ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. acquired 7,542 shares of the business's stock in a transaction that occurred on Monday, December 8th. The shares were acquired at an average cost of $52.40 per share, for a total transaction of $395,200.80. Following the completion of the acquisition, the insider owned 5,304,798 shares of the company's stock, valued at $277,971,415.20. This trade represents a 0.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Friday, December 5th, Saba Capital Management, L.P. bought 8,002 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $53.22 per share, with a total value of $425,866.44.
- On Thursday, December 4th, Saba Capital Management, L.P. bought 15,408 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $52.87 per share, for a total transaction of $814,620.96.
- On Wednesday, December 3rd, Saba Capital Management, L.P. purchased 9,576 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $53.37 per share, for a total transaction of $511,071.12.
- On Tuesday, December 2nd, Saba Capital Management, L.P. purchased 8,078 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $52.82 per share, with a total value of $426,679.96.
- On Monday, December 1st, Saba Capital Management, L.P. acquired 9,560 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $53.46 per share, with a total value of $511,077.60.
- On Tuesday, November 25th, Saba Capital Management, L.P. acquired 7,283 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $48.75 per share, for a total transaction of $355,046.25.
- On Friday, November 21st, Saba Capital Management, L.P. bought 9,784 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price 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 shares were purchased 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. purchased 10,094 shares of ASA Gold and Precious Metals stock. The stock was 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. acquired 2,268 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $47.20 per share, for a total transaction of $107,049.60.
ASA Gold and Precious Metals Trading Up 3.3%
NYSE ASA opened at $53.79 on Wednesday. ASA Gold and Precious Metals Limited has a 52 week low of $19.37 and a 52 week high of $54.69. The company has a 50 day moving average price of $48.31 and a 200 day moving average price of $39.86.
ASA Gold and Precious Metals Dividend Announcement
The firm 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. The ex-dividend date of this dividend 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 report on Monday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy".
Get Our Latest Stock Analysis on ASA Gold and Precious Metals
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new stake in shares of ASA Gold and Precious Metals during the third quarter worth $55,000. JPMorgan Chase & Co. acquired a new position in shares of ASA Gold and Precious Metals in the 2nd quarter valued at $61,000. Savant Capital LLC purchased a new position in ASA Gold and Precious Metals in the 3rd quarter worth $220,000. Fruth Investment Management acquired a new stake in ASA Gold and Precious Metals during the 1st quarter worth about $226,000. Finally, Steward Partners Investment Advisory LLC grew its stake in ASA Gold and Precious Metals by 143.4% during the 2nd 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 during the last quarter.
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.
Further Reading
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