ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Buys $107,049.60 in Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 2,268 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average cost of $47.20 per share, with a total value of $107,049.60. Following the purchase, the insider owned 5,203,734 shares of the company’s stock, valued at $245,616,244.80. This represents a 0.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 Wednesday, November 19th, Saba Capital Management, L.P. bought 10,094 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost 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 purchased 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. purchased 2,550 shares of ASA Gold and Precious Metals stock. The shares were purchased 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. acquired 10,286 shares of ASA Gold and Precious Metals stock. The stock was purchased 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 bought 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. purchased 20,070 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $44.49 per share, with a total value 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 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. purchased 15,847 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $46.10 per share, for a total transaction 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 stock was purchased at an average cost of $45.61 per share, with a total value of $77,537.00.

ASA Gold and Precious Metals Stock Down 4.0%

NYSE ASA traded down $1.91 during trading hours on Thursday, reaching $46.05. The company’s stock had a trading volume of 75,432 shares, compared to its average volume of 96,021. The firm has a fifty day simple moving average of $45.96 and a 200-day simple moving average of $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 Dividend Announcement

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

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. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sessa Capital IM L.P. boosted its stake in shares of 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 valued at $31,647,000 after purchasing an additional 378,327 shares during the last quarter. Almitas Capital LLC bought a new stake in ASA Gold and Precious Metals during the third quarter valued at $15,359,000. Medici Capital LLC bought a new stake in ASA Gold and Precious Metals during the second quarter valued at $5,238,000. Landscape Capital Management L.L.C. acquired a new stake in ASA Gold and Precious Metals during the 3rd quarter worth about $6,411,000. Finally, Cetera Investment Advisers raised its position in shares of ASA Gold and Precious Metals by 223.9% in the 1st quarter. Cetera Investment Advisers now owns 188,855 shares of the investment management company’s stock worth $5,692,000 after acquiring an additional 130,547 shares in 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.