ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Buys 12,847 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 12,847 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The shares were purchased at an average cost of $45.32 per share, with a total value of $582,226.04. Following the completion of the acquisition, the insider directly owned 5,092,687 shares of the company’s stock, valued at $230,800,574.84. This represents a 0.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% 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, October 29th, Saba Capital Management, L.P. purchased 9,128 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $45.32 per share, with a total value of $413,680.96.
• On Monday, October 27th, Saba Capital Management, L.P. purchased 28,500 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $44.08 per share, with a total value of $1,256,280.00.
• On Friday, October 24th, Saba Capital Management, L.P. purchased 22,335 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $45.97 per share, with a total value of $1,026,739.95.
• On Thursday, October 23rd, Saba Capital Management, L.P. purchased 19,172 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $46.22 per share, with a total value of $886,129.84.
• On Wednesday, October 22nd, Saba Capital Management, L.P. purchased 20,540 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $44.77 per share, with a total value of $919,575.80.
• On Tuesday, October 21st, Saba Capital Management, L.P. purchased 24,550 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $45.20 per share, with a total value of $1,109,660.00.
• On Monday, October 20th, Saba Capital Management, L.P. purchased 11,566 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $50.10 per share, with a total value of $579,456.60.
• On Wednesday, October 15th, Saba Capital Management, L.P. purchased 13,170 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $51.71 per share, with a total value of $681,020.70.
• On Tuesday, October 14th, Saba Capital Management, L.P. purchased 31,833 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $50.01 per share, with a total value of $1,591,968.33.
• On Monday, October 13th, Saba Capital Management, L.P. purchased 8,437 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $49.02 per share, with a total value of $413,581.74.

ASA Gold and Precious Metals Price Performance

NYSE ASA opened at $46.47 on Friday. ASA Gold and Precious Metals Limited has a 52-week low of $19.37 and a 52-week high of $53.76. The firm has a 50-day moving average price of $43.48 and a 200 day moving average price of $35.99.

ASA Gold and Precious Metals Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a yield of 14.0%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of ASA Gold and Precious Metals in a report on Thursday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. HB Wealth Management LLC purchased a new position in ASA Gold and Precious Metals in the third quarter valued at about $295,000. Blue Bell Private Wealth Management LLC grew its position in shares of ASA Gold and Precious Metals by 9.3% in the third 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 purchasing an additional 11,808 shares during the last quarter. Zazove Associates LLC acquired a new stake in shares of ASA Gold and Precious Metals in the third quarter valued at approximately $811,000. Osaic Holdings Inc. grew its position in shares of ASA Gold and Precious Metals by 128.4% in the second quarter. Osaic Holdings Inc. now owns 18,728 shares of the investment management company’s stock valued at $591,000 after purchasing an additional 10,528 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of ASA Gold and Precious Metals in the second quarter valued at approximately $383,000.

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.