ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Acquires $415,863.28 in Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 6,892 shares of ASA Gold and Precious Metals stock in a transaction on Tuesday, December 30th. The stock was bought at an average cost of $60.34 per share, for a total transaction of $415,863.28. Following the transaction, the insider directly owned 5,382,601 shares in the company, valued at $324,786,144.34. This represents a 0.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 31st, Saba Capital Management, L.P. acquired 9,112 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $59.99 per share, with a total value of $546,628.88.
• On Monday, December 29th, Saba Capital Management, L.P. bought 10,111 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $58.81 per share, for a total transaction of $594,627.91.
• On Friday, December 26th, Saba Capital Management, L.P. bought 714 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $61.92 per share, for a total transaction 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 price of $60.76 per share, with a total value of $28,374.92.
• On Tuesday, December 23rd, Saba Capital Management, L.P. purchased 2,524 shares of ASA Gold and Precious Metals stock. The shares were purchased 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 stock was purchased at an average price of $60.85 per share, for a total transaction of $167,946.00.
• On Thursday, December 18th, Saba Capital Management, L.P. acquired 3,881 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $57.52 per share, with a total value 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 shares were purchased at an average price of $57.49 per share, with a total value of $727,191.01.
• On Tuesday, December 16th, Saba Capital Management, L.P. bought 5,846 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $57.02 per share, for a total transaction of $333,338.92.
• On Monday, December 15th, Saba Capital Management, L.P. purchased 7,866 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $58.10 per share, for a total transaction of $457,014.60.

ASA Gold and Precious Metals Stock Down 2.5%

NYSE ASA traded down $1.49 during trading on Friday, reaching $58.18. 196,978 shares of the company’s stock were exchanged, compared to its average volume of 95,625. The company has a 50 day moving average price of $52.23 and a two-hundred day moving average price of $42.87. ASA Gold and Precious Metals Limited has a 1 year low of $20.63 and a 1 year high of $63.02.

Wall Street Analysts Forecast Growth

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

Institutional Trading of ASA Gold and Precious Metals

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of 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 valued at $147,000 after purchasing an additional 1,257 shares during the last quarter. Advisory Services Network LLC purchased a new position in ASA Gold and Precious Metals during the 3rd quarter worth approximately $55,000. Integrated Wealth Concepts LLC increased its position in ASA Gold and Precious Metals by 4.4% during the third quarter. Integrated Wealth Concepts LLC now owns 16,110 shares of the investment management company’s stock worth $738,000 after buying an additional 681 shares during the period. Almitas Capital LLC acquired a new position in ASA Gold and Precious Metals during the third quarter worth approximately $15,359,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in ASA Gold and Precious Metals in the third quarter valued at approximately $6,411,000.

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.