Insider Buying: ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Acquires 10,111 Shares of Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 10,111 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The stock was bought at an average price of $58.81 per share, with a total value of $594,627.91. Following the acquisition, the insider directly owned 5,375,709 shares of the company’s stock, valued at $316,145,446.29. The trade was a 0.19% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large 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 Friday, December 26th, Saba Capital Management, L.P. bought 714 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $61.92 per share, with a total value of $44,210.88.
• On Wednesday, December 24th, Saba Capital Management, L.P. purchased 467 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $60.76 per share, for a total transaction of $28,374.92.
• On Tuesday, December 23rd, Saba Capital Management, L.P. acquired 2,524 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $61.75 per share, for a total transaction of $155,857.00.
• On Monday, December 22nd, Saba Capital Management, L.P. acquired 2,760 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $60.85 per share, with a total value of $167,946.00.
• On Thursday, December 18th, Saba Capital Management, L.P. bought 3,881 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $57.52 per share, with a total value of $223,235.12.
• On Wednesday, December 17th, Saba Capital Management, L.P. bought 12,649 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $57.49 per share, for a total transaction of $727,191.01.
• On Tuesday, December 16th, Saba Capital Management, L.P. purchased 5,846 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $57.02 per share, for a total transaction of $333,338.92.
• On Monday, December 15th, Saba Capital Management, L.P. acquired 7,866 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $58.10 per share, with a total value of $457,014.60.
• On Friday, December 12th, Saba Capital Management, L.P. acquired 13,696 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $57.85 per share, for a total transaction of $792,313.60.
• On Wednesday, December 10th, Saba Capital Management, L.P. bought 10,397 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $54.09 per share, for a total transaction of $562,373.73.

ASA Gold and Precious Metals Stock Up 1.3%

NYSE:ASA traded up $0.75 on Tuesday, reaching $60.14. The company’s stock had a trading volume of 93,428 shares, compared to its average volume of 98,938. ASA Gold and Precious Metals Limited has a 1-year low of $20.13 and a 1-year high of $63.02. The business’s 50-day moving average price is $51.67 and its two-hundred day moving average price is $42.64.

Institutional Investors Weigh In On ASA Gold and Precious Metals

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sessa Capital IM L.P. grew its stake 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 worth $31,647,000 after acquiring an additional 378,327 shares in the last quarter. Almitas Capital LLC acquired a new position in ASA Gold and Precious Metals during the third quarter worth $15,359,000. Medici Capital LLC bought a new position in ASA Gold and Precious Metals in the second quarter valued at $5,238,000. Landscape Capital Management L.L.C. bought a new position in ASA Gold and Precious Metals in the third quarter valued at $6,411,000. Finally, Blue Bell Private Wealth Management LLC lifted its position in ASA Gold and Precious Metals by 9.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 138,355 shares of the investment management company’s stock worth $6,337,000 after buying an additional 11,808 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

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.