Insider Buying: ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Purchases 18,124 Shares of Stock

November 19, 2025 by InsiderTrades.com

Key Points

Saba Capital Management bought 18,124 shares of ASA on Nov. 17 at an average price of $47.35 ($858,171.40), bringing its direct holdings to 5,201,466 shares — a 0.35% increase in ownership.
Saba has been steadily accumulating ASA shares in late October and November with multiple purchases (e.g., 26,152 on Nov. 3, 20,070 on Nov. 4, 15,847 on Oct. 31 and 10,286 on Nov. 11), signaling active accumulation.
ASA announced a semi-annual dividend of $0.03 per share (a 12.0% yield), payable Nov. 19 to shareholders of record on Nov. 12, with an ex-dividend date of Nov. 12.

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. purchased 18,124 shares of the business's stock in a transaction that occurred on Monday, November 17th. The stock was bought at an average price of $47.35 per share, for a total transaction of $858,171.40. Following the purchase, the insider directly owned 5,201,466 shares in the company, valued at $246,289,415.10. The trade was a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

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Saba Capital Management, L.P. also recently made the following trade(s):

On Thursday, November 13th, Saba Capital Management, L.P. acquired 2,550 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $49.43 per share, with a total value of $126,046.50.
On Tuesday, November 11th, Saba Capital Management, L.P. bought 10,286 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $47.64 per share, for a total transaction 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 stock was bought at an average cost of $48.35 per share, for a total transaction of $193,109.90.
On Wednesday, November 5th, Saba Capital Management, L.P. purchased 928 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price 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 stock was bought at an average cost 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 purchased 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. acquired 15,847 shares of ASA Gold and Precious Metals stock. The shares were purchased 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 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. bought 9,128 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $45.32 per share, with a total value of $413,680.96.
On Tuesday, October 28th, Saba Capital Management, L.P. bought 12,847 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $45.32 per share, for a total transaction of $582,226.04.

ASA Gold and Precious Metals Trading Up 1.4%

NYSE:ASA opened at $47.55 on Wednesday. The company's 50 day moving average price is $45.81 and its 200-day moving average price is $37.62. ASA Gold and Precious Metals Limited has a 52 week low of $19.37 and a 52 week high of $53.76.

ASA Gold and Precious Metals Announces Dividend

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The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th will be paid a dividend of $0.03 per share. This represents a yield of 12.0%. The ex-dividend date is Wednesday, November 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sessa Capital IM L.P. grew 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 valued at $31,647,000 after purchasing an additional 378,327 shares during the period. Almitas Capital LLC bought a new position in shares of ASA Gold and Precious Metals in the 3rd quarter worth approximately $15,359,000. Medici Capital LLC purchased a new position in shares of ASA Gold and Precious Metals in the second quarter worth approximately $5,238,000. Landscape Capital Management L.L.C. purchased a new position in shares of ASA Gold and Precious Metals in the third quarter worth approximately $6,411,000. Finally, Cetera Investment Advisers grew 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 buying an additional 130,547 shares during the period.

Analyst Upgrades and Downgrades

2 Earnings Dumpers Worth a Second Look

Separately, Weiss Ratings restated a "buy (b+)" rating on shares of ASA Gold and Precious Metals in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, ASA Gold and Precious Metals has an average rating of "Buy".

Get Our Latest Stock Analysis on ASA

About ASA Gold and Precious Metals

(Get Free Report)

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.