Saba Capital Management, L.P. Buys 23,813 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 23,813 shares of the firm’s stock in a transaction on Wednesday, October 8th. The shares were bought at an average cost of $48.17 per share, for a total transaction of $1,147,072.21. Following the purchase, the insider owned 4,727,139 shares of the company’s stock, valued at approximately $227,706,285.63. The trade was a 0.51% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Tuesday, October 7th, Saba Capital Management, L.P. bought 46,649 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $46.50 per share, for a total transaction of $2,169,178.50.
• On Friday, September 19th, Saba Capital Management, L.P. bought 5,779 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $41.78 per share, for a total transaction of $241,446.62.
• On Thursday, September 18th, Saba Capital Management, L.P. bought 9,200 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $40.64 per share, for a total transaction of $373,888.00.
• On Wednesday, September 17th, Saba Capital Management, L.P. bought 16,670 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $41.30 per share, for a total transaction of $688,471.00.
• On Tuesday, September 16th, Saba Capital Management, L.P. bought 91,385 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $41.50 per share, for a total transaction of $3,792,477.50.
• On Monday, September 15th, Saba Capital Management, L.P. acquired 17,256 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $41.39 per share, for a total transaction of $714,225.84.
• On Friday, September 12th, Saba Capital Management, L.P. acquired 109,206 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $40.91 per share, for a total transaction of $4,467,617.46.
• On Thursday, September 11th, Saba Capital Management, L.P. acquired 96,286 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $40.40 per share, for a total transaction of $3,889,954.40.
• On Wednesday, September 10th, Saba Capital Management, L.P. acquired 19,126 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $40.34 per share, for a total transaction of $771,542.84.
• On Tuesday, September 9th, Saba Capital Management, L.P. acquired 31,225 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $40.06 per share, for a total transaction of $1,250,873.50.

ASA Gold and Precious Metals Price Performance

Shares of ASA Gold and Precious Metals stock opened at $46.77 on Friday. ASA Gold and Precious Metals Limited has a twelve month low of $19.37 and a twelve month high of $49.14. The company’s fifty day moving average is $39.76 and its 200 day moving average is $33.96.

ASA Gold and Precious Metals Dividend Announcement

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 paid a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a dividend yield of 14.0%.

Institutional Trading of ASA Gold and Precious Metals

A number of institutional investors have recently bought and sold shares of ASA. NBC Securities Inc. boosted its position in ASA Gold and Precious Metals by 128,600.0% during the first quarter. NBC Securities Inc. now owns 1,287 shares of the investment management company’s stock valued at $38,000 after acquiring an additional 1,286 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in ASA Gold and Precious Metals during the first quarter valued at $220,000. Private Advisor Group LLC raised its holdings in shares of ASA Gold and Precious Metals by 57.7% during the first quarter. Private Advisor Group LLC now owns 82,054 shares of the investment management company’s stock valued at $2,473,000 after purchasing an additional 30,024 shares during the period. Blue Bell Private Wealth Management LLC raised its holdings in shares of ASA Gold and Precious Metals by 3.0% during the first quarter. Blue Bell Private Wealth Management LLC now owns 116,268 shares of the investment management company’s stock valued at $3,504,000 after purchasing an additional 3,345 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of ASA Gold and Precious Metals by 223.9% during the first quarter. Cetera Investment Advisers now owns 188,855 shares of the investment management company’s stock valued at $5,692,000 after purchasing an additional 130,547 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research note on Wednesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

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.