ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Acquires 62,201 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. bought 62,201 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was purchased at an average cost of $71.10 per share, for a total transaction of $4,422,491.10. Following the transaction, the insider owned 5,729,386 shares in the company, valued at $407,359,344.60. The trade was a 1.10% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, February 9th, Saba Capital Management, L.P. purchased 25,939 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $69.99 per share, with a total value of $1,815,470.61.
• On Friday, February 6th, Saba Capital Management, L.P. purchased 15,796 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $65.91 per share, with a total value of $1,041,114.36.
• On Thursday, February 5th, Saba Capital Management, L.P. acquired 15,423 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $64.31 per share, for a total transaction of $991,853.13.
• On Wednesday, February 4th, Saba Capital Management, L.P. acquired 6,788 shares of ASA Gold and Precious Metals stock. The stock was acquired 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. bought 28,333 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price 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 stock was acquired at an average cost of $64.27 per share, with a total value of $544,109.82.
• On Friday, January 30th, Saba Capital Management, L.P. purchased 21,708 shares of ASA Gold and Precious Metals stock. The shares were acquired 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. acquired 17,075 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $74.59 per share, with a total value 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 stock was bought at an average price of $75.32 per share, with a total value of $4,305,667.80.
• On Tuesday, January 27th, Saba Capital Management, L.P. bought 3,730 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $73.15 per share, for a total transaction of $272,849.50.

ASA Gold and Precious Metals Trading Up 1.1%

ASA opened at $72.29 on Thursday. The business’s 50-day simple moving average is $62.97 and its 200 day simple moving average is $49.83. ASA Gold and Precious Metals Limited has a 52-week low of $23.93 and a 52-week high of $78.21.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Walleye Capital LLC boosted its holdings in ASA Gold and Precious Metals by 1.4% in 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 period. WHI TRUST Co LLC bought a new position in shares of ASA Gold and Precious Metals during the fourth quarter worth approximately $30,000. Integrated Wealth Concepts LLC raised its position in shares of 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 in the third quarter valued at approximately $55,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of ASA Gold and Precious Metals by 64.7% in the third quarter. JPMorgan Chase & Co. now owns 3,199 shares of the investment management company’s stock valued at $147,000 after buying an additional 1,257 shares during the period.

ASA Gold and Precious Metals News Summary

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.