Saba Capital Management, L.P. Acquires 928 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 928 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was purchased at an average price of $44.68 per share, with a total value of $41,463.04. Following the completion of the transaction, the insider directly owned 5,166,512 shares of the company’s stock, valued at $230,839,756.16. This trade represents a 0.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed 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 Tuesday, November 4th, Saba Capital Management, L.P. bought 20,070 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $44.49 per share, with a total value of $892,914.30.
• On Monday, November 3rd, Saba Capital Management, L.P. bought 26,152 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $46.21 per share, with a total value of $1,208,483.92.
• On Friday, October 31st, Saba Capital Management, L.P. bought 15,847 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $46.10 per share, with a total value of $730,546.70.
• On Thursday, October 30th, Saba Capital Management, L.P. bought 1,700 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $45.61 per share, with a total value of $77,537.00.
• On Wednesday, October 29th, Saba Capital Management, L.P. acquired 9,128 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $45.32 per share, with a total value of $413,680.96.
• On Tuesday, October 28th, Saba Capital Management, L.P. acquired 12,847 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $45.32 per share, with a total value of $582,226.04.
• On Monday, October 27th, Saba Capital Management, L.P. acquired 28,500 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $44.08 per share, with a total value of $1,256,280.00.
• On Friday, October 24th, Saba Capital Management, L.P. acquired 22,335 shares of ASA Gold and Precious Metals stock. The shares were bought 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. acquired 19,172 shares of ASA Gold and Precious Metals stock. The shares were bought 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. acquired 20,540 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $44.77 per share, with a total value of $919,575.80.

ASA Gold and Precious Metals Price Performance

Shares of ASA traded up $0.21 during mid-day trading on Thursday, reaching $45.70. The company’s stock had a trading volume of 37,789 shares, compared to its average volume of 97,331. The business has a fifty day moving average of $44.18 and a 200 day moving average of $36.44. 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 Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, November 19th. Stockholders 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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Walleye Capital LLC lifted its stake in ASA Gold and Precious Metals by 1.4% during the second quarter. Walleye Capital LLC now owns 24,871 shares of the investment management company’s stock worth $785,000 after purchasing an additional 341 shares during the period. JPMorgan Chase & Co. bought a new position in shares of ASA Gold and Precious Metals in the second quarter valued at approximately $61,000. Atria Wealth Solutions Inc. raised its stake in shares of ASA Gold and Precious Metals by 30.1% in the second quarter. Atria Wealth Solutions Inc. now owns 10,145 shares of the investment management company’s stock valued at $320,000 after acquiring an additional 2,350 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its stake in shares of ASA Gold and Precious Metals by 3.0% in 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 acquiring an additional 3,345 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of 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 last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of ASA Gold and Precious Metals in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

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.