ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Purchases $1,815,470.61 in Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 25,939 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was acquired at an average price of $69.99 per share, with a total value of $1,815,470.61. Following the completion of the transaction, the insider owned 5,667,185 shares in the company, valued at approximately $396,646,278.15. This trade represents a 0.46% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, February 10th, Saba Capital Management, L.P. bought 62,201 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $71.10 per share, with a total value of $4,422,491.10.
• On Friday, February 6th, Saba Capital Management, L.P. purchased 15,796 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $65.91 per share, with a total value of $1,041,114.36.
• On Thursday, February 5th, Saba Capital Management, L.P. acquired 15,423 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $64.31 per share, for a total transaction of $991,853.13.
• On Wednesday, February 4th, Saba Capital Management, L.P. purchased 6,788 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $66.45 per share, for a total transaction of $451,062.60.
• On Tuesday, February 3rd, Saba Capital Management, L.P. purchased 28,333 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $66.14 per share, for a total transaction of $1,873,944.62.
• On Monday, February 2nd, Saba Capital Management, L.P. acquired 8,466 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $64.27 per share, with a total value of $544,109.82.
• On Friday, January 30th, Saba Capital Management, L.P. bought 21,708 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $65.56 per share, for a total transaction of $1,423,176.48.
• On Thursday, January 29th, Saba Capital Management, L.P. purchased 17,075 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $74.59 per share, with a total value of $1,273,624.25.
• On Wednesday, January 28th, Saba Capital Management, L.P. acquired 57,165 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $75.32 per share, for a total transaction of $4,305,667.80.
• On Tuesday, January 27th, Saba Capital Management, L.P. acquired 3,730 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $73.15 per share, with a total value of $272,849.50.

ASA Gold and Precious Metals Stock Up 1.0%

Shares of ASA stock traded up $0.74 during trading hours on Wednesday, reaching $72.21. The company had a trading volume of 132,023 shares, compared to its average volume of 150,963. The business has a fifty day simple moving average of $62.58 and a 200-day simple moving average of $49.67. ASA Gold and Precious Metals Limited has a 12 month low of $23.93 and a 12 month high of $78.21.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Hedge funds and other institutional investors have recently modified their holdings of the company. WHI TRUST Co LLC purchased a new position in shares of ASA Gold and Precious Metals during the fourth quarter worth approximately $30,000. Advisory Services Network LLC purchased a new stake in ASA Gold and Precious Metals during the third quarter valued at about $55,000. JPMorgan Chase & Co. bought a new position in shares of ASA Gold and Precious Metals during the second quarter valued at about $61,000. Farther Finance Advisors LLC purchased a new position in shares of ASA Gold and Precious Metals in the fourth quarter worth about $95,000. Finally, AlphaStar Capital Management LLC bought a new stake in shares of ASA Gold and Precious Metals in the 4th quarter valued at about $217,000.

Analyst Ratings Changes

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