Saba Capital Management, L.P. Purchases 46,649 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. purchased 46,649 shares of ASA Gold and Precious Metals stock in a transaction on Tuesday, October 7th. The stock was purchased at an average price of $46.50 per share, for a total transaction of $2,169,178.50. Following the completion of the transaction, the insider owned 4,703,326 shares of the company’s stock, valued at approximately $218,704,659. This represents a 1.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large 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 Wednesday, October 8th, Saba Capital Management, L.P. bought 23,813 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $48.17 per share, with a total value of $1,147,072.21.
• On Friday, September 19th, Saba Capital Management, L.P. purchased 5,779 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $41.78 per share, with a total value of $241,446.62.
• On Thursday, September 18th, Saba Capital Management, L.P. acquired 9,200 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $40.64 per share, for a total transaction of $373,888.00.
• On Wednesday, September 17th, Saba Capital Management, L.P. acquired 16,670 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $41.30 per share, with a total value of $688,471.00.
• On Tuesday, September 16th, Saba Capital Management, L.P. bought 91,385 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $41.50 per share, with a total value of $3,792,477.50.
• On Monday, September 15th, Saba Capital Management, L.P. purchased 17,256 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $41.39 per share, for a total transaction of $714,225.84.
• On Friday, September 12th, Saba Capital Management, L.P. bought 109,206 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $40.91 per share, with a total value of $4,467,617.46.
• On Thursday, September 11th, Saba Capital Management, L.P. acquired 96,286 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $40.40 per share, with a total value of $3,889,954.40.
• On Wednesday, September 10th, Saba Capital Management, L.P. purchased 19,126 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $40.34 per share, with a total value of $771,542.84.
• On Tuesday, September 9th, Saba Capital Management, L.P. bought 31,225 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $40.06 per share, with a total value of $1,250,873.50.

ASA Gold and Precious Metals Stock Performance

ASA stock opened at $46.60 on Friday. The stock’s 50 day moving average is $39.45 and its 200-day moving average is $33.84. ASA Gold and Precious Metals Limited has a twelve month low of $19.37 and a twelve month high of $49.14.

ASA Gold and Precious Metals Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research note on Wednesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Institutional Investors Weigh In On ASA Gold and Precious Metals

A number of hedge funds have recently modified their holdings of the company. NBC Securities Inc. grew its stake in shares of ASA Gold and Precious Metals by 128,600.0% in the first quarter. NBC Securities Inc. now owns 1,287 shares of the investment management company’s stock worth $38,000 after acquiring an additional 1,286 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of ASA Gold and Precious Metals in the 2nd quarter valued at about $61,000. Wealthcare Advisory Partners LLC purchased a new position in ASA Gold and Precious Metals in the first quarter worth approximately $220,000. Fruth Investment Management acquired a new position in ASA Gold and Precious Metals in the first quarter valued at $226,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of ASA Gold and Precious Metals by 143.4% during the second 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 during the last quarter.

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.