ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Acquires $202,704.00 in Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 3,280 shares of the stock in a transaction that occurred on Tuesday, January 6th. The shares were bought at an average price of $61.80 per share, with a total value of $202,704.00. Following the completion of the purchase, the insider owned 5,412,545 shares in the company, valued at $334,495,281. The trade was a 0.06% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 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, January 7th, Saba Capital Management, L.P. acquired 3,598 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $59.78 per share, with a total value of $215,088.44.
• On Monday, January 5th, Saba Capital Management, L.P. bought 8,770 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $60.32 per share, with a total value 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 purchased at an average cost of $58.93 per share, with a total value of $517,523.26.
• On Wednesday, December 31st, Saba Capital Management, L.P. purchased 9,112 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $59.99 per share, for a total transaction of $546,628.88.
• On Tuesday, December 30th, Saba Capital Management, L.P. purchased 6,892 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $60.34 per share, for a total transaction of $415,863.28.
• On Monday, December 29th, Saba Capital Management, L.P. acquired 10,111 shares of ASA Gold and Precious Metals stock. The stock was 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. bought 714 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost 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 stock was purchased at an average cost of $60.76 per share, with a total value 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 cost of $61.75 per share, for a total transaction of $155,857.00.
• On Monday, December 22nd, Saba Capital Management, L.P. bought 2,760 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $60.85 per share, with a total value of $167,946.00.

ASA Gold and Precious Metals Price Performance

NYSE:ASA traded down $0.54 during trading hours on Thursday, hitting $60.91. 13,358 shares of the company traded hands, compared to its average volume of 97,951. The firm has a 50-day moving average of $53.45 and a 200 day moving average of $43.70. ASA Gold and Precious Metals Limited has a twelve month low of $21.17 and a twelve month high of $63.02.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Almitas Capital LLC bought a new stake in shares of ASA Gold and Precious Metals during the 3rd quarter worth $15,359,000. Medici Capital LLC acquired a new stake in shares of ASA Gold and Precious Metals during the second quarter worth $5,238,000. Landscape Capital Management L.L.C. acquired a new position in shares of ASA Gold and Precious Metals in the 3rd quarter valued at about $6,411,000. Blue Bell Private Wealth Management LLC lifted its position in shares of ASA Gold and Precious Metals by 9.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 138,355 shares of the investment management company’s stock valued at $6,337,000 after acquiring an additional 11,808 shares during the period. Finally, Private Advisor Group LLC grew its stake in shares of ASA Gold and Precious Metals by 3.2% in the 3rd 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 period.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

ASA Gold and Precious Metals Company Profile

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.