Saba Capital Management, L.P. Buys 10,094 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. purchased 10,094 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was purchased at an average price of $48.16 per share, for a total transaction of $486,127.04. Following the completion of the acquisition, the insider owned 5,213,828 shares of the company’s stock, valued at approximately $251,097,956.48. This represents a 0.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Large 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 18th, Saba Capital Management, L.P. acquired 2,268 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $47.20 per share, with a total value of $107,049.60.
• On Monday, November 17th, Saba Capital Management, L.P. bought 18,124 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $47.35 per share, for a total transaction of $858,171.40.
• On Thursday, November 13th, Saba Capital Management, L.P. bought 2,550 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $49.43 per share, for a total transaction of $126,046.50.
• On Tuesday, November 11th, Saba Capital Management, L.P. purchased 10,286 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $47.64 per share, with a total value of $490,025.04.
• On Monday, November 10th, Saba Capital Management, L.P. acquired 3,994 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $48.35 per share, for a total transaction of $193,109.90.
• On Wednesday, November 5th, Saba Capital Management, L.P. acquired 928 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $44.68 per share, for a total transaction of $41,463.04.
• On Tuesday, November 4th, Saba Capital Management, L.P. bought 20,070 shares of ASA Gold and Precious Metals stock. The shares were acquired 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. purchased 26,152 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $46.21 per share, for a total transaction of $1,208,483.92.
• On Friday, October 31st, Saba Capital Management, L.P. purchased 15,847 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $46.10 per share, for a total transaction of $730,546.70.
• On Thursday, October 30th, Saba Capital Management, L.P. acquired 1,700 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $45.61 per share, with a total value of $77,537.00.

ASA Gold and Precious Metals Price Performance

Shares of NYSE:ASA traded down $1.91 during midday trading on Thursday, reaching $46.05. The company had a trading volume of 75,432 shares, compared to its average volume of 96,021. The business’s 50 day moving average price is $45.96 and its 200 day moving average price is $37.69. 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 business also recently declared a semi-annual dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a dividend yield of 12.0%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On ASA Gold and Precious Metals

A number of institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC increased its holdings in shares of ASA Gold and Precious Metals by 57.7% during the 1st quarter. Private Advisor Group LLC now owns 82,054 shares of the investment management company’s stock worth $2,473,000 after acquiring an additional 30,024 shares during the last quarter. Cetera Investment Advisers boosted its position in 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 worth $5,692,000 after purchasing an additional 130,547 shares during the period. Atria Wealth Solutions Inc. acquired a new position in shares of ASA Gold and Precious Metals in the first quarter valued at $235,000. Sprott Inc. raised its position in shares of ASA Gold and Precious Metals by 74.9% in the first quarter. Sprott Inc. now owns 280,183 shares of the investment management company’s stock valued at $8,445,000 after purchasing an additional 120,000 shares during the period. Finally, Walleye Capital LLC raised its position in shares of ASA Gold and Precious Metals by 43.4% in the first quarter. Walleye Capital LLC now owns 24,530 shares of the investment management company’s stock valued at $739,000 after purchasing an additional 7,419 shares during the period.

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.