Saba Capital Management, L.P. Buys 9,784 Shares of ASA Gold and Precious Metals (NYSE:ASA) Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. bought 9,784 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were acquired at an average price of $46.94 per share, for a total transaction of $459,260.96. Following the completion of the transaction, the insider owned 5,251,108 shares in the company, valued at $246,487,009.52. This trade represents a 0.19% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 Thursday, November 20th, Saba Capital Management, L.P. purchased 27,496 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $47.41 per share, with a total value of $1,303,585.36.
• On Wednesday, November 19th, Saba Capital Management, L.P. purchased 10,094 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $48.16 per share, for a total transaction of $486,127.04.
• On Tuesday, November 18th, Saba Capital Management, L.P. purchased 2,268 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $47.20 per share, for a total transaction of $107,049.60.
• On Monday, November 17th, Saba Capital Management, L.P. acquired 18,124 shares of ASA Gold and Precious Metals stock. The stock was acquired 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. acquired 2,550 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $49.43 per share, with a total value of $126,046.50.
• On Tuesday, November 11th, Saba Capital Management, L.P. bought 10,286 shares of ASA Gold and Precious Metals stock. The shares were 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. purchased 3,994 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $48.35 per share, for a total transaction of $193,109.90.
• On Wednesday, November 5th, Saba Capital Management, L.P. purchased 928 shares of ASA Gold and Precious Metals stock. The stock was bought 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. acquired 20,070 shares of ASA Gold and Precious Metals stock. The stock was bought 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. bought 26,152 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $46.21 per share, for a total transaction of $1,208,483.92.

ASA Gold and Precious Metals Price Performance

NYSE:ASA opened at $48.85 on Wednesday. ASA Gold and Precious Metals Limited has a fifty-two week low of $19.37 and a fifty-two week high of $53.76. The company has a 50 day simple moving average of $46.47 and a two-hundred day simple moving average of $38.22.

ASA Gold and Precious Metals Dividend Announcement

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

Institutional Investors Weigh In On ASA Gold and Precious Metals

A number of hedge funds have recently added to or reduced their stakes in ASA. Walleye Capital LLC raised its position in shares of ASA Gold and Precious Metals by 1.4% during the second quarter. Walleye Capital LLC now owns 24,871 shares of the investment management company’s stock worth $785,000 after purchasing an additional 341 shares during the period. Integrated Wealth Concepts LLC increased its stake in ASA Gold and Precious Metals by 4.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,110 shares of the investment management company’s stock valued at $738,000 after purchasing an additional 681 shares in the last quarter. Advisory Services Network LLC bought a new stake in ASA Gold and Precious Metals during the 3rd quarter valued at $55,000. JPMorgan Chase & Co. raised its holdings in ASA Gold and Precious Metals by 64.7% during the third quarter. JPMorgan Chase & Co. now owns 3,199 shares of the investment management company’s stock worth $147,000 after buying an additional 1,257 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its stake in shares of ASA Gold and Precious Metals by 30.1% in the second quarter. Atria Wealth Solutions Inc. now owns 10,145 shares of the investment management company’s stock valued at $320,000 after buying an additional 2,350 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b)” rating on shares of ASA Gold and Precious Metals in a report on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

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.