Saba Capital Management, L.P. Acquires 714 Shares of ASA Gold and Precious Metals (NYSE:ASA) Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 714 shares of the firm’s stock in a transaction that occurred on Friday, December 26th. The shares were acquired at an average cost of $61.92 per share, with a total value of $44,210.88. Following the completion of the purchase, the insider directly owned 5,365,598 shares in the company, valued at $332,237,828.16. The trade was a 0.01% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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, December 29th, Saba Capital Management, L.P. acquired 10,111 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $58.81 per share, for a total transaction of $594,627.91.
• On Wednesday, December 24th, Saba Capital Management, L.P. bought 467 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $60.76 per share, with a total value of $28,374.92.
• On Tuesday, December 23rd, Saba Capital Management, L.P. purchased 2,524 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $61.75 per share, for a total transaction of $155,857.00.
• On Monday, December 22nd, Saba Capital Management, L.P. purchased 2,760 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $60.85 per share, for a total transaction of $167,946.00.
• On Thursday, December 18th, Saba Capital Management, L.P. acquired 3,881 shares of ASA Gold and Precious Metals stock. The stock was bought 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 shares were acquired at an average cost 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 stock was acquired 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. acquired 7,866 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $58.10 per share, for a total transaction 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 stock was acquired at an average cost of $57.85 per share, with a total value 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 bought at an average cost of $54.09 per share, for a total transaction of $562,373.73.

ASA Gold and Precious Metals Trading Up 1.3%

Shares of ASA traded up $0.75 during trading hours on Tuesday, hitting $60.14. The company had a trading volume of 93,428 shares, compared to its average volume of 98,938. ASA Gold and Precious Metals Limited has a one year low of $20.13 and a one year high of $63.02. The company’s fifty day moving average price is $51.67 and its two-hundred day moving average price is $42.64.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On ASA Gold and Precious Metals

Several hedge funds and other institutional investors have recently modified their holdings of the business. Walleye Capital LLC boosted its position in ASA Gold and Precious Metals by 1.4% during the second quarter. Walleye Capital LLC now owns 24,871 shares of the investment management company’s stock worth $785,000 after acquiring an additional 341 shares during the last quarter. Integrated Wealth Concepts LLC raised 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 purchasing an additional 681 shares during the period. Advisory Services Network LLC acquired a new position in shares of ASA Gold and Precious Metals in the 3rd quarter valued at $55,000. JPMorgan Chase & Co. grew its holdings in shares of ASA Gold and Precious Metals by 64.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,199 shares of the investment management company’s stock worth $147,000 after purchasing an additional 1,257 shares during the period. Finally, Atria Wealth Solutions Inc. increased its position in shares of 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 purchasing an additional 2,350 shares during the last quarter.

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.