Saba Capital Management, L.P. Buys 7,866 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 7,866 shares of ASA Gold and Precious Metals stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average cost of $58.10 per share, for a total transaction of $457,014.60. Following the purchase, the insider owned 5,336,757 shares of the company’s stock, valued at $310,065,581.70. The trade was a 0.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large 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, December 12th, Saba Capital Management, L.P. acquired 13,696 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $57.85 per share, with a total value of $792,313.60.
• On Wednesday, December 10th, Saba Capital Management, L.P. acquired 10,397 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $54.09 per share, for a total transaction of $562,373.73.
• On Monday, December 8th, Saba Capital Management, L.P. bought 7,542 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $52.40 per share, for a total transaction of $395,200.80.
• On Friday, December 5th, Saba Capital Management, L.P. bought 8,002 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $53.22 per share, with a total value of $425,866.44.
• On Thursday, December 4th, Saba Capital Management, L.P. purchased 15,408 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $52.87 per share, for a total transaction of $814,620.96.
• On Wednesday, December 3rd, Saba Capital Management, L.P. acquired 9,576 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $53.37 per share, for a total transaction of $511,071.12.
• On Tuesday, December 2nd, Saba Capital Management, L.P. acquired 8,078 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $52.82 per share, with a total value of $426,679.96.
• On Monday, December 1st, Saba Capital Management, L.P. bought 9,560 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $53.46 per share, with a total value of $511,077.60.
• On Tuesday, November 25th, Saba Capital Management, L.P. bought 7,283 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $48.75 per share, for a total transaction of $355,046.25.
• On Friday, November 21st, Saba Capital Management, L.P. purchased 9,784 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $46.94 per share, with a total value of $459,260.96.

ASA Gold and Precious Metals Price Performance

ASA stock opened at $57.58 on Thursday. The stock has a 50-day moving average price of $49.58 and a 200-day moving average price of $40.87. ASA Gold and Precious Metals Limited has a 1-year low of $19.37 and a 1-year high of $59.25.

ASA Gold and Precious Metals Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th were issued a $0.03 dividend. This represents a yield of 12.0%. The ex-dividend date was Wednesday, November 12th.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b+)” rating on shares of ASA Gold and Precious Metals in a report on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

Institutional Trading of ASA Gold and Precious Metals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of ASA Gold and Precious Metals during the second quarter worth approximately $231,000. Sessa Capital IM L.P. increased its stake in ASA Gold and Precious Metals by 56.3% during the 1st quarter. Sessa Capital IM L.P. now owns 1,050,000 shares of the investment management company’s stock valued at $31,647,000 after purchasing an additional 378,327 shares in the last quarter. Walleye Capital LLC raised its holdings in ASA Gold and Precious Metals by 43.4% during the first quarter. Walleye Capital LLC now owns 24,530 shares of the investment management company’s stock worth $739,000 after buying an additional 7,419 shares during the last quarter. Medici Capital LLC bought a new position in shares of ASA Gold and Precious Metals in the second quarter valued at $5,238,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of ASA Gold and Precious Metals during the second quarter valued at about $1,213,000.

About ASA Gold and Precious Metals

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.