Key Points
- Saba Capital Management, L.P. purchased 9,784 shares of ASA on Nov 21 at an average price of $46.94, bringing its stake to 5,251,108 shares valued at about $246.5 million (a 0.19% increase).
- Saba executed a string of buys throughout November, acquiring roughly 131,746 shares in total across multiple trades for about $6.2 million, signaling continued accumulation.
- ASA is trading near $48.46, has a 50-day average of $46.31 and a 1-year range of $19.37–$53.76, and recently paid a semi-annual dividend of $0.03 (a reported 12.0% yield).
ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. bought 9,784 shares of the company's stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average cost of $46.94 per share, for a total transaction of $459,260.96. Following the transaction, the insider owned 5,251,108 shares in the company, valued at $246,487,009.52. The trade was a 0.19% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Thursday, November 20th, Saba Capital Management, L.P. bought 27,496 shares of ASA Gold and Precious Metals stock. The shares were acquired 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. acquired 10,094 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $48.16 per share, with a total value of $486,127.04.
- On Tuesday, November 18th, Saba Capital Management, L.P. purchased 2,268 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $47.20 per share, with a total value of $107,049.60.
- On Monday, November 17th, Saba Capital Management, L.P. acquired 18,124 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $47.35 per share, with a total value 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 stock was purchased 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 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. acquired 3,994 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $48.35 per share, with a total value of $193,109.90.
- On Wednesday, November 5th, Saba Capital Management, L.P. acquired 928 shares of ASA Gold and Precious Metals stock. The shares were bought 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. bought 20,070 shares of ASA Gold and Precious Metals stock. The shares were 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. acquired 26,152 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $46.21 per share, with a total value of $1,208,483.92.
ASA Gold and Precious Metals Stock Performance
ASA opened at $48.46 on Tuesday. The business has a fifty day simple moving average of $46.31 and a 200 day simple moving average of $38.09. 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. Investors of record on Wednesday, November 12th were given a $0.03 dividend. The ex-dividend date was Wednesday, November 12th. This represents a dividend yield of 12.0%.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a "buy (b)" rating on shares of ASA Gold and Precious Metals in a research note on Wednesday, November 19th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, ASA Gold and Precious Metals has an average rating of "Buy".
Read Our Latest Research Report on ASA
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Sessa Capital IM L.P. grew its stake in shares of ASA Gold and Precious Metals by 56.3% in the first 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 during the last quarter. Almitas Capital LLC acquired a new position in ASA Gold and Precious Metals during the 3rd quarter worth about $15,359,000. Sprott Inc. grew its position in shares of ASA Gold and Precious Metals by 74.9% in the 1st quarter. Sprott Inc. now owns 280,183 shares of the investment management company's stock valued at $8,445,000 after buying an additional 120,000 shares during the last quarter. Cetera Investment Advisers grew its position in shares of ASA Gold and Precious Metals by 223.9% in the 1st 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 last quarter. Finally, Medici Capital LLC bought a new position in shares of ASA Gold and Precious Metals during the second quarter worth about $5,238,000.
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.
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