Key Points
- Saba Capital Management, L.P. purchased 9,560 shares of ASA on December 1 at an average price of $53.46 (total $511,077.60), bringing its direct stake to 5,256,192 shares valued at about $281.0 million and increasing ownership by 0.18%, as disclosed in an SEC filing.
- Saba made a string of additional buys throughout November—including larger purchases of 27,496 and 18,124 shares—spending several million dollars in total, signalling continued accumulation of ASA stock.
- ASA paid a semi‑annual dividend of $0.03 (a reported 12.0% yield) on November 19, and the stock recently traded near its 52‑week high ($53.76) with a 50‑day moving average around $47.47.
ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. bought 9,560 shares of the business's stock in a transaction dated Monday, December 1st. The stock was acquired at an average cost of $53.46 per share, for a total transaction of $511,077.60. Following the completion of the acquisition, the insider directly owned 5,256,192 shares in the company, valued at approximately $280,996,024.32. This trade represents a 0.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% 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 Tuesday, November 25th, Saba Capital Management, L.P. purchased 7,283 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $48.75 per share, with a total value of $355,046.25.
- On Friday, November 21st, Saba Capital Management, L.P. acquired 9,784 shares of ASA Gold and Precious Metals stock. The shares were 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 price of $47.41 per share, for a total transaction of $1,303,585.36.
- On Wednesday, November 19th, Saba Capital Management, L.P. bought 10,094 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost 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 price of $47.20 per share, with a total value of $107,049.60.
- On Monday, November 17th, Saba Capital Management, L.P. purchased 18,124 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $47.35 per share, for a total transaction of $858,171.40.
- 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 cost 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 cost of $47.64 per share, with a total value 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 price 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.
ASA Gold and Precious Metals Stock Down 1.3%
Shares of NYSE ASA opened at $52.93 on Wednesday. The stock has a fifty day moving average price of $47.47 and a 200 day moving average price of $39.06. 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 Announces Dividend
The company also recently announced a semi-annual dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 12th were issued a $0.03 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a dividend yield of 12.0%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a "buy (b+)" rating on shares of ASA Gold and Precious Metals in a report on Monday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".
Check Out Our Latest Report on ASA
Hedge Funds Weigh In On ASA Gold and Precious Metals
A number of large investors have recently made changes to their positions in ASA. Sessa Capital IM L.P. boosted its holdings in ASA Gold and Precious Metals by 56.3% during 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 buying an additional 378,327 shares in the last quarter. Almitas Capital LLC acquired a new stake 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 ASA Gold and Precious Metals in the 2nd quarter valued at approximately $5,238,000. Landscape Capital Management L.L.C. acquired a new position in ASA Gold and Precious Metals during the third quarter worth $6,411,000. Finally, Sprott Inc. boosted its position in ASA Gold and Precious Metals by 74.9% during the first 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.
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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