ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Buys 5,846 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 5,846 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were bought at an average cost of $57.02 per share, for a total transaction of $333,338.92. Following the transaction, the insider directly owned 5,342,603 shares in the company, valued at approximately $304,635,223.06. This represents a 0.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, December 17th, Saba Capital Management, L.P. bought 12,649 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $57.49 per share, with a total value of $727,191.01.
• On Monday, December 15th, Saba Capital Management, L.P. purchased 7,866 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $58.10 per share, for a total transaction of $457,014.60.
• On Friday, December 12th, Saba Capital Management, L.P. acquired 13,696 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $57.85 per share, with a total value of $792,313.60.
• On Wednesday, December 10th, Saba Capital Management, L.P. acquired 10,397 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $54.09 per share, with a total value of $562,373.73.
• On Monday, December 8th, Saba Capital Management, L.P. bought 7,542 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $52.40 per share, for a total transaction of $395,200.80.
• On Friday, December 5th, Saba Capital Management, L.P. purchased 8,002 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $53.22 per share, with a total value of $425,866.44.
• On Thursday, December 4th, Saba Capital Management, L.P. purchased 15,408 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $52.87 per share, with a total value of $814,620.96.
• On Wednesday, December 3rd, Saba Capital Management, L.P. acquired 9,576 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $53.37 per share, for a total transaction of $511,071.12.
• On Tuesday, December 2nd, Saba Capital Management, L.P. acquired 8,078 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $52.82 per share, with a total value of $426,679.96.
• On Monday, December 1st, Saba Capital Management, L.P. bought 9,560 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $53.46 per share, with a total value of $511,077.60.

ASA Gold and Precious Metals Stock Down 0.8%

Shares of NYSE ASA opened at $57.19 on Friday. ASA Gold and Precious Metals Limited has a fifty-two week low of $19.46 and a fifty-two week high of $59.25. The firm’s 50-day simple moving average is $49.79 and its 200 day simple moving average is $40.99.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of ASA Gold and Precious Metals in a research report on Monday, December 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Hedge Funds Weigh In On ASA Gold and Precious Metals

A number of hedge funds and other institutional investors have recently modified their holdings of ASA. Advisory Services Network LLC bought a new position in shares of ASA Gold and Precious Metals in the third quarter valued at approximately $55,000. Integrated Wealth Concepts LLC boosted its position in ASA Gold and Precious Metals by 4.4% in the third quarter. Integrated Wealth Concepts LLC now owns 16,110 shares of the investment management company’s stock worth $738,000 after purchasing an additional 681 shares during the last quarter. Almitas Capital LLC bought a new position in ASA Gold and Precious Metals in the 3rd quarter valued at $15,359,000. Landscape Capital Management L.L.C. purchased a new stake in shares of ASA Gold and Precious Metals during the 3rd quarter valued at $6,411,000. Finally, Private Advisor Group LLC raised its stake in shares of ASA Gold and Precious Metals by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 84,157 shares of the investment management company’s stock worth $3,854,000 after purchasing an additional 2,622 shares during the period.

About ASA Gold and Precious Metals

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.