ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Buys 714 Shares of Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 714 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The stock was purchased at an average cost of $61.92 per share, for a total transaction of $44,210.88. Following the acquisition, the insider owned 5,365,598 shares in the company, valued at approximately $332,237,828.16. This trade represents a 0.01% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, December 29th, Saba Capital Management, L.P. bought 10,111 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $58.81 per share, with a total value of $594,627.91.
• On Wednesday, December 24th, Saba Capital Management, L.P. purchased 467 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $60.76 per share, for a total transaction of $28,374.92.
• On Tuesday, December 23rd, Saba Capital Management, L.P. purchased 2,524 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $61.75 per share, for a total transaction of $155,857.00.
• On Monday, December 22nd, Saba Capital Management, L.P. acquired 2,760 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $60.85 per share, with a total value of $167,946.00.
• On Thursday, December 18th, Saba Capital Management, L.P. bought 3,881 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $57.52 per share, for a total transaction of $223,235.12.
• On Wednesday, December 17th, Saba Capital Management, L.P. bought 12,649 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $57.49 per share, for a total transaction of $727,191.01.
• On Tuesday, December 16th, Saba Capital Management, L.P. bought 5,846 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $57.02 per share, for a total transaction of $333,338.92.
• On Monday, December 15th, Saba Capital Management, L.P. purchased 7,866 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $58.10 per share, with a total value of $457,014.60.
• On Friday, December 12th, Saba Capital Management, L.P. purchased 13,696 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $57.85 per share, for a total transaction of $792,313.60.
• On Wednesday, December 10th, Saba Capital Management, L.P. acquired 10,397 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $54.09 per share, with a total value of $562,373.73.

ASA Gold and Precious Metals Trading Up 1.3%

Shares of ASA opened at $60.14 on Wednesday. The firm has a 50-day moving average price of $51.67 and a 200 day moving average price of $42.64. ASA Gold and Precious Metals Limited has a 52-week low of $20.13 and a 52-week high of $63.02.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Several large investors have recently made changes to their positions in ASA. Zazove Associates LLC acquired a new position in ASA Gold and Precious Metals in the third quarter worth approximately $811,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of ASA Gold and Precious Metals during the 2nd quarter worth $231,000. Sessa Capital IM L.P. boosted its stake 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 worth $31,647,000 after acquiring an additional 378,327 shares in the last quarter. Walleye Capital LLC grew its holdings in shares of ASA Gold and Precious Metals by 43.4% in the 1st quarter. Walleye Capital LLC now owns 24,530 shares of the investment management company’s stock worth $739,000 after acquiring an additional 7,419 shares during the last quarter. Finally, Medici Capital LLC acquired a new stake in shares of ASA Gold and Precious Metals during the second quarter worth $5,238,000.

Analyst Ratings Changes

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

Trending Headlines about ASA Gold and Precious Metals

Here are the key news stories impacting ASA Gold and Precious Metals this week:

• Positive Sentiment: Saba Capital Management, L.P. has been steadily accumulating ASA shares across December (notable buys: 10,111 shares on Dec. 29 at $58.81; multiple earlier purchases including Dec. 23 and Dec. 22). After the latest purchase Saba owns ~5.38M shares (position valued at roughly $316M), signaling continued confidence from a >10% holder. Securities filing
• Positive Sentiment: Weiss Ratings reissued a “Buy (b)” on ASA (Dec. 22), providing an additional analyst support that can attract income/value-focused investors. Weiss Ratings
• Neutral Sentiment: Other institutional moves: several hedge funds and RIAs have either initiated or increased positions in ASA recently (Zazove Associates, Wealth Enhancement Advisory, Sessa Capital, Walleye Capital, Medici Capital), indicating broader institutional interest but not a single dominant new buyer. MarketBeat institutional summary
• Neutral Sentiment: Technicals/volume context: trading has moved ASA toward its 52?week high (near $63) and the 50?day/200?day moving averages sit well below current levels, which can amplify momentum but also raises the prospect of short?term profit?taking. See profile and charts for volume and moving averages. MarketBeat stock page

ASA Gold and Precious Metals Company Profile

ASA Gold & Precious Metals Limited, trading on the New York Stock Exchange under the ticker ASA, is a closed-end investment company dedicated to providing shareholders with targeted exposure to the precious metals sector. Established in 1959 and domiciled in Guernsey, the company aims to combine dividend income with the potential for long-term capital appreciation by investing in a diversified suite of gold, silver, platinum and palladium assets.

The firm’s core activities involve constructing and managing a portfolio that blends equity positions in precious metals mining companies with direct holdings of physical bullion.