ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Purchases $858,171.40 in Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. bought 18,124 shares of ASA Gold and Precious Metals stock in a transaction that occurred on Monday, November 17th. The stock was bought at an average price of $47.35 per share, for a total transaction of $858,171.40. Following the completion of the acquisition, the insider directly owned 5,201,466 shares of the company’s stock, valued at $246,289,415.10. The trade was a 0.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more 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 Thursday, November 13th, Saba Capital Management, L.P. purchased 2,550 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $49.43 per share, for a total transaction of $126,046.50.
• On Tuesday, November 11th, Saba Capital Management, L.P. acquired 10,286 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $47.64 per share, for a total transaction of $490,025.04.
• On Monday, November 10th, Saba Capital Management, L.P. acquired 3,994 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $48.35 per share, with a total value of $193,109.90.
• On Wednesday, November 5th, Saba Capital Management, L.P. bought 928 shares of ASA Gold and Precious Metals stock. The shares were purchased 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. purchased 20,070 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $44.49 per share, for a total transaction 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 acquired 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 stock was 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 cost of $45.61 per share, with a total value of $77,537.00.
• On Wednesday, October 29th, Saba Capital Management, L.P. purchased 9,128 shares of ASA Gold and Precious Metals stock. The stock was acquired 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. acquired 12,847 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $45.32 per share, with a total value of $582,226.04.

ASA Gold and Precious Metals Stock Up 1.4%

NYSE ASA traded up $0.67 on Tuesday, hitting $47.55. 56,138 shares of the company were exchanged, compared to its average volume of 96,331. The stock has a fifty day moving average of $45.81 and a 200-day moving average of $37.62. 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. Shareholders of record on Wednesday, November 12th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, November 12th. This represents a yield of 12.0%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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 stock currently has a consensus rating of “Buy”.

Institutional Investors Weigh In On ASA Gold and Precious Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASA. Advisory Services Network LLC bought a new position in shares of ASA Gold and Precious Metals during the 3rd quarter worth approximately $55,000. Integrated Wealth Concepts LLC increased its position in shares of ASA Gold and Precious Metals by 4.4% during the third quarter. Integrated Wealth Concepts LLC now owns 16,110 shares of the investment management company’s stock valued at $738,000 after acquiring an additional 681 shares during the last quarter. Almitas Capital LLC bought a new stake in ASA Gold and Precious Metals during the third quarter worth $15,359,000. Landscape Capital Management L.L.C. bought a new stake in ASA Gold and Precious Metals during the third quarter worth $6,411,000. Finally, Private Advisor Group LLC boosted its position in ASA Gold and Precious Metals by 3.2% in the third quarter. Private Advisor Group LLC now owns 84,157 shares of the investment management company’s stock worth $3,854,000 after purchasing an additional 2,622 shares during the last quarter.

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.