ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Acquires 25,939 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 25,939 shares of the company’s stock in a transaction on Monday, February 9th. The stock was acquired at an average price of $69.99 per share, with a total value of $1,815,470.61. Following the purchase, the insider directly owned 5,667,185 shares in the company, valued at approximately $396,646,278.15. This represents a 0.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% 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 Tuesday, February 10th, Saba Capital Management, L.P. bought 62,201 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $71.10 per share, for a total transaction of $4,422,491.10.
• On Friday, February 6th, Saba Capital Management, L.P. purchased 15,796 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $65.91 per share, with a total value of $1,041,114.36.
• On Thursday, February 5th, Saba Capital Management, L.P. purchased 15,423 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $64.31 per share, with a total value of $991,853.13.
• On Wednesday, February 4th, Saba Capital Management, L.P. purchased 6,788 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $66.45 per share, for a total transaction of $451,062.60.
• On Tuesday, February 3rd, Saba Capital Management, L.P. acquired 28,333 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $66.14 per share, with a total value of $1,873,944.62.
• On Monday, February 2nd, Saba Capital Management, L.P. bought 8,466 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $64.27 per share, with a total value of $544,109.82.
• On Friday, January 30th, Saba Capital Management, L.P. bought 21,708 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $65.56 per share, for a total transaction of $1,423,176.48.
• On Thursday, January 29th, Saba Capital Management, L.P. purchased 17,075 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $74.59 per share, for a total transaction of $1,273,624.25.
• On Wednesday, January 28th, Saba Capital Management, L.P. acquired 57,165 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $75.32 per share, with a total value of $4,305,667.80.
• On Tuesday, January 27th, Saba Capital Management, L.P. acquired 3,730 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $73.15 per share, for a total transaction of $272,849.50.

ASA Gold and Precious Metals Price Performance

ASA stock opened at $72.29 on Thursday. The company’s 50-day moving average price is $62.97 and its two-hundred day moving average price is $49.83. ASA Gold and Precious Metals Limited has a 12 month low of $23.93 and a 12 month high of $78.21.

Institutional Investors Weigh In On ASA Gold and Precious Metals

A number of hedge funds have recently made changes to their positions in the stock. Walleye Capital LLC grew its holdings in shares of ASA Gold and Precious Metals by 1.4% during the 2nd quarter. Walleye Capital LLC now owns 24,871 shares of the investment management company’s stock valued at $785,000 after purchasing an additional 341 shares during the last quarter. WHI TRUST Co LLC acquired a new stake in ASA Gold and Precious Metals in the fourth quarter valued at approximately $30,000. 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 valued at $738,000 after buying an additional 681 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of ASA Gold and Precious Metals during the third quarter worth $55,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of ASA Gold and Precious Metals by 64.7% during the third quarter. JPMorgan Chase & Co. now owns 3,199 shares of the investment management company’s stock worth $147,000 after buying an additional 1,257 shares in the last quarter.

Analysts Set New Price Targets

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 investment analyst has rated the stock with a Buy rating, According to MarketBeat, ASA Gold and Precious Metals has a consensus rating of “Buy”.

More ASA Gold and Precious Metals News

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

• Positive Sentiment: Saba Capital bought 62,201 shares on Feb. 10 at an average price of $71.10, increasing its position by ~1.10% and pushing its holding to roughly 5.73M shares — a clear vote of confidence from a large holder. Read More.
• Positive Sentiment: The Feb. 10 purchase follows multiple earlier buys (Feb. 9: 25,939 shares at $69.99; Feb. 5 and several late‑Jan purchases), showing sustained accumulation rather than a one‑off trade — this sustained buying likely supports short‑term momentum. Read More.
• Neutral Sentiment: Saba now holds a large, concentrated stake (reported value ≈$407M). That concentration can lift the stock while they buy, but it also means future selling by Saba could exert downward pressure; monitor subsequent SEC filings for changes. Read More.
• Neutral Sentiment: Technical/context: ASA is trading above its 50‑day (~$62.6) and 200‑day (~$49.7) moving averages and remains nearer its 52‑week high than low — technicals favor further upside if flows continue. Trading volume is slightly above average, consistent with the insider activity. Read More.

ASA Gold and Precious Metals Company Profile

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.