ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Purchases 10,111 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 10,111 shares of the business’s stock in a transaction on Monday, December 29th. The stock was purchased at an average cost of $58.81 per share, with a total value of $594,627.91. Following the acquisition, the insider directly owned 5,375,709 shares of the company’s stock, valued at $316,145,446.29. This represents a 0.19% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more 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 Friday, December 26th, Saba Capital Management, L.P. bought 714 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $61.92 per share, for a total transaction of $44,210.88.
• On Wednesday, December 24th, Saba Capital Management, L.P. bought 467 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $60.76 per share, for a total transaction of $28,374.92.
• On Tuesday, December 23rd, Saba Capital Management, L.P. purchased 2,524 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $61.75 per share, with a total value of $155,857.00.
• On Monday, December 22nd, Saba Capital Management, L.P. acquired 2,760 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $60.85 per share, for a total transaction of $167,946.00.
• On Thursday, December 18th, Saba Capital Management, L.P. acquired 3,881 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $57.52 per share, with a total value of $223,235.12.
• On Wednesday, December 17th, Saba Capital Management, L.P. bought 12,649 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $57.49 per share, with a total value of $727,191.01.
• On Tuesday, December 16th, Saba Capital Management, L.P. bought 5,846 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $57.02 per share, for a total transaction of $333,338.92.
• On Monday, December 15th, Saba Capital Management, L.P. purchased 7,866 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost 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 shares were bought at an average price 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 bought at an average cost of $54.09 per share, for a total transaction of $562,373.73.

ASA Gold and Precious Metals Trading Up 1.3%

Shares of NYSE ASA opened at $60.14 on Wednesday. The company’s 50-day simple moving average is $51.67 and its 200-day simple moving average is $42.64. ASA Gold and Precious Metals Limited has a 52-week low of $20.13 and a 52-week high of $63.02.

Key ASA Gold and Precious Metals News

Here are the key news stories impacting ASA Gold and Precious Metals this week:

• Positive Sentiment: Saba Capital Management, L.P. has been steadily accumulating ASA shares across December (notable buys: 10,111 shares on Dec. 29 at $58.81; multiple earlier purchases including Dec. 23 and Dec. 22). After the latest purchase Saba owns ~5.38M shares (position valued at roughly $316M), signaling continued confidence from a >10% holder. Securities filing
• Positive Sentiment: Weiss Ratings reissued a “Buy (b)” on ASA (Dec. 22), providing an additional analyst support that can attract income/value-focused investors. Weiss Ratings
• Neutral Sentiment: Other institutional moves: several hedge funds and RIAs have either initiated or increased positions in ASA recently (Zazove Associates, Wealth Enhancement Advisory, Sessa Capital, Walleye Capital, Medici Capital), indicating broader institutional interest but not a single dominant new buyer. MarketBeat institutional summary
• Neutral Sentiment: Technicals/volume context: trading has moved ASA toward its 52‑week high (near $63) and the 50‑day/200‑day moving averages sit well below current levels, which can amplify momentum but also raises the prospect of short‑term profit‑taking. See profile and charts for volume and moving averages. MarketBeat stock page

Analysts Set New Price Targets

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

Institutional Trading of ASA Gold and Precious Metals

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

About ASA Gold and Precious Metals

ASA Gold & Precious Metals Limited, trading on the New York Stock Exchange under the ticker ASA, is a closed-end investment company dedicated to providing shareholders with targeted exposure to the precious metals sector. Established in 1959 and domiciled in Guernsey, the company aims to combine dividend income with the potential for long-term capital appreciation by investing in a diversified suite of gold, silver, platinum and palladium assets.

The firm’s core activities involve constructing and managing a portfolio that blends equity positions in precious metals mining companies with direct holdings of physical bullion.