital Management, L.P. acquired 6,788 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $66.45 per share, with a total value of $451,062.60.
• On Tuesday, February 3rd, Saba Capital Management, L.P. bought 28,333 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $66.14 per share, with a total value of $1,873,944.62.
• On Monday, February 2nd, Saba Capital Management, L.P. acquired 8,466 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $64.27 per share, with a total value of $544,109.82.
• On Friday, January 30th, Saba Capital Management, L.P. bought 21,708 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $65.56 per share, for a total transaction of $1,423,176.48.
• On Thursday, January 29th, Saba Capital Management, L.P. bought 17,075 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $74.59 per share, for a total transaction of $1,273,624.25.
• On Wednesday, January 28th, Saba Capital Management, L.P. acquired 57,165 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $75.32 per share, for a total transaction of $4,305,667.80.

ASA Gold and Precious Metals Price Performance

ASA stock traded down $2.06 during midday trading on Thursday, reaching $70.18. The company’s stock had a trading volume of 25,770 shares, compared to its average volume of 147,743. The business’s 50-day simple moving average is $62.97 and its 200-day simple moving average is $49.83. ASA Gold and Precious Metals Limited has a 52 week low of $23.93 and a 52 week high of $78.21.

Trending Headlines about ASA Gold and Precious Metals

Here are the key news stories impacting ASA Gold and Precious Metals this week:

• Positive Sentiment: Saba Capital Management, L.P. has been actively accumulating ASA shares over the past two weeks (notably 62,201 shares on Feb. 10 and 25,939 shares on Feb. 9), signaling confidence from a large holder and providing buying support to the share price. Insider Buying: ASA Gold and Precious Metals
• Positive Sentiment: The purchases are repeated and sizeable (multiple days and price levels), which is more supportive for short‑term momentum than a one‑off trade. Investors often view sustained insider/major‑holder accumulation as a positive signal for future performance. SEC Filing
• Neutral Sentiment: Saba now holds a concentrated stake (~5.7M shares, reported value ≈$396–$407M). That concentration can amplify upside while they buy but also creates outsized influence on price if they pause or reverse activity — monitor future 13D/G amendments. MarketBeat: ASA Insider Trades
• Neutral Sentiment: Technically, ASA is trading above its 50‑day and 200‑day moving averages, which supports further upside if buying flows continue; however, technicals alone don’t prevent short‑term pullbacks. MarketBeat: Technicals & Ownership
• Negative Sentiment: Despite the buying, the stock declined today — likely due to short‑term profit taking or broader market/commodity moves (gold & precious metals volatility can outweigh single‑holder buying). Watch daily flows, gold price direction and any 13D/G updates from Saba for catalysts that could reverse the decline. InsiderTrades Coverage

Hedge Funds Weigh In On ASA Gold and Precious Metals

Several hedge funds have recently bought and sold shares of the company. WHI TRUST Co LLC acquired a new position in ASA Gold and Precious Metals during the 4th quarter valued at approximately $30,000. Advisory Services Network LLC bought a new stake in shares of ASA Gold and Precious Metals in the 3rd quarter worth $55,000. JPMorgan Chase & Co. bought a new position in shares of ASA Gold and Precious Metals during the 2nd quarter valued at about $61,000. Farther Finance Advisors LLC acquired a new stake in shares of ASA Gold and Precious Metals during the 4th quarter valued at $95,000. Finally, AlphaStar Capital Management LLC purchased a new position in ASA Gold and Precious Metals in the 4th quarter worth about $217,000.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b)” rating on shares of ASA Gold and Precious Metals in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average 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.