ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Purchases 13,170 Shares of Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 13,170 shares of ASA Gold and Precious Metals stock in a transaction dated Wednesday, October 15th. The shares were acquired at an average price of $51.71 per share, with a total value of $681,020.70. Following the transaction, the insider owned 4,847,405 shares in the company, valued at approximately $250,659,312.55. This represents a 0.27% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, October 14th, Saba Capital Management, L.P. acquired 31,833 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $50.01 per share, with a total value of $1,591,968.33.
• On Monday, October 13th, Saba Capital Management, L.P. acquired 8,437 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $49.02 per share, with a total value of $413,581.74.
• On Friday, October 10th, Saba Capital Management, L.P. acquired 25,883 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $47.06 per share, with a total value of $1,218,053.98.
• On Thursday, October 9th, Saba Capital Management, L.P. acquired 40,943 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $47.39 per share, with a total value of $1,940,288.77.
• On Wednesday, October 8th, Saba Capital Management, L.P. acquired 23,813 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $48.17 per share, with a total value of $1,147,072.21.
• On Tuesday, October 7th, Saba Capital Management, L.P. acquired 46,649 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $46.50 per share, with a total value of $2,169,178.50.
• On Friday, September 19th, Saba Capital Management, L.P. bought 5,779 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $41.78 per share, with a total value of $241,446.62.
• On Thursday, September 18th, Saba Capital Management, L.P. bought 9,200 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $40.64 per share, with a total value of $373,888.00.
• On Wednesday, September 17th, Saba Capital Management, L.P. bought 16,670 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $41.30 per share, with a total value of $688,471.00.
• On Tuesday, September 16th, Saba Capital Management, L.P. purchased 91,385 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $41.50 per share, with a total value of $3,792,477.50.

ASA Gold and Precious Metals Price Performance

NYSE ASA opened at $53.29 on Friday. The company has a 50 day simple moving average of $41.17 and a 200-day simple moving average of $34.57. ASA Gold and Precious Metals Limited has a 52-week low of $19.37 and a 52-week high of $53.76.

ASA Gold and Precious Metals Announces Dividend

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

Institutional Investors Weigh In On ASA Gold and Precious Metals

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in shares of ASA Gold and Precious Metals in the 2nd quarter valued at $61,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of ASA Gold and Precious Metals in the 2nd quarter valued at $231,000. Steward Partners Investment Advisory LLC boosted its stake in shares of ASA Gold and Precious Metals by 143.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company’s stock valued at $229,000 after purchasing an additional 4,272 shares in the last quarter. Fruth Investment Management acquired a new stake in shares of ASA Gold and Precious Metals in the 1st quarter valued at $226,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of ASA Gold and Precious Metals in the 1st quarter valued at $235,000.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, ASA Gold and Precious Metals presently has an average rating of “Buy”.

About ASA Gold and Precious Metals

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.