Insider Buying: ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Purchases 7,283 Shares of Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. bought 7,283 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was bought at an average cost of $48.75 per share, for a total transaction of $355,046.25. Following the completion of the acquisition, the insider directly owned 5,258,391 shares of the company’s stock, valued at approximately $256,346,561.25. This represents a 0.14% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% 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, November 21st, Saba Capital Management, L.P. purchased 9,784 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $46.94 per share, for a total transaction of $459,260.96.
• On Thursday, November 20th, Saba Capital Management, L.P. acquired 27,496 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $47.41 per share, with a total value of $1,303,585.36.
• On Wednesday, November 19th, Saba Capital Management, L.P. bought 10,094 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $48.16 per share, with a total value of $486,127.04.
• On Tuesday, November 18th, Saba Capital Management, L.P. bought 2,268 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $47.20 per share, for a total transaction of $107,049.60.
• On Monday, November 17th, Saba Capital Management, L.P. purchased 18,124 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $47.35 per share, for a total transaction of $858,171.40.
• On Thursday, November 13th, Saba Capital Management, L.P. purchased 2,550 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $49.43 per share, with a total value of $126,046.50.
• On Tuesday, November 11th, Saba Capital Management, L.P. acquired 10,286 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $47.64 per share, with a total value of $490,025.04.
• On Monday, November 10th, Saba Capital Management, L.P. bought 3,994 shares of ASA Gold and Precious Metals stock. The shares were 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. bought 928 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $44.68 per share, with a total value of $41,463.04.
• On Tuesday, November 4th, Saba Capital Management, L.P. purchased 20,070 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $44.49 per share, for a total transaction of $892,914.30.

ASA Gold and Precious Metals Trading Up 4.5%

Shares of ASA Gold and Precious Metals stock traded up $2.20 during trading on Wednesday, hitting $51.15. 21,501 shares of the company’s stock traded hands, compared to its average volume of 95,361. ASA Gold and Precious Metals Limited has a 1 year low of $19.37 and a 1 year high of $53.76. The business has a 50-day simple moving average of $46.47 and a 200-day simple moving average of $38.22.

ASA Gold and Precious Metals Dividend Announcement

The business also recently declared a semi-annual dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 12th were paid a $0.03 dividend. The ex-dividend date was Wednesday, November 12th. This represents a dividend yield of 12.0%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Several institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC bought a new stake in ASA Gold and Precious Metals during the third quarter valued at approximately $55,000. JPMorgan Chase & Co. bought a new position in ASA Gold and Precious Metals in the second quarter worth approximately $61,000. Savant Capital LLC purchased a new position in shares of ASA Gold and Precious Metals during the 3rd quarter worth $220,000. Fruth Investment Management bought a new stake in shares of ASA Gold and Precious Metals during the 1st quarter valued at $226,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of ASA Gold and Precious Metals by 143.4% during the 2nd 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.

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.