Saba Capital Management, L.P. Purchases 28,333 Shares of ASA Gold and Precious Metals (NYSE:ASA) Stock

Posted by Donald Scott on Feb 5th, 2026

ASA Gold and Precious Metals Limited (NYSE:ASA – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 28,333 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was purchased at an average price of $66.14 per share, for a total transaction of $1,873,944.62. Following the completion of the transaction, the insider owned 5,603,239 shares in the company, valued at $370,598,227.46. The trade was a 0.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Major 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 Wednesday, February 4th, Saba Capital Management, L.P. acquired 6,788 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $66.45 per share, with a total value of $451,062.60.
On Monday, February 2nd, Saba Capital Management, L.P. bought 8,466 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price 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 purchased at an average price of $65.56 per share, for a total transaction of $1,423,176.48.
On Thursday, January 29th, Saba Capital Management, L.P. purchased 17,075 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $74.59 per share, for a total transaction 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 shares were purchased at an average cost 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 shares were purchased at an average price of $73.15 per share, for a total transaction of $272,849.50.
On Monday, January 26th, Saba Capital Management, L.P. bought 1,400 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $72.90 per share, for a total transaction of $102,060.00.
On Tuesday, January 20th, Saba Capital Management, L.P. acquired 3,723 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $66.08 per share, for a total transaction of $246,015.84.
On Friday, January 16th, Saba Capital Management, L.P. bought 4,541 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $63.63 per share, with a total value of $288,943.83.
On Thursday, January 15th, Saba Capital Management, L.P. purchased 4,654 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $63.35 per share, with a total value of $294,830.90.

ASA Gold and Precious Metals Trading Down 4.8%

Shares of ASA stock traded down $3.21 during trading hours on Thursday, hitting $64.15. 74,718 shares of the company were exchanged, compared to its average volume of 149,591. ASA Gold and Precious Metals Limited has a 1 year low of $23.93 and a 1 year high of $78.21. The firm has a fifty day moving average of $61.37 and a 200 day moving average of $48.60.

Institutional Trading of ASA Gold and Precious Metals

A number of institutional investors have recently added to or reduced their stakes in ASA. Wealth Enhancement Advisory Services LLC purchased a new position in ASA Gold and Precious Metals in the second quarter valued at about $231,000. Atria Wealth Solutions Inc. lifted its position 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 acquiring an additional 2,350 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in ASA Gold and Precious Metals in the 2nd quarter worth approximately $1,213,000. JPMorgan Chase & Co. acquired a new stake in ASA Gold and Precious Metals during the 2nd quarter valued at $61,000. Finally, Steward Partners Investment Advisory LLC increased its stake in ASA Gold and Precious Metals by 143.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company’s stock worth $229,000 after buying an additional 4,272 shares during the period.

Wall Street Analysts Forecast Growth

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 investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Check Out Our Latest Research Report on ASA

About ASA Gold and Precious Metals

(Get Free Report)

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.