ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Acquires 27,496 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 27,496 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was bought at an average cost of $47.41 per share, for a total transaction of $1,303,585.36. Following the completion of the purchase, the insider directly owned 5,241,324 shares in the company, valued at $248,491,170.84. This represents a 0.53% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Large 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 Friday, November 21st, Saba Capital Management, L.P. bought 9,784 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $46.94 per share, with a total value of $459,260.96.
• On Wednesday, November 19th, Saba Capital Management, L.P. purchased 10,094 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $48.16 per share, for a total transaction of $486,127.04.
• On Tuesday, November 18th, Saba Capital Management, L.P. purchased 2,268 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $47.20 per share, for a total transaction of $107,049.60.
• On Monday, November 17th, Saba Capital Management, L.P. acquired 18,124 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $47.35 per share, with a total value of $858,171.40.
• On Thursday, November 13th, Saba Capital Management, L.P. acquired 2,550 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $49.43 per share, with a total value of $126,046.50.
• On Tuesday, November 11th, Saba Capital Management, L.P. bought 10,286 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $47.64 per share, for a total transaction of $490,025.04.
• On Monday, November 10th, Saba Capital Management, L.P. bought 3,994 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $48.35 per share, with a total value of $193,109.90.
• On Wednesday, November 5th, Saba Capital Management, L.P. purchased 928 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $44.68 per share, with a total value of $41,463.04.
• On Tuesday, November 4th, Saba Capital Management, L.P. purchased 20,070 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost 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 acquired at an average cost of $46.21 per share, with a total value of $1,208,483.92.

ASA Gold and Precious Metals Price Performance

NYSE:ASA traded up $2.40 during mid-day trading on Monday, hitting $48.39. 34,240 shares of the company’s stock traded hands, compared to its average volume of 95,752. The firm has a 50 day moving average of $46.17 and a two-hundred day moving average of $37.96. 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 Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 12th were given a $0.03 dividend. This represents a dividend yield of 12.0%. The ex-dividend date of this dividend was Wednesday, November 12th.

Analyst Ratings Changes

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

Institutional Trading of ASA Gold and Precious Metals

A number of hedge funds have recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of ASA Gold and Precious Metals during the 3rd quarter worth approximately $55,000. JPMorgan Chase & Co. acquired a new position in shares of ASA Gold and Precious Metals in the second quarter valued at $61,000. Savant Capital LLC bought a new position in ASA Gold and Precious Metals in the third quarter worth $220,000. Fruth Investment Management acquired a new stake in ASA Gold and Precious Metals during the first quarter worth $226,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in ASA Gold and Precious Metals by 143.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company’s stock worth $229,000 after buying an additional 4,272 shares in the last quarter.

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.