ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Acquires $41,463.04 in Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 928 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was acquired at an average price of $44.68 per share, for a total transaction of $41,463.04. Following the acquisition, the insider owned 5,166,512 shares of the company’s stock, valued at approximately $230,839,756.16. This trade represents a 0.02% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more 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 Tuesday, November 4th, Saba Capital Management, L.P. purchased 20,070 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $44.49 per share, for a total transaction of $892,914.30.
• On Monday, November 3rd, Saba Capital Management, L.P. acquired 26,152 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $46.21 per share, with a total value of $1,208,483.92.
• On Friday, October 31st, Saba Capital Management, L.P. bought 15,847 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $46.10 per share, for a total transaction of $730,546.70.
• On Thursday, October 30th, Saba Capital Management, L.P. purchased 1,700 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $45.61 per share, with a total value of $77,537.00.
• On Wednesday, October 29th, Saba Capital Management, L.P. purchased 9,128 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $45.32 per share, for a total transaction of $413,680.96.
• On Tuesday, October 28th, Saba Capital Management, L.P. acquired 12,847 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $45.32 per share, for a total transaction of $582,226.04.
• On Monday, October 27th, Saba Capital Management, L.P. bought 28,500 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $44.08 per share, for a total transaction 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 price of $45.97 per share, for a total transaction 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. acquired 20,540 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $44.77 per share, with a total value of $919,575.80.

ASA Gold and Precious Metals Stock Up 1.9%

ASA stock opened at $45.87 on Friday. The stock’s 50 day simple moving average is $44.52 and its 200 day simple moving average is $36.65. ASA Gold and Precious Metals Limited has a 12-month low of $19.37 and a 12-month high of $53.76.

ASA Gold and Precious Metals Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b+)” rating on shares of ASA Gold and Precious Metals in a research report on Thursday, October 30th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Several hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of ASA Gold and Precious Metals by 64.7% in the third quarter. JPMorgan Chase & Co. now owns 3,199 shares of the investment management company’s stock worth $147,000 after acquiring an additional 1,257 shares during the period. Savant Capital LLC bought a new position in shares of ASA Gold and Precious Metals in the 3rd quarter worth approximately $220,000. HB Wealth Management LLC purchased a new position in shares of ASA Gold and Precious Metals in the third quarter worth approximately $295,000. Blue Bell Private Wealth Management LLC grew its position in ASA Gold and Precious Metals by 9.3% during 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 buying an additional 11,808 shares during the period. Finally, Zazove Associates LLC purchased a new stake in ASA Gold and Precious Metals during the third quarter valued at approximately $811,000.

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.