Saba Capital Management, L.P. Acquires 4,541 Shares of ASA Gold and Precious Metals (NYSE:ASA) Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 4,541 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The shares were acquired at an average cost of $63.63 per share, with a total value of $288,943.83. Following the completion of the transaction, the insider directly owned 5,461,639 shares in the company, valued at approximately $347,524,089.57. The trade was a 0.08% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% 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 Thursday, January 15th, Saba Capital Management, L.P. bought 4,654 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $63.35 per share, for a total transaction of $294,830.90.
• On Wednesday, January 14th, Saba Capital Management, L.P. purchased 5,000 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $63.82 per share, with a total value of $319,100.00.
• On Tuesday, January 13th, Saba Capital Management, L.P. purchased 15,162 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $64.52 per share, for a total transaction of $978,252.24.
• On Monday, January 12th, Saba Capital Management, L.P. acquired 9,508 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $64.19 per share, with a total value of $610,318.52.
• On Thursday, January 8th, Saba Capital Management, L.P. bought 2,479 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $60.71 per share, with a total value of $150,500.09.
• On Friday, January 9th, Saba Capital Management, L.P. purchased 4,152 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $62.03 per share, for a total transaction of $257,548.56.
• On Wednesday, January 7th, Saba Capital Management, L.P. acquired 3,598 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $59.78 per share, with a total value of $215,088.44.
• On Tuesday, January 6th, Saba Capital Management, L.P. bought 3,280 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $61.80 per share, for a total transaction of $202,704.00.
• On Monday, January 5th, Saba Capital Management, L.P. bought 8,770 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $60.32 per share, with a total value of $529,006.40.
• On Friday, January 2nd, Saba Capital Management, L.P. bought 8,782 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $58.93 per share, with a total value of $517,523.26.

ASA Gold and Precious Metals Price Performance

Shares of ASA opened at $67.13 on Thursday. The company’s 50-day simple moving average is $56.91 and its 200-day simple moving average is $45.94. ASA Gold and Precious Metals Limited has a 1 year low of $21.84 and a 1 year high of $68.81.

Analyst Ratings Changes

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

Hedge Funds Weigh In On ASA Gold and Precious Metals

Hedge funds have recently added to or reduced their stakes in the stock. Zazove Associates LLC acquired a new position in shares of ASA Gold and Precious Metals in the 3rd quarter valued at $811,000. Wealth Enhancement Advisory Services LLC acquired a new stake in ASA Gold and Precious Metals during the 2nd quarter worth $231,000. Blue Bell Private Wealth Management LLC lifted its position in ASA Gold and Precious Metals by 9.3% in 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 acquiring an additional 11,808 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in ASA Gold and Precious Metals in the second quarter valued at $1,213,000. Finally, Laurel Wealth Advisors LLC boosted its stake in ASA Gold and Precious Metals by 3,057.0% in the second quarter. Laurel Wealth Advisors LLC now owns 31,570 shares of the investment management company’s stock valued at $1,000,000 after acquiring an additional 30,570 shares in the last quarter.

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.