ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Buys $4,422,491.10 in Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 62,201 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were acquired at an average price of $71.10 per share, for a total transaction of $4,422,491.10. Following the acquisition, the insider directly owned 5,729,386 shares in the company, valued at $407,359,344.60. This represents a 1.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 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 Wednesday, February 11th, Saba Capital Management, L.P. bought 40,222 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $72.09 per share, with a total value of $2,899,603.98.
• On Monday, February 9th, Saba Capital Management, L.P. purchased 25,939 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $69.99 per share, for a total transaction of $1,815,470.61.
• On Friday, February 6th, Saba Capital Management, L.P. purchased 15,796 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $65.91 per share, with a total value of $1,041,114.36.
• On Thursday, February 5th, Saba Capital Management, L.P. acquired 15,423 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $64.31 per share, with a total value of $991,853.13.
• On Wednesday, February 4th, Saba Capital Management, L.P. acquired 6,788 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $66.45 per share, for a total transaction of $451,062.60.
• On Tuesday, February 3rd, Saba Capital Management, L.P. acquired 28,333 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $66.14 per share, for a total transaction of $1,873,944.62.
• On Monday, February 2nd, Saba Capital Management, L.P. bought 8,466 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $64.27 per share, with a total value of $544,109.82.
• On Friday, January 30th, Saba Capital Management, L.P. bought 21,708 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $65.56 per share, with a total value 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 cost of $74.59 per share, for a total transaction of $1,273,624.25.
• On Wednesday, January 28th, Saba Capital Management, L.P. purchased 57,165 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $75.32 per share, for a total transaction of $4,305,667.80.

ASA Gold and Precious Metals Stock Up 4.9%

ASA stock opened at $71.56 on Friday. ASA Gold and Precious Metals Limited has a fifty-two week low of $23.93 and a fifty-two week high of $78.21. The business has a 50-day moving average of $63.64 and a 200-day moving average of $50.23.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, ASA Gold and Precious Metals currently has a consensus rating of “Buy”.

ASA Gold and Precious Metals News Summary

Here are the key news stories impacting ASA Gold and Precious Metals this week:

• Positive Sentiment: Saba Capital made multiple, sizable buys this week (most recently 40,222 shares on Feb. 11 at ~$72.09), signaling conviction from a major shareholder and creating direct demand support for the stock. Read More.
• Positive Sentiment: The purchases are part of a sustained accumulation pattern (additional blocks on Feb. 10, Feb. 9 and multiple late‑Jan trades), which tends to reinforce short‑term momentum versus a one‑off trade. Read More.
• Neutral Sentiment: Saba’s stake is now sizeable (~5.7–5.8M shares, valued in the hundreds of millions). That concentration amplifies the market impact of their activity: continued buying is bullish, but any decision to trim could produce outsized selling pressure. Read More.
• Neutral Sentiment: Technical/context note — ASA sits above both its 50‑day (~$63) and 200‑day (~$50) moving averages and is nearer its 52‑week high than low; trade volume is modestly above average, which supports the current rally if flows persist. Read More.
• Negative Sentiment: Despite buying, intraday volatility and pockets of profit‑taking have appeared; because a single holder dominates activity, any future unwind by Saba or broader rotation out of precious‑metals exposures could quickly reverse gains. Monitor new 13D/13G or Form 4 filings and volume for signs of selling. Read More.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Almitas Capital LLC acquired a new position in shares of ASA Gold and Precious Metals during the 3rd quarter worth approximately $15,359,000. Blue Bell Private Wealth Management LLC grew its stake in shares of ASA Gold and Precious Metals by 3.6% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 143,341 shares of the investment management company’s stock valued at $8,553,000 after buying an additional 4,986 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in ASA Gold and Precious Metals during the third quarter worth $6,411,000. Private Advisor Group LLC raised its position in ASA Gold and Precious Metals by 3.2% during the third quarter. Private Advisor Group LLC now owns 84,157 shares of the investment management company’s stock worth $3,854,000 after acquiring an additional 2,622 shares in the last quarter. Finally, Noble Wealth Management PBC raised its position in ASA Gold and Precious Metals by 61.7% during the fourth quarter. Noble Wealth Management PBC now owns 73,354 shares of the investment management company’s stock worth $4,377,000 after acquiring an additional 27,987 shares in the last quarter.

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.