ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Acquires 10,286 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 10,286 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was purchased at an average price of $47.64 per share, for a total transaction of $490,025.04. Following the purchase, the insider owned 5,180,792 shares of the company’s stock, valued at $246,812,930.88. The trade was a 0.20% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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 Monday, November 10th, Saba Capital Management, L.P. bought 3,994 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $48.35 per share, for a total transaction of $193,109.90.
• On Wednesday, November 5th, Saba Capital Management, L.P. purchased 928 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $44.68 per share, for a total transaction of $41,463.04.
• On Tuesday, November 4th, Saba Capital Management, L.P. purchased 20,070 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $44.49 per share, with a total value of $892,914.30.
• On Monday, November 3rd, Saba Capital Management, L.P. acquired 26,152 shares of ASA Gold and Precious Metals stock. The stock was purchased 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 shares were acquired 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. bought 1,700 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $45.61 per share, with a total value of $77,537.00.
• On Wednesday, October 29th, Saba Capital Management, L.P. bought 9,128 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $45.32 per share, with a total value 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 acquired 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. acquired 28,500 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $44.08 per share, with a total value of $1,256,280.00.
• On Friday, October 24th, Saba Capital Management, L.P. bought 22,335 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $45.97 per share, for a total transaction of $1,026,739.95.

ASA Gold and Precious Metals Stock Performance

NYSE:ASA opened at $50.19 on Thursday. ASA Gold and Precious Metals Limited has a 1 year low of $19.37 and a 1 year high of $53.76. The stock’s fifty day moving average price is $45.15 and its two-hundred day moving average price is $37.05.

ASA Gold and Precious Metals Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, November 19th. Investors of record on Wednesday, November 12th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a yield of 12.0%.

Institutional Investors Weigh In On ASA Gold and Precious Metals

Several large investors have recently added to or reduced their stakes in ASA. Walleye Capital LLC increased its stake in ASA Gold and Precious Metals by 1.4% in the 2nd quarter. Walleye Capital LLC now owns 24,871 shares of the investment management company’s stock worth $785,000 after acquiring an additional 341 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of ASA Gold and Precious Metals by 64.7% during the third quarter. JPMorgan Chase & Co. now owns 3,199 shares of the investment management company’s stock worth $147,000 after purchasing an additional 1,257 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in shares of ASA Gold and Precious Metals by 30.1% in the second quarter. Atria Wealth Solutions Inc. now owns 10,145 shares of the investment management company’s stock worth $320,000 after purchasing an additional 2,350 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its stake in ASA Gold and Precious Metals by 3.0% in the first quarter. Blue Bell Private Wealth Management LLC now owns 116,268 shares of the investment management company’s stock valued at $3,504,000 after purchasing an additional 3,345 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in ASA Gold and Precious Metals by 143.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company’s stock valued at $229,000 after purchasing an additional 4,272 shares in the last quarter.

Wall Street Analyst Weigh In

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