ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Buys 10,094 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 10,094 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were bought at an average price of $48.16 per share, for a total transaction of $486,127.04. Following the completion of the purchase, the insider owned 5,213,828 shares of the company’s stock, valued at approximately $251,097,956.48. This represents a 0.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large 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 Tuesday, November 18th, Saba Capital Management, L.P. bought 2,268 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $47.20 per share, with a total value of $107,049.60.
• On Monday, November 17th, Saba Capital Management, L.P. bought 18,124 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $47.35 per share, for a total transaction of $858,171.40.
• On Thursday, November 13th, Saba Capital Management, L.P. purchased 2,550 shares of ASA Gold and Precious Metals stock. The shares were bought 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. purchased 10,286 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $47.64 per share, with a total value 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 stock was bought 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, for a total transaction of $41,463.04.
• On Tuesday, November 4th, Saba Capital Management, L.P. bought 20,070 shares of ASA Gold and Precious Metals stock. The stock was 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. purchased 26,152 shares of ASA Gold and Precious Metals stock. The shares were 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. purchased 15,847 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $46.10 per share, for a total transaction of $730,546.70.
• On Thursday, October 30th, Saba Capital Management, L.P. acquired 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.

ASA Gold and Precious Metals Stock Down 3.0%

Shares of ASA opened at $46.54 on Friday. The firm’s 50 day moving average is $46.07 and its 200-day moving average is $37.75. 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 Dividend Announcement

The business also recently declared a semi-annual dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a dividend yield of 12.0%.

Institutional Investors Weigh In On ASA Gold and Precious Metals

Institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new stake in shares of ASA Gold and Precious Metals during the third quarter worth approximately $55,000. Integrated Wealth Concepts LLC lifted its position in ASA Gold and Precious Metals by 4.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,110 shares of the investment management company’s stock worth $738,000 after buying an additional 681 shares in the last quarter. Almitas Capital LLC purchased a new stake in ASA Gold and Precious Metals in the 3rd quarter worth approximately $15,359,000. Landscape Capital Management L.L.C. acquired a new stake in shares of ASA Gold and Precious Metals during the 3rd quarter valued at $6,411,000. Finally, Private Advisor Group LLC grew its holdings in shares of ASA Gold and Precious Metals by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 84,157 shares of the investment management company’s stock valued at $3,854,000 after acquiring an additional 2,622 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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, According to MarketBeat, the company currently has an average rating of “Buy”.

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.