Saba Capital Management, L.P. Buys 4,654 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. bought 4,654 shares of ASA Gold and Precious Metals stock in a transaction dated Thursday, January 15th. The shares were bought at an average cost of $63.35 per share, for a total transaction of $294,830.90. Following the completion of the transaction, the insider owned 5,457,098 shares of the company’s stock, valued at approximately $345,707,158.30. This trade represents a 0.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% 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 Friday, January 16th, Saba Capital Management, L.P. acquired 4,541 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $63.63 per share, for a total transaction of $288,943.83.
• On Wednesday, January 14th, Saba Capital Management, L.P. acquired 5,000 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $63.82 per share, for a total transaction of $319,100.00.
• On Tuesday, January 13th, Saba Capital Management, L.P. bought 15,162 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $64.52 per share, with a total value of $978,252.24.
• On Monday, January 12th, Saba Capital Management, L.P. purchased 9,508 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $64.19 per share, for a total transaction of $610,318.52.
• On Thursday, January 8th, Saba Capital Management, L.P. purchased 2,479 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $60.71 per share, for a total transaction of $150,500.09.
• On Friday, January 9th, Saba Capital Management, L.P. acquired 4,152 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $62.03 per share, with a total value of $257,548.56.
• On Wednesday, January 7th, Saba Capital Management, L.P. bought 3,598 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $59.78 per share, for a total transaction 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 acquired 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. purchased 8,770 shares of ASA Gold and Precious Metals stock. The stock was acquired 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. acquired 8,782 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $58.93 per share, for a total transaction of $517,523.26.

ASA Gold and Precious Metals Price Performance

Shares of ASA stock opened at $67.13 on Thursday. ASA Gold and Precious Metals Limited has a 52-week low of $21.84 and a 52-week high of $68.81. The company’s 50 day moving average is $56.91 and its 200 day moving average is $45.94.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Almitas Capital LLC purchased a new stake in ASA Gold and Precious Metals in the third quarter valued at about $15,359,000. Landscape Capital Management L.L.C. acquired a new position in shares of ASA Gold and Precious Metals during the third quarter valued at about $6,411,000. Blue Bell Private Wealth Management LLC raised its position in shares of ASA Gold and Precious Metals by 9.3% in the 3rd 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 purchasing an additional 11,808 shares during the last quarter. Private Advisor Group LLC raised its position in shares of ASA Gold and Precious Metals by 3.2% in the 3rd quarter. Private Advisor Group LLC now owns 84,157 shares of the investment management company’s stock valued at $3,854,000 after purchasing an additional 2,622 shares during the last quarter. Finally, Noble Wealth Management PBC boosted its stake in ASA Gold and Precious Metals by 61.7% in the 4th quarter. Noble Wealth Management PBC now owns 73,354 shares of the investment management company’s stock worth $4,377,000 after purchasing an additional 27,987 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.