ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Buys 28,500 Shares of Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 28,500 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was bought at an average price of $44.08 per share, with a total value of $1,256,280.00. Following the completion of the acquisition, the insider owned 5,079,840 shares in the company, valued at $223,919,347.20. This represents a 0.56% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large 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 Friday, October 24th, Saba Capital Management, L.P. bought 22,335 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $45.97 per share, with a total value of $1,026,739.95.
• On Thursday, October 23rd, Saba Capital Management, L.P. bought 19,172 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $46.22 per share, with a total value of $886,129.84.
• On Wednesday, October 22nd, Saba Capital Management, L.P. bought 20,540 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $44.77 per share, with a total value of $919,575.80.
• On Tuesday, October 21st, Saba Capital Management, L.P. bought 24,550 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $45.20 per share, with a total value of $1,109,660.00.
• On Monday, October 20th, Saba Capital Management, L.P. bought 11,566 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $50.10 per share, with a total value of $579,456.60.
• On Wednesday, October 15th, Saba Capital Management, L.P. bought 13,170 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $51.71 per share, with a total value of $681,020.70.
• On Tuesday, October 14th, Saba Capital Management, L.P. bought 31,833 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $50.01 per share, with a total value of $1,591,968.33.
• On Monday, October 13th, Saba Capital Management, L.P. bought 8,437 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $49.02 per share, with a total value of $413,581.74.
• On Friday, October 10th, Saba Capital Management, L.P. bought 25,883 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $47.06 per share, with a total value of $1,218,053.98.
• On Thursday, October 9th, Saba Capital Management, L.P. bought 40,943 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $47.39 per share, with a total value of $1,940,288.77.

ASA Gold and Precious Metals Stock Performance

Shares of ASA Gold and Precious Metals stock opened at $45.50 on Wednesday. The business has a 50-day moving average of $43.04 and a 200-day moving average of $35.81. ASA Gold and Precious Metals Limited has a 1-year low of $19.37 and a 1-year high of $53.76.

ASA Gold and Precious Metals Dividend Announcement

The company also recently declared 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. This represents a yield of 14.0%. The ex-dividend date is Wednesday, November 12th.

Hedge Funds Weigh In On ASA Gold and Precious Metals

A number of hedge funds have recently bought and sold shares of ASA. JPMorgan Chase & Co. acquired a new position in ASA Gold and Precious Metals in the second quarter worth about $61,000. Fruth Investment Management acquired a new position in ASA Gold and Precious Metals in the first quarter valued at approximately $226,000. Steward Partners Investment Advisory LLC boosted its stake in ASA Gold and Precious Metals by 143.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company’s stock valued at $229,000 after acquiring an additional 4,272 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in ASA Gold and Precious Metals in the second quarter valued at approximately $231,000. Finally, Atria Wealth Solutions Inc. acquired a new position in ASA Gold and Precious Metals in the first quarter valued at approximately $235,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, ASA Gold and Precious Metals has a consensus 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.