Key Points
- Saba Capital Management bought 7,283 shares of ASA on Nov. 25 at $48.75, bringing its direct holding to 5,258,391 shares valued at about $256.3 million (a 0.14% ownership increase).
- The Nov. 25 purchase was part of a larger November accumulation by Saba — roughly 112,877 shares were acquired across multiple trades during the month.
- ASA declared a semi‑annual dividend of $0.03 per share (about a 12.0% yield), and the stock recently traded around $51.14, up roughly 4.5%.
ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. bought 7,283 shares of the business's stock in a transaction on Tuesday, November 25th. The shares were acquired at an average price of $48.75 per share, with a total value of $355,046.25. Following the transaction, the insider directly owned 5,258,391 shares of the company's stock, valued at approximately $256,346,561.25. This trade represents a 0.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 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 acquired at an average cost 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 stock was acquired at an average cost 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 stock was 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. bought 2,268 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $47.20 per share, for a total transaction of $107,049.60.
- On Monday, November 17th, Saba Capital Management, L.P. bought 18,124 shares of ASA Gold and Precious Metals stock. The shares were bought 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 stock was 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. acquired 10,286 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $47.64 per share, for a total transaction 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 shares were 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, for a total transaction 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 purchased at an average cost of $44.49 per share, for a total transaction of $892,914.30.
ASA Gold and Precious Metals Stock Up 4.5%
Shares of NYSE:ASA opened at $51.14 on Thursday. The company has a 50 day moving average of $46.67 and a 200 day moving average of $38.31. ASA Gold and Precious Metals Limited has a 12 month low of $19.37 and a 12 month high of $53.76.
ASA Gold and Precious Metals Announces Dividend
The company also recently declared a semi-annual dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 12th were given a dividend of $0.03 per share. This represents a dividend yield of 12.0%. The ex-dividend date was Wednesday, November 12th.
Hedge Funds Weigh In On ASA Gold and Precious Metals
A number of hedge funds and other institutional investors have recently bought and sold shares of ASA. Advisory Services Network LLC bought a new position in shares of ASA Gold and Precious Metals in the 3rd quarter worth $55,000. JPMorgan Chase & Co. purchased a new position in ASA Gold and Precious Metals in the second quarter worth $61,000. Savant Capital LLC bought a new position in ASA Gold and Precious Metals in the third quarter valued at $220,000. Fruth Investment Management purchased a new stake in ASA Gold and Precious Metals during the first quarter valued at about $226,000. Finally, Steward Partners Investment Advisory LLC raised its position in ASA Gold and Precious Metals by 143.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company's stock valued at $229,000 after purchasing an additional 4,272 shares in the last quarter.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of ASA Gold and Precious Metals in a report on Wednesday, November 19th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy".
View Our Latest Stock Analysis on ASA Gold and Precious Metals
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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