Insider Buying: ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Purchases $610,318.52 in Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. bought 9,508 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The shares were bought at an average cost of $64.19 per share, for a total transaction of $610,318.52. Following the transaction, the insider owned 5,432,282 shares of the company’s stock, valued at $348,698,181.58. The trade was a 0.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more 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 Thursday, January 8th, Saba Capital Management, L.P. purchased 2,479 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $60.71 per share, with a total value of $150,500.09.
• On Friday, January 9th, Saba Capital Management, L.P. acquired 4,152 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $62.03 per share, for a total transaction of $257,548.56.
• On Wednesday, January 7th, Saba Capital Management, L.P. bought 3,598 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $59.78 per share, with a total value of $215,088.44.
• On Tuesday, January 6th, Saba Capital Management, L.P. purchased 3,280 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $61.80 per share, for a total transaction of $202,704.00.
• On Monday, January 5th, Saba Capital Management, L.P. acquired 8,770 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $60.32 per share, with a total value of $529,006.40.
• On Friday, January 2nd, Saba Capital Management, L.P. acquired 8,782 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $58.93 per share, with a total value of $517,523.26.
• On Wednesday, December 31st, Saba Capital Management, L.P. bought 9,112 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $59.99 per share, for a total transaction of $546,628.88.
• On Tuesday, December 30th, Saba Capital Management, L.P. bought 6,892 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $60.34 per share, with a total value of $415,863.28.
• On Monday, December 29th, Saba Capital Management, L.P. purchased 10,111 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $58.81 per share, with a total value of $594,627.91.
• On Friday, December 26th, Saba Capital Management, L.P. purchased 714 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $61.92 per share, for a total transaction of $44,210.88.

ASA Gold and Precious Metals Stock Up 0.6%

ASA stock traded up $0.37 during midday trading on Tuesday, hitting $64.57. The company’s stock had a trading volume of 51,840 shares, compared to its average volume of 89,931. ASA Gold and Precious Metals Limited has a 1 year low of $21.57 and a 1 year high of $66.12. The stock’s 50-day moving average price is $54.41 and its 200 day moving average price is $44.43.

Wall Street Analyst Weigh In

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

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 ASA. DKM Wealth Management Inc. purchased a new stake in shares of ASA Gold and Precious Metals during the fourth quarter worth $239,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of ASA Gold and Precious Metals by 19.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,295 shares of the investment management company’s stock valued at $511,000 after purchasing an additional 1,326 shares during the period. Noble Wealth Management PBC lifted its holdings in ASA Gold and Precious Metals by 61.7% during the 4th quarter. Noble Wealth Management PBC now owns 73,354 shares of the investment management company’s stock worth $4,377,000 after purchasing an additional 27,987 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in ASA Gold and Precious Metals by 64.7% in 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, Advisory Services Network LLC purchased a new position in ASA Gold and Precious Metals during the 3rd quarter valued at about $55,000.

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.