ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Buys $1,109,660.00 in Stock

ASA Gold and Precious Metals Limited (NYSE:ASA) major shareholder Saba Capital Management, L.P. acquired 24,550 shares of ASA Gold and Precious Metals stock in a transaction that occurred on Tuesday, October 21st. The stock was acquired at an average cost of $45.20 per share, with a total value of $1,109,660.00. Following the purchase, the insider directly owned 4,989,293 shares of the company’s stock, valued at $225,516,043.60. This represents a 0.49% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 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 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 cost of $44.77 per share, for a total transaction of $919,575.80.
• On Monday, October 20th, Saba Capital Management, L.P. bought 11,566 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $50.10 per share, for a total transaction of $579,456.60.
• On Wednesday, October 15th, Saba Capital Management, L.P. purchased 13,170 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $51.71 per share, with a total value of $681,020.70.
• On Tuesday, October 14th, Saba Capital Management, L.P. purchased 31,833 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $50.01 per share, for a total transaction of $1,591,968.33.
• On Monday, October 13th, Saba Capital Management, L.P. acquired 8,437 shares of ASA Gold and Precious Metals stock. The shares were purchased 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 purchased at an average cost 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 purchased at an average cost of $47.39 per share, for a total transaction 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 shares were acquired at an average cost of $48.17 per share, for a total transaction of $1,147,072.21.
• On Tuesday, October 7th, Saba Capital Management, L.P. acquired 46,649 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $46.50 per share, with a total value of $2,169,178.50.
• On Friday, September 19th, Saba Capital Management, L.P. bought 5,779 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $41.78 per share, for a total transaction of $241,446.62.

ASA Gold and Precious Metals Stock Down 1.7%

Shares of NYSE:ASA opened at $45.48 on Friday. The business’s 50-day moving average is $42.61 and its 200 day moving average is $35.49. 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 announced 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. The ex-dividend date is Wednesday, November 12th. This represents a yield of 14.0%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Several hedge funds and other institutional investors have recently bought and sold shares of ASA. Sessa Capital IM L.P. raised its position in 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 buying an additional 378,327 shares during the last quarter. Medici Capital LLC purchased a new position in shares of ASA Gold and Precious Metals during the second quarter worth $5,238,000. Cetera Investment Advisers lifted 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 valued at $5,692,000 after purchasing an additional 130,547 shares during the period. Sprott Inc. boosted its holdings in 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 last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in ASA Gold and Precious Metals during the 2nd quarter worth about $1,213,000.

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.