Key Points
- Saba Capital Management bought 8,078 shares of ASA on Dec. 2 at an average price of $52.82 (total $426,679.96) and now directly owns 5,264,270 shares valued at about $278,058,741, a 0.15% position increase.
- The Dec. 2 trade is part of a sustained accumulation from Nov. 11–Dec. 3 that includes multiple purchases (the largest a 27,496‑share buy on Nov. 20), representing millions of dollars of buys in recent weeks.
- ASA shares recently traded near their 52‑week high (~$54) and the company pays a semi‑annual dividend of $0.03 per share, which the article reports as roughly a 12.0% yield.
ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. bought 8,078 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were acquired at an average price of $52.82 per share, with a total value of $426,679.96. Following the completion of the acquisition, the insider directly owned 5,264,270 shares of the company's stock, valued at approximately $278,058,741.40. The trade was a 0.15% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major 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 Wednesday, December 3rd, Saba Capital Management, L.P. bought 9,576 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $53.37 per share, with a total value of $511,071.12.
- On Monday, December 1st, Saba Capital Management, L.P. purchased 9,560 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $53.46 per share, for a total transaction of $511,077.60.
- On Tuesday, November 25th, Saba Capital Management, L.P. purchased 7,283 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $48.75 per share, for a total transaction 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 stock was purchased at an average cost of $46.94 per share, with a total value of $459,260.96.
- On Thursday, November 20th, Saba Capital Management, L.P. purchased 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 shares were purchased at an average price of $48.16 per share, for a total transaction 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 stock was 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 acquired 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 stock was acquired at an average price of $49.43 per share, for a total transaction 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 stock was acquired at an average cost of $47.64 per share, with a total value of $490,025.04.
ASA Gold and Precious Metals Stock Performance
Shares of NYSE:ASA traded up $1.13 during trading on Friday, hitting $54.02. 6,691 shares of the company's stock were exchanged, compared to its average volume of 94,369. The business's 50-day simple moving average is $47.86 and its 200 day simple moving average is $39.25. ASA Gold and Precious Metals Limited has a 52-week low of $19.37 and a 52-week high of $54.03.
ASA Gold and Precious Metals Dividend Announcement
The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 12th were issued a dividend of $0.03 per share. This represents a dividend yield of 12.0%. The ex-dividend date of this dividend was Wednesday, November 12th.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new stake in shares of ASA Gold and Precious Metals during the 3rd quarter valued at $55,000. Integrated Wealth Concepts LLC increased its position in ASA Gold and Precious Metals by 4.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,110 shares of the investment management company's stock valued at $738,000 after buying an additional 681 shares in the last quarter. Almitas Capital LLC purchased a new stake in ASA Gold and Precious Metals in the third quarter valued at about $15,359,000. Landscape Capital Management L.L.C. acquired a new stake in ASA Gold and Precious Metals in the 3rd quarter worth approximately $6,411,000. Finally, Private Advisor Group LLC grew its holdings in shares of ASA Gold and Precious Metals by 3.2% during the third quarter. Private Advisor Group LLC now owns 84,157 shares of the investment management company's stock valued at $3,854,000 after buying an additional 2,622 shares during the last quarter.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed 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 has a consensus rating of "Buy".
Check Out Our Latest Research Report on ASA
ASA Gold and Precious Metals Company Profile
(
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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