ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Buys 8,078 Shares of Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 8,078 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were bought at an average price of $52.82 per share, for a total transaction of $426,679.96. Following the completion of the purchase, the insider owned 5,264,270 shares in the company, valued at $278,058,741.40. This trade represents a 0.15% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large 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 Wednesday, December 3rd, Saba Capital Management, L.P. bought 9,576 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $53.37 per share, with a total value of $511,071.12.
• On Monday, December 1st, Saba Capital Management, L.P. bought 9,560 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $53.46 per share, for a total transaction of $511,077.60.
• On Tuesday, November 25th, Saba Capital Management, L.P. bought 7,283 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $48.75 per share, for a total transaction of $355,046.25.
• On Friday, November 21st, Saba Capital Management, L.P. purchased 9,784 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $46.94 per share, with a total value of $459,260.96.
• On Thursday, November 20th, Saba Capital Management, L.P. acquired 27,496 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $47.41 per share, for a total transaction of $1,303,585.36.
• On Wednesday, November 19th, Saba Capital Management, L.P. bought 10,094 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $48.16 per share, with a total value of $486,127.04.
• On Tuesday, November 18th, Saba Capital Management, L.P. purchased 2,268 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $47.20 per share, for a total transaction of $107,049.60.
• On Monday, November 17th, Saba Capital Management, L.P. acquired 18,124 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $47.35 per share, with a total value of $858,171.40.
• On Thursday, November 13th, Saba Capital Management, L.P. acquired 2,550 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $49.43 per share, for a total transaction of $126,046.50.
• On Tuesday, November 11th, Saba Capital Management, L.P. purchased 10,286 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $47.64 per share, with a total value of $490,025.04.

ASA Gold and Precious Metals Stock Performance

Shares of ASA Gold and Precious Metals stock traded up $1.13 on Friday, hitting $54.02. 6,691 shares of the company traded hands, compared to its average volume of 94,369. ASA Gold and Precious Metals Limited has a 12-month low of $19.37 and a 12-month high of $54.03. The firm’s 50-day simple moving average is $47.86 and its 200 day simple moving average is $39.25.

ASA Gold and Precious Metals Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, November 12th were given a $0.03 dividend. The ex-dividend date was Wednesday, November 12th. This represents a yield of 12.0%.

Institutional Investors Weigh In On ASA Gold and Precious Metals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Walleye Capital LLC grew its holdings in ASA Gold and Precious Metals by 1.4% in the 2nd quarter. Walleye Capital LLC now owns 24,871 shares of the investment management company’s stock worth $785,000 after acquiring an additional 341 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of ASA Gold and Precious Metals by 4.4% in the third quarter. Integrated Wealth Concepts LLC now owns 16,110 shares of the investment management company’s stock worth $738,000 after purchasing an additional 681 shares during the last quarter. Advisory Services Network LLC bought a new position in ASA Gold and Precious Metals during the 3rd quarter valued at approximately $55,000. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 1,257 shares during the period. Finally, Atria Wealth Solutions Inc. grew its position in shares of ASA Gold and Precious Metals by 30.1% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 10,145 shares of the investment management company’s stock worth $320,000 after buying an additional 2,350 shares during the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of ASA Gold and Precious Metals in a research report on Monday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

ASA Gold and Precious Metals Company Profile

ASA Gold and Precious Metals Limited is a publicly owned investment manager. The firm invests in the public equity markets across the globe. It primarily invests in stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds, or other precious minerals. It also invests in exchange traded funds.