Saba Capital Management, L.P. Purchases 3,994 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 3,994 shares of the company’s stock in a transaction on Monday, November 10th. The shares were acquired at an average cost of $48.35 per share, for a total transaction of $193,109.90. Following the completion of the acquisition, the insider owned 5,170,506 shares of the company’s stock, valued at approximately $249,993,965.10. The trade was a 0.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, November 11th, Saba Capital Management, L.P. purchased 10,286 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $47.64 per share, for a total transaction of $490,025.04.
• On Wednesday, November 5th, Saba Capital Management, L.P. acquired 928 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $44.68 per share, with a total value of $41,463.04.
• On Tuesday, November 4th, Saba Capital Management, L.P. acquired 20,070 shares of ASA Gold and Precious Metals stock. The stock was acquired 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. bought 26,152 shares of ASA Gold and Precious Metals stock. The shares were bought 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. purchased 15,847 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $46.10 per share, with a total value of $730,546.70.
• On Thursday, October 30th, Saba Capital Management, L.P. purchased 1,700 shares of ASA Gold and Precious Metals stock. The stock was bought 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. acquired 9,128 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $45.32 per share, for a total transaction of $413,680.96.
• On Tuesday, October 28th, Saba Capital Management, L.P. bought 12,847 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $45.32 per share, with a total value 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 bought 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 stock was purchased at an average cost of $45.97 per share, for a total transaction of $1,026,739.95.

ASA Gold and Precious Metals Stock Down 2.6%

Shares of NYSE:ASA opened at $48.90 on Friday. The company has a 50 day moving average of $45.36 and a 200 day moving average of $37.13. ASA Gold and Precious Metals Limited has a 12 month low of $19.37 and a 12 month high of $53.76.

ASA Gold and Precious Metals Announces Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 12th will be given a dividend of $0.03 per share. This represents a dividend yield of 12.0%. The ex-dividend date is Wednesday, November 12th.

Analyst Ratings Changes

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

Hedge Funds Weigh In On ASA Gold and Precious Metals

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sessa Capital IM L.P. increased its position in shares of 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 during the last quarter. Medici Capital LLC purchased a new stake in ASA Gold and Precious Metals in the second quarter worth approximately $5,238,000. Landscape Capital Management L.L.C. purchased a new stake in ASA Gold and Precious Metals in the third quarter worth approximately $6,411,000. Cetera Investment Advisers grew its position in ASA Gold and Precious Metals by 223.9% during the first quarter. Cetera Investment Advisers now owns 188,855 shares of the investment management company’s stock valued at $5,692,000 after acquiring an additional 130,547 shares during the last quarter. Finally, Sprott Inc. grew its position in ASA Gold and Precious Metals by 74.9% during the first quarter. Sprott Inc. now owns 280,183 shares of the investment management company’s stock valued at $8,445,000 after acquiring an additional 120,000 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.