ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Acquires 4,541 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 4,541 shares of ASA Gold and Precious Metals stock in a transaction on Friday, January 16th. The shares were bought at an average cost of $63.63 per share, for a total transaction of $288,943.83. Following the completion of the purchase, the insider directly owned 5,461,639 shares of the company’s stock, valued at $347,524,089.57. The trade was a 0.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 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 Thursday, January 15th, Saba Capital Management, L.P. bought 4,654 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $63.35 per share, with a total value of $294,830.90.
• On Wednesday, January 14th, Saba Capital Management, L.P. purchased 5,000 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $63.82 per share, for a total transaction of $319,100.00.
• On Tuesday, January 13th, Saba Capital Management, L.P. purchased 15,162 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $64.52 per share, with a total value of $978,252.24.
• On Monday, January 12th, Saba Capital Management, L.P. acquired 9,508 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $64.19 per share, for a total transaction of $610,318.52.
• On Thursday, January 8th, Saba Capital Management, L.P. bought 2,479 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $60.71 per share, for a total transaction of $150,500.09.
• On Friday, January 9th, Saba Capital Management, L.P. bought 4,152 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $62.03 per share, with a total value of $257,548.56.
• On Wednesday, January 7th, Saba Capital Management, L.P. purchased 3,598 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost 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, for a total transaction of $529,006.40.
• On Friday, January 2nd, Saba Capital Management, L.P. bought 8,782 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $58.93 per share, with a total value of $517,523.26.

ASA Gold and Precious Metals Trading Up 4.9%

Shares of ASA traded up $3.09 during mid-day trading on Tuesday, reaching $66.55. 172,608 shares of the company’s stock traded hands, compared to its average volume of 108,184. The stock’s 50-day moving average is $56.20 and its two-hundred day moving average is $45.55. ASA Gold and Precious Metals Limited has a 12 month low of $21.81 and a 12 month high of $66.68.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ASA. Almitas Capital LLC purchased a new stake in shares of ASA Gold and Precious Metals during the 3rd quarter worth $15,359,000. Landscape Capital Management L.L.C. bought a new position in ASA Gold and Precious Metals in the third quarter worth about $6,411,000. Blue Bell Private Wealth Management LLC raised its holdings in ASA Gold and Precious Metals by 9.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 138,355 shares of the investment management company’s stock worth $6,337,000 after purchasing an additional 11,808 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of 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 valued at $3,854,000 after buying an additional 2,622 shares during the last quarter. Finally, Noble Wealth Management PBC boosted its holdings in shares of ASA Gold and Precious Metals by 61.7% in the 4th quarter. Noble Wealth Management PBC now owns 73,354 shares of the investment management company’s stock valued at $4,377,000 after buying an additional 27,987 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat, the company has an average rating of “Buy”.

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.