Insider Buying: ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Acquires 13,696 Shares of Stock

December 16, 2025 by InsiderTrades.com

Key Points

Saba Capital Management bought 13,696 shares of ASA on Dec. 12 at $57.85 each ( ~$792,314), raising its stake to 5,328,891 shares valued at about $308.3 million — a 0.26% increase in its position.
The Dec. 12 purchase is part of a sustained accumulation by Saba in November–December (multiple buys ranging from ~7,000 to 27,500 shares), indicating continued insider/major-shareholder buying momentum.
ASA recently paid a semi‑annual dividend of $0.03 (a reported ~12% yield), the stock is trading near $57.63 (1‑year high ~$59.25), and Weiss Ratings reiterated a "Buy (B+)" on the shares.

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. acquired 13,696 shares of the business's stock in a transaction that occurred on Friday, December 12th. The shares were purchased at an average price of $57.85 per share, with a total value of $792,313.60. Following the completion of the transaction, the insider owned 5,328,891 shares of the company's stock, valued at $308,276,344.35. The trade was a 0.26% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

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Saba Capital Management, L.P. also recently made the following trade(s):

On Wednesday, December 10th, Saba Capital Management, L.P. bought 10,397 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $54.09 per share, for a total transaction of $562,373.73.
On Monday, December 8th, Saba Capital Management, L.P. purchased 7,542 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $52.40 per share, with a total value of $395,200.80.
On Friday, December 5th, Saba Capital Management, L.P. purchased 8,002 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $53.22 per share, for a total transaction of $425,866.44.
On Thursday, December 4th, Saba Capital Management, L.P. acquired 15,408 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $52.87 per share, for a total transaction of $814,620.96.
On Wednesday, December 3rd, Saba Capital Management, L.P. bought 9,576 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $53.37 per share, with a total value 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 acquired at an average cost of $52.82 per share, for a total transaction of $426,679.96.
On Monday, December 1st, Saba Capital Management, L.P. purchased 9,560 shares of ASA Gold and Precious Metals stock. The shares were acquired 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 stock was bought 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. bought 9,784 shares of ASA Gold and Precious Metals stock. The shares were bought 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 shares were bought at an average price of $47.41 per share, with a total value of $1,303,585.36.

ASA Gold and Precious Metals Price Performance

ASA Gold and Precious Metals stock opened at $57.63 on Tuesday. The company's 50 day simple moving average is $49.19 and its 200-day simple moving average is $40.58. ASA Gold and Precious Metals Limited has a 1 year low of $19.37 and a 1 year high of $59.25.

ASA Gold and Precious Metals Announces Dividend

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The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 12th were paid a $0.03 dividend. 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 reaffirmed a "buy (b+)" rating on shares of ASA Gold and Precious Metals in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy".

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Check Out Our Latest Research Report on ASA

Hedge Funds Weigh In On ASA Gold and Precious Metals

A number of institutional investors and hedge funds have recently made changes to their positions in ASA. Sessa Capital IM L.P. raised its holdings in 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 valued at $31,647,000 after acquiring an additional 378,327 shares in the last quarter. Almitas Capital LLC purchased a new stake in shares of ASA Gold and Precious Metals in the 3rd quarter valued at approximately $15,359,000. Medici Capital LLC acquired a new stake in shares of ASA Gold and Precious Metals in the 2nd quarter valued at $5,238,000. Landscape Capital Management L.L.C. acquired a new position in shares of ASA Gold and Precious Metals during the third quarter worth $6,411,000. Finally, Sprott Inc. grew its stake in shares of 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.

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.