Insider Buying: ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Purchases $5,821,414.77 in Stock

Posted by Donna Armstrong on Feb 20th, 2026

ASA Gold and Precious Metals Limited (NYSE:ASA – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 83,533 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was purchased at an average cost of $69.69 per share, with a total value of $5,821,414.77. Following the completion of the purchase, the insider directly owned 5,853,141 shares of the company’s stock, valued at approximately $407,905,396.29. This represents a 1.45% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

On Friday, February 13th, Saba Capital Management, L.P. bought 50,560 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $71.50 per share, with a total value of $3,615,040.00.
On Wednesday, February 11th, Saba Capital Management, L.P. purchased 40,222 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $72.09 per share, for a total transaction of $2,899,603.98.
On Tuesday, February 10th, Saba Capital Management, L.P. acquired 62,201 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $71.10 per share, with a total value of $4,422,491.10.
On Monday, February 9th, Saba Capital Management, L.P. bought 25,939 shares of ASA Gold and Precious Metals stock. The shares were acquired 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 acquired at an average cost of $65.91 per share, with a total value of $1,041,114.36.
On Thursday, February 5th, Saba Capital Management, L.P. purchased 15,423 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price 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 cost 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 price 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 shares were 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. purchased 21,708 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $65.56 per share, for a total transaction of $1,423,176.48.

ASA Gold and Precious Metals Stock Up 1.2%

ASA stock opened at $70.26 on Friday. The business’s 50-day moving average is $64.84 and its two-hundred day moving average is $51.29. ASA Gold and Precious Metals Limited has a 1 year low of $23.93 and a 1 year high of $78.21.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Several hedge funds have recently added to or reduced their stakes in ASA. Saba Capital Management L.P. boosted its holdings in shares of ASA Gold and Precious Metals by 15.8% in the 4th quarter. Saba Capital Management L.P. now owns 5,391,713 shares of the investment management company’s stock valued at $321,724,000 after buying an additional 735,036 shares in the last quarter. Almitas Capital LLC acquired a new position in ASA Gold and Precious Metals in the third quarter valued at $15,359,000. Landscape Capital Management L.L.C. purchased a new position in shares of ASA Gold and Precious Metals during the third quarter worth about $6,411,000. Altium Capital Management LLC acquired a new stake in shares of ASA Gold and Precious Metals during the fourth quarter worth about $3,116,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of ASA Gold and Precious Metals in the 2nd quarter valued at about $1,213,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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 MarketBeat.com, ASA Gold and Precious Metals presently has a consensus rating of “Buy”.

Check Out Our Latest Report 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.