ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Acquires 2,268 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. bought 2,268 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average price of $47.20 per share, for a total transaction of $107,049.60. Following the acquisition, the insider directly owned 5,203,734 shares in the company, valued at $245,616,244.80. This trade represents a 0.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, November 19th, Saba Capital Management, L.P. acquired 10,094 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $48.16 per share, for a total transaction of $486,127.04.
• On Monday, November 17th, Saba Capital Management, L.P. bought 18,124 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $47.35 per share, with a total value of $858,171.40.
• On Thursday, November 13th, Saba Capital Management, L.P. bought 2,550 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $49.43 per share, with a total value 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, 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 stock was purchased at an average price 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 cost of $44.49 per share, for a total transaction 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 stock was purchased 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. acquired 1,700 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $45.61 per share, for a total transaction of $77,537.00.

ASA Gold and Precious Metals Stock Performance

Shares of ASA traded down $1.91 during trading hours on Thursday, hitting $46.05. 75,432 shares of the company were exchanged, compared to its average volume of 96,021. The firm’s 50 day moving average is $45.96 and its 200-day moving average is $37.69. ASA Gold and Precious Metals Limited has a 52 week low of $19.37 and a 52 week high of $53.76.

ASA Gold and Precious Metals Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of ASA Gold and Precious Metals in a report on Wednesday. One research 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”.

Hedge Funds Weigh In On ASA Gold and Precious Metals

A number of large investors have recently modified their holdings of the business. Advisory Services Network LLC acquired a new stake in shares of ASA Gold and Precious Metals in the 3rd quarter valued at approximately $55,000. JPMorgan Chase & Co. acquired a new stake in ASA Gold and Precious Metals in the second quarter valued at $61,000. Savant Capital LLC acquired a new stake in ASA Gold and Precious Metals in the third quarter valued at $220,000. Fruth Investment Management bought a new position in shares of ASA Gold and Precious Metals in the 1st quarter valued at about $226,000. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of ASA Gold and Precious Metals by 143.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company’s stock worth $229,000 after purchasing an additional 4,272 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.