Saba Capital Management, L.P. Purchases 3,730 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. purchased 3,730 shares of the business’s stock in a transaction on Tuesday, January 27th. The stock was purchased at an average price of $73.15 per share, with a total value of $272,849.50. Following the purchase, the insider owned 5,470,492 shares of the company’s stock, valued at approximately $400,166,489.80. The trade was a 0.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more 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 Wednesday, January 28th, Saba Capital Management, L.P. bought 57,165 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $75.32 per share, for a total transaction of $4,305,667.80.
• On Monday, January 26th, Saba Capital Management, L.P. bought 1,400 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $72.90 per share, with a total value of $102,060.00.
• On Tuesday, January 20th, Saba Capital Management, L.P. purchased 3,723 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $66.08 per share, for a total transaction of $246,015.84.
• On Friday, January 16th, Saba Capital Management, L.P. acquired 4,541 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $63.63 per share, with a total value of $288,943.83.
• On Thursday, January 15th, Saba Capital Management, L.P. acquired 4,654 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $63.35 per share, for a total transaction of $294,830.90.
• On Wednesday, January 14th, Saba Capital Management, L.P. acquired 5,000 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $63.82 per share, for a total transaction of $319,100.00.
• On Tuesday, January 13th, Saba Capital Management, L.P. acquired 15,162 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $64.52 per share, with a total value of $978,252.24.
• On Monday, January 12th, Saba Capital Management, L.P. acquired 9,508 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $64.19 per share, for a total transaction of $610,318.52.
• On Thursday, January 8th, Saba Capital Management, L.P. acquired 2,479 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $60.71 per share, for a total transaction of $150,500.09.
• On Friday, January 9th, Saba Capital Management, L.P. acquired 4,152 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $62.03 per share, with a total value of $257,548.56.

ASA Gold and Precious Metals Price Performance

NYSE:ASA traded down $3.50 during trading hours on Thursday, hitting $72.73. 119,220 shares of the company’s stock traded hands, compared to its average volume of 138,599. The business’s fifty day simple moving average is $59.50 and its two-hundred day simple moving average is $47.40. ASA Gold and Precious Metals Limited has a 52 week low of $22.71 and a 52 week high of $78.21.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, ASA Gold and Precious Metals has an average rating of “Buy”.

Institutional Investors Weigh In On ASA Gold and Precious Metals

Hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC purchased a new position in ASA Gold and Precious Metals during the second quarter worth about $231,000. Atria Wealth Solutions Inc. boosted its holdings in shares of ASA Gold and Precious Metals by 30.1% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 10,145 shares of the investment management company’s stock valued at $320,000 after purchasing an additional 2,350 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in shares of ASA Gold and Precious Metals in the 2nd quarter worth $1,213,000. JPMorgan Chase & Co. acquired a new stake in ASA Gold and Precious Metals during the second quarter worth about $61,000. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of ASA Gold and Precious Metals by 143.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company’s stock valued at $229,000 after buying an additional 4,272 shares in 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.