ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Purchases 467 Shares of Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 467 shares of the business’s stock in a transaction dated Wednesday, December 24th. The shares were purchased at an average price of $60.76 per share, with a total value of $28,374.92. Following the purchase, the insider directly owned 5,364,884 shares in the company, valued at $325,970,351.84. This trade represents a 0.01% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 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. acquired 10,111 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $58.81 per share, for a total transaction of $594,627.91.
• On Friday, December 26th, Saba Capital Management, L.P. acquired 714 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $61.92 per share, for a total transaction of $44,210.88.
• On Tuesday, December 23rd, Saba Capital Management, L.P. bought 2,524 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $61.75 per share, with a total value of $155,857.00.
• On Monday, December 22nd, Saba Capital Management, L.P. bought 2,760 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $60.85 per share, with a total value of $167,946.00.
• On Thursday, December 18th, Saba Capital Management, L.P. purchased 3,881 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $57.52 per share, for a total transaction of $223,235.12.
• On Wednesday, December 17th, Saba Capital Management, L.P. acquired 12,649 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $57.49 per share, with a total value of $727,191.01.
• On Tuesday, December 16th, Saba Capital Management, L.P. acquired 5,846 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $57.02 per share, with a total value of $333,338.92.
• On Monday, December 15th, Saba Capital Management, L.P. bought 7,866 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $58.10 per share, for a total transaction of $457,014.60.
• On Friday, December 12th, Saba Capital Management, L.P. bought 13,696 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $57.85 per share, for a total transaction of $792,313.60.
• On Wednesday, December 10th, Saba Capital Management, L.P. purchased 10,397 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $54.09 per share, with a total value of $562,373.73.

ASA Gold and Precious Metals Trading Up 1.3%

NYSE:ASA opened at $60.14 on Wednesday. The business’s fifty day moving average is $51.67 and its 200 day moving average is $42.64. ASA Gold and Precious Metals Limited has a 52-week low of $20.13 and a 52-week high of $63.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ASA. Zazove Associates LLC bought a new position in shares of ASA Gold and Precious Metals in the third quarter worth approximately $811,000. Wealth Enhancement Advisory Services LLC bought a new stake in ASA Gold and Precious Metals during the second quarter valued at approximately $231,000. Sessa Capital IM L.P. grew its stake in ASA Gold and Precious Metals by 56.3% in 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 buying an additional 378,327 shares in the last quarter. Walleye Capital LLC increased 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 buying an additional 7,419 shares during the last quarter. Finally, Medici Capital LLC purchased a new stake in shares of ASA Gold and Precious Metals during the 2nd quarter valued at $5,238,000.

More ASA Gold and Precious Metals News

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

Wall Street Analysts Forecast Growth

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

About ASA Gold and Precious Metals

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.