ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Acquires 23,813 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 23,813 shares of the company’s stock in a transaction on Wednesday, October 8th. The stock was acquired at an average price of $48.17 per share, with a total value of $1,147,072.21. Following the purchase, the insider directly owned 4,727,139 shares in the company, valued at approximately $227,706,285.63. This represents a 0.51% 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, October 7th, Saba Capital Management, L.P. acquired 46,649 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $46.50 per share, with a total value of $2,169,178.50.
• On Friday, September 19th, Saba Capital Management, L.P. acquired 5,779 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $41.78 per share, with a total value of $241,446.62.
• On Thursday, September 18th, Saba Capital Management, L.P. acquired 9,200 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $40.64 per share, with a total value of $373,888.00.
• On Wednesday, September 17th, Saba Capital Management, L.P. acquired 16,670 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $41.30 per share, with a total value of $688,471.00.
• On Tuesday, September 16th, Saba Capital Management, L.P. acquired 91,385 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $41.50 per share, with a total value of $3,792,477.50.
• On Monday, September 15th, Saba Capital Management, L.P. acquired 17,256 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $41.39 per share, with a total value of $714,225.84.
• On Friday, September 12th, Saba Capital Management, L.P. acquired 109,206 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $40.91 per share, with a total value of $4,467,617.46.
• On Thursday, September 11th, Saba Capital Management, L.P. acquired 96,286 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $40.40 per share, with a total value of $3,889,954.40.
• On Wednesday, September 10th, Saba Capital Management, L.P. acquired 19,126 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $40.34 per share, with a total value of $771,542.84.
• On Tuesday, September 9th, Saba Capital Management, L.P. bought 31,225 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $40.06 per share, with a total value of $1,250,873.50.

ASA Gold and Precious Metals Stock Performance

Shares of NYSE:ASA opened at $46.60 on Friday. The firm has a 50 day moving average of $39.45 and a 200-day moving average of $33.84. ASA Gold and Precious Metals Limited has a 12 month low of $19.37 and a 12 month high of $49.14.

ASA Gold and Precious Metals Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 12th will be given a $0.03 dividend. The ex-dividend date is Wednesday, November 12th. This represents a dividend yield of 14.0%.

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 Wednesday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Institutional Investors Weigh In On ASA Gold and Precious Metals

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealthcare Advisory Partners LLC bought a new stake in shares of ASA Gold and Precious Metals during the 1st quarter valued at approximately $220,000. Atria Wealth Solutions Inc. bought a new stake in shares of ASA Gold and Precious Metals during the 1st quarter valued at approximately $235,000. Cetera Investment Advisers grew its holdings in shares of ASA Gold and Precious Metals by 223.9% during the 1st quarter. Cetera Investment Advisers now owns 188,855 shares of the investment management company’s stock valued at $5,692,000 after purchasing an additional 130,547 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of ASA Gold and Precious Metals by 57.7% during the 1st quarter. Private Advisor Group LLC now owns 82,054 shares of the investment management company’s stock valued at $2,473,000 after purchasing an additional 30,024 shares during the last quarter. Finally, Sessa Capital IM L.P. grew its holdings in shares of ASA Gold and Precious Metals by 56.3% during the 1st quarter. Sessa Capital IM L.P. now owns 1,050,000 shares of the investment management company’s stock valued at $31,647,000 after purchasing an additional 378,327 shares during the last quarter.

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.