ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Acquires 8,437 Shares

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. purchased 8,437 shares of the firm’s stock in a transaction that occurred on Monday, October 13th. The stock was bought at an average price of $49.02 per share, with a total value of $413,581.74. Following the transaction, the insider directly owned 4,802,402 shares in the company, valued at $235,413,746.04. This trade represents a 0.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major 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, October 10th, Saba Capital Management, L.P. purchased 25,883 shares of ASA Gold and Precious Metals stock. The stock was bought 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. purchased 40,943 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $47.39 per share, with a total value of $1,940,288.77.
• On Wednesday, October 8th, Saba Capital Management, L.P. purchased 23,813 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $48.17 per share, with a total value of $1,147,072.21.
• On Tuesday, October 7th, Saba Capital Management, L.P. purchased 46,649 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $46.50 per share, with a total value of $2,169,178.50.
• On Friday, September 19th, Saba Capital Management, L.P. acquired 5,779 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $41.78 per share, with a total value of $241,446.62.
• On Thursday, September 18th, Saba Capital Management, L.P. acquired 9,200 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $40.64 per share, with a total value of $373,888.00.
• On Wednesday, September 17th, Saba Capital Management, L.P. acquired 16,670 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $41.30 per share, with a total value of $688,471.00.
• On Tuesday, September 16th, Saba Capital Management, L.P. acquired 91,385 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $41.50 per share, with a total value 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 shares were acquired at an average price of $41.39 per share, with a total value 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 shares were acquired at an average price of $40.91 per share, with a total value of $4,467,617.46.

ASA Gold and Precious Metals Stock Performance

Shares of NYSE ASA opened at $50.14 on Wednesday. ASA Gold and Precious Metals Limited has a one year low of $19.37 and a one year high of $50.75. The business has a 50-day moving average price of $40.44 and a two-hundred day moving average price of $34.29.

ASA Gold and Precious Metals Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, November 12th. This represents a yield of 14.0%.

Institutional Investors Weigh In On ASA Gold and Precious Metals

A number of hedge funds and other institutional investors have recently made changes to their positions in ASA. Sessa Capital IM L.P. raised its stake in shares of ASA Gold and Precious Metals by 56.3% during the 1st quarter. Sessa Capital IM L.P. now owns 1,050,000 shares of the investment management company’s stock worth $31,647,000 after purchasing an additional 378,327 shares in the last quarter. Medici Capital LLC purchased a new stake in shares of ASA Gold and Precious Metals during the 2nd quarter worth about $5,238,000. Cetera Investment Advisers raised its stake in shares of ASA Gold and Precious Metals by 223.9% during the 1st 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 in the last quarter. Sprott Inc. raised its stake in shares of ASA Gold and Precious Metals by 74.9% during the 1st quarter. Sprott Inc. now owns 280,183 shares of the investment management company’s stock worth $8,445,000 after purchasing an additional 120,000 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new position in shares of ASA Gold and Precious Metals in the 2nd quarter valued at approximately $1,213,000.

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, October 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock 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.