Insider Buying: ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Purchases $562,373.73 in Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 10,397 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were purchased at an average cost of $54.09 per share, for a total transaction of $562,373.73. Following the completion of the acquisition, the insider directly owned 5,315,195 shares of the company’s stock, valued at $287,498,897.55. This represents a 0.20% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major 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 Monday, December 8th, Saba Capital Management, L.P. acquired 7,542 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $52.40 per share, with a total value of $395,200.80.
• On Friday, December 5th, Saba Capital Management, L.P. acquired 8,002 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $53.22 per share, with a total value of $425,866.44.
• On Thursday, December 4th, Saba Capital Management, L.P. bought 15,408 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $52.87 per share, for a total transaction of $814,620.96.
• On Wednesday, December 3rd, Saba Capital Management, L.P. purchased 9,576 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $53.37 per share, with a total value of $511,071.12.
• On Tuesday, December 2nd, Saba Capital Management, L.P. purchased 8,078 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $52.82 per share, with a total value of $426,679.96.
• On Monday, December 1st, Saba Capital Management, L.P. purchased 9,560 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $53.46 per share, for a total transaction of $511,077.60.
• On Tuesday, November 25th, Saba Capital Management, L.P. acquired 7,283 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $48.75 per share, for a total transaction of $355,046.25.
• On Friday, November 21st, Saba Capital Management, L.P. acquired 9,784 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $46.94 per share, with a total value of $459,260.96.
• On Thursday, November 20th, Saba Capital Management, L.P. bought 27,496 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $47.41 per share, for a total transaction of $1,303,585.36.
• On Wednesday, November 19th, Saba Capital Management, L.P. purchased 10,094 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $48.16 per share, for a total transaction of $486,127.04.

ASA Gold and Precious Metals Price Performance

Shares of NYSE ASA opened at $57.91 on Friday. The firm has a fifty day moving average of $48.98 and a 200 day moving average of $40.33. ASA Gold and Precious Metals Limited has a one year low of $19.37 and a one year high of $59.25.

ASA Gold and Precious Metals Dividend Announcement

The business also recently declared a semi-annual dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, November 12th were given a dividend of $0.03 per share. This represents a dividend yield of 12.0%. The ex-dividend date was Wednesday, November 12th.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b+)” rating on shares of ASA Gold and Precious Metals in a report on Monday, December 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Hedge Funds Weigh In On ASA Gold and Precious Metals

A number of institutional investors and hedge funds have recently bought and sold shares of ASA. Advisory Services Network LLC purchased a new stake in shares of ASA Gold and Precious Metals in the third quarter valued at approximately $55,000. Integrated Wealth Concepts LLC raised its position in ASA Gold and Precious Metals by 4.4% in the third quarter. Integrated Wealth Concepts LLC now owns 16,110 shares of the investment management company’s stock valued at $738,000 after purchasing an additional 681 shares during the period. Almitas Capital LLC acquired a new position in ASA Gold and Precious Metals during the 3rd quarter worth about $15,359,000. Landscape Capital Management L.L.C. acquired a new position in shares of ASA Gold and Precious Metals in the third quarter valued at approximately $6,411,000. Finally, Private Advisor Group LLC increased its position in shares of ASA Gold and Precious Metals by 3.2% during the third quarter. Private Advisor Group LLC now owns 84,157 shares of the investment management company’s stock worth $3,854,000 after acquiring an additional 2,622 shares during the period.

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.