ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Buys 8,782 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. bought 8,782 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was acquired at an average price of $58.93 per share, for a total transaction of $517,523.26. Following the transaction, the insider owned 5,400,495 shares in the company, valued at $318,251,170.35. This trade represents a 0.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, December 31st, Saba Capital Management, L.P. purchased 9,112 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price 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, with a total value of $594,627.91.
• On Friday, December 26th, Saba Capital Management, L.P. bought 714 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $61.92 per share, with a total value of $44,210.88.
• On Wednesday, December 24th, Saba Capital Management, L.P. purchased 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. acquired 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. acquired 2,760 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $60.85 per share, with a total value of $167,946.00.
• On Thursday, December 18th, Saba Capital Management, L.P. bought 3,881 shares of ASA Gold and Precious Metals stock. The stock was 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. bought 12,649 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $57.49 per share, for a total transaction of $727,191.01.
• On Tuesday, December 16th, Saba Capital Management, L.P. purchased 5,846 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $57.02 per share, with a total value of $333,338.92.

ASA Gold and Precious Metals Price Performance

ASA Gold and Precious Metals stock traded up $2.47 during trading hours on Monday, reaching $60.72. The stock had a trading volume of 40,705 shares, compared to its average volume of 116,247. The company has a fifty day simple moving average of $52.48 and a 200-day simple moving average of $43.18. ASA Gold and Precious Metals Limited has a 52 week low of $20.63 and a 52 week high of $63.02.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Walleye Capital LLC lifted its holdings in shares of ASA Gold and Precious Metals by 1.4% during the second quarter. Walleye Capital LLC now owns 24,871 shares of the investment management company’s stock valued at $785,000 after purchasing an additional 341 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in ASA Gold and Precious Metals by 4.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,110 shares of the investment management company’s stock valued at $738,000 after acquiring an additional 681 shares during the period. Advisory Services Network LLC purchased a new stake in shares of ASA Gold and Precious Metals during the 3rd quarter valued at about $55,000. JPMorgan Chase & Co. grew its stake in shares of ASA Gold and Precious Metals by 64.7% in the third quarter. JPMorgan Chase & Co. now owns 3,199 shares of the investment management company’s stock worth $147,000 after acquiring an additional 1,257 shares during the period. Finally, Atria Wealth Solutions Inc. grew its stake in shares of ASA Gold and Precious Metals by 30.1% in the second quarter. Atria Wealth Solutions Inc. now owns 10,145 shares of the investment management company’s stock worth $320,000 after acquiring an additional 2,350 shares during the period.

Analysts Set New Price Targets

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 investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently 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.