Insider Buying: ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Buys 8,770 Shares of Stock

Posted by Alanna Baker on Jan 6th, 2026

ASA Gold and Precious Metals Limited (NYSE:ASA – Get Free Report) major shareholder Saba Capital Management, L.P. bought 8,770 shares of ASA Gold and Precious Metals stock in a transaction that occurred on Monday, January 5th. The shares were acquired at an average price of $60.32 per share, with a total value of $529,006.40. Following the completion of the transaction, the insider owned 5,409,265 shares of the company’s stock, valued at $326,286,864.80. This represents a 0.16% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Friday, January 2nd, Saba Capital Management, L.P. purchased 8,782 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $58.93 per share, for a total transaction of $517,523.26.
On Wednesday, December 31st, Saba Capital Management, L.P. acquired 9,112 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $59.99 per share, with a total value of $546,628.88.
On Tuesday, December 30th, Saba Capital Management, L.P. acquired 6,892 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $60.34 per share, for a total transaction of $415,863.28.
On Monday, December 29th, Saba Capital Management, L.P. bought 10,111 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $58.81 per share, for a total transaction of $594,627.91.
On Friday, December 26th, Saba Capital Management, L.P. purchased 714 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $61.92 per share, for a total transaction of $44,210.88.
On Wednesday, December 24th, Saba Capital Management, L.P. acquired 467 shares of ASA Gold and Precious Metals stock. The shares were bought 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. bought 2,524 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $61.75 per share, with a total value of $155,857.00.
On Monday, December 22nd, Saba Capital Management, L.P. bought 2,760 shares of ASA Gold and Precious Metals stock. The stock was purchased 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. purchased 3,881 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $57.52 per share, for a total transaction of $223,235.12.
On Wednesday, December 17th, Saba Capital Management, L.P. purchased 12,649 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $57.49 per share, with a total value of $727,191.01.

ASA Gold and Precious Metals Price Performance

Shares of ASA traded up $0.99 during midday trading on Tuesday, reaching $61.76. The stock had a trading volume of 23,989 shares, compared to its average volume of 109,811. The company’s 50-day moving average is $52.80 and its 200 day moving average is $43.37. ASA Gold and Precious Metals Limited has a 12-month low of $20.98 and a 12-month high of $63.02.

Institutional Trading of ASA Gold and Precious Metals

Hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new position in shares of ASA Gold and Precious Metals during the 3rd quarter valued at approximately $55,000. JPMorgan Chase & Co. bought a new position in ASA Gold and Precious Metals during the second quarter valued at $61,000. Savant Capital LLC purchased a new position in shares of ASA Gold and Precious Metals in the 3rd quarter worth $220,000. HB Wealth Management LLC purchased a new stake in shares of ASA Gold and Precious Metals during the 3rd quarter valued at about $295,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in ASA Gold and Precious Metals in the second quarter worth about $231,000.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Read Our Latest Analysis on ASA Gold and Precious Metals

ASA Gold and Precious Metals Company Profile

(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.