Saba Capital Management, L.P. Purchases 1,700 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 1,700 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was acquired at an average price of $45.61 per share, for a total transaction of $77,537.00. Following the completion of the transaction, the insider owned 5,103,515 shares in the company, valued at approximately $232,771,319.15. The trade was a 0.03% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% 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 Monday, November 3rd, Saba Capital Management, L.P. acquired 26,152 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $46.21 per share, for a total transaction 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 acquired at an average price of $46.10 per share, for a total transaction of $730,546.70.
• On Wednesday, October 29th, Saba Capital Management, L.P. acquired 9,128 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $45.32 per share, for a total transaction of $413,680.96.
• On Tuesday, October 28th, Saba Capital Management, L.P. purchased 12,847 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $45.32 per share, for a total transaction of $582,226.04.
• On Monday, October 27th, Saba Capital Management, L.P. purchased 28,500 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $44.08 per share, for a total transaction of $1,256,280.00.
• On Friday, October 24th, Saba Capital Management, L.P. purchased 22,335 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $45.97 per share, for a total transaction of $1,026,739.95.
• On Thursday, October 23rd, Saba Capital Management, L.P. bought 19,172 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $46.22 per share, for a total transaction of $886,129.84.
• On Wednesday, October 22nd, Saba Capital Management, L.P. bought 20,540 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $44.77 per share, for a total transaction of $919,575.80.
• On Tuesday, October 21st, Saba Capital Management, L.P. bought 24,550 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $45.20 per share, for a total transaction of $1,109,660.00.
• On Monday, October 20th, Saba Capital Management, L.P. purchased 11,566 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $50.10 per share, with a total value of $579,456.60.

ASA Gold and Precious Metals Stock Performance

ASA stock opened at $44.05 on Wednesday. ASA Gold and Precious Metals Limited has a 1-year low of $19.37 and a 1-year high of $53.76. The business has a fifty day moving average price of $44.02 and a 200-day moving average price of $36.38.

ASA Gold and Precious Metals Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, November 19th. Investors of record on Wednesday, November 12th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a yield of 14.0%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of ASA Gold and Precious Metals in a report on Thursday, October 30th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, ASA Gold and Precious Metals has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new position in shares of ASA Gold and Precious Metals in the 2nd quarter valued at $61,000. Fruth Investment Management purchased a new position in shares of ASA Gold and Precious Metals in the 1st quarter valued at $226,000. Steward Partners Investment Advisory LLC boosted its position in shares of 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. Wealth Enhancement Advisory Services LLC purchased a new position in shares of ASA Gold and Precious Metals in the 2nd quarter valued at approximately $231,000. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of ASA Gold and Precious Metals in the 1st quarter valued at approximately $235,000.

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.