ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Purchases $193,109.90 in Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. bought 3,994 shares of ASA Gold and Precious Metals stock in a transaction dated Monday, November 10th. The shares were bought at an average cost of $48.35 per share, for a total transaction of $193,109.90. Following the completion of the transaction, the insider owned 5,170,506 shares of the company’s stock, valued at approximately $249,993,965.10. This trade represents a 0.08% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% 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 Tuesday, November 11th, Saba Capital Management, L.P. acquired 10,286 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $47.64 per share, for a total transaction of $490,025.04.
• 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, with a total value of $41,463.04.
• On Tuesday, November 4th, Saba Capital Management, L.P. purchased 20,070 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $44.49 per share, for a total transaction of $892,914.30.
• On Monday, November 3rd, Saba Capital Management, L.P. acquired 26,152 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $46.21 per share, with a total value of $1,208,483.92.
• On Friday, October 31st, Saba Capital Management, L.P. bought 15,847 shares of ASA Gold and Precious Metals stock. The shares were acquired 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. purchased 1,700 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $45.61 per share, with a total value of $77,537.00.
• On Wednesday, October 29th, Saba Capital Management, L.P. purchased 9,128 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $45.32 per share, with a total value of $413,680.96.
• On Tuesday, October 28th, Saba Capital Management, L.P. acquired 12,847 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $45.32 per share, for a total transaction of $582,226.04.
• On Monday, October 27th, Saba Capital Management, L.P. bought 28,500 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $44.08 per share, with a total value of $1,256,280.00.
• On Friday, October 24th, Saba Capital Management, L.P. purchased 22,335 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $45.97 per share, for a total transaction of $1,026,739.95.

ASA Gold and Precious Metals Trading Up 4.9%

Shares of ASA traded up $2.33 during trading hours on Wednesday, hitting $50.23. The company had a trading volume of 36,696 shares, compared to its average volume of 96,775. The company’s fifty day moving average price is $44.92 and its two-hundred day moving average price is $36.96. ASA Gold and Precious Metals Limited has a one year low of $19.37 and a one year high of $53.76.

ASA Gold and Precious Metals Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th will be paid a $0.03 dividend. The ex-dividend date is Wednesday, November 12th. This represents a yield of 12.0%.

Institutional Trading of ASA Gold and Precious Metals

Several large investors have recently made changes to their positions in ASA. Sessa Capital IM L.P. lifted its position in ASA Gold and Precious Metals by 56.3% during the first quarter. Sessa Capital IM L.P. now owns 1,050,000 shares of the investment management company’s stock valued at $31,647,000 after purchasing an additional 378,327 shares during the period. Medici Capital LLC acquired a new stake in shares of ASA Gold and Precious Metals during the 2nd quarter worth approximately $5,238,000. Cetera Investment Advisers boosted its holdings in ASA Gold and Precious Metals by 223.9% during the first quarter. Cetera Investment Advisers now owns 188,855 shares of the investment management company’s stock worth $5,692,000 after buying an additional 130,547 shares in the last quarter. Sprott Inc. increased its holdings in ASA Gold and Precious Metals by 74.9% in the first quarter. Sprott Inc. now owns 280,183 shares of the investment management company’s stock valued at $8,445,000 after buying an additional 120,000 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in shares of ASA Gold and Precious Metals during the 2nd quarter worth about $1,213,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of ASA Gold and Precious Metals in a research report on Thursday, October 30th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average 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.