ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Buys 12,649 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 12,649 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were bought at an average price of $57.49 per share, with a total value of $727,191.01. Following the purchase, the insider owned 5,355,252 shares in the company, valued at $307,873,437.48. This represents a 0.24% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% 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 Tuesday, December 16th, Saba Capital Management, L.P. bought 5,846 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $57.02 per share, with a total value of $333,338.92.
• On Monday, December 15th, Saba Capital Management, L.P. bought 7,866 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $58.10 per share, with a total value of $457,014.60.
• On Friday, December 12th, Saba Capital Management, L.P. purchased 13,696 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $57.85 per share, for a total transaction 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 stock was purchased at an average price of $54.09 per share, with a total value of $562,373.73.
• On Monday, December 8th, Saba Capital Management, L.P. bought 7,542 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $52.40 per share, for a total transaction of $395,200.80.
• On Friday, December 5th, Saba Capital Management, L.P. purchased 8,002 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $53.22 per share, with a total value of $425,866.44.
• On Thursday, December 4th, Saba Capital Management, L.P. purchased 15,408 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $52.87 per share, for a total transaction of $814,620.96.
• On Wednesday, December 3rd, Saba Capital Management, L.P. bought 9,576 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $53.37 per share, for a total transaction of $511,071.12.
• On Tuesday, December 2nd, Saba Capital Management, L.P. purchased 8,078 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $52.82 per share, for a total transaction of $426,679.96.
• On Monday, December 1st, Saba Capital Management, L.P. purchased 9,560 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $53.46 per share, with a total value of $511,077.60.

ASA Gold and Precious Metals Stock Up 0.7%

Shares of ASA traded up $0.43 during mid-day trading on Thursday, hitting $58.06. The company’s stock had a trading volume of 38,906 shares, compared to its average volume of 94,770. The stock’s 50-day moving average is $49.58 and its two-hundred day moving average is $40.87. ASA Gold and Precious Metals Limited has a one year low of $19.46 and a one year high of $59.25.

ASA Gold and Precious Metals Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 12th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a dividend yield of 12.0%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b+)” rating on shares of ASA Gold and Precious Metals in a research note on Monday, December 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Hedge funds have recently made changes to their positions in the business. Walleye Capital LLC increased its stake in ASA Gold and Precious Metals by 1.4% in the second 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 in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of ASA Gold and Precious Metals by 4.4% in the 3rd 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 during the period. Advisory Services Network LLC bought a new stake in shares of ASA Gold and Precious Metals in the 3rd quarter valued at $55,000. JPMorgan Chase & Co. increased its position in shares of ASA Gold and Precious Metals by 64.7% in the 3rd 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 in the last quarter. Finally, Atria Wealth Solutions Inc. raised its stake in ASA Gold and Precious Metals by 30.1% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 10,145 shares of the investment management company’s stock worth $320,000 after buying an additional 2,350 shares during the period.

ASA Gold and Precious Metals Company Profile

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.