Insider Buying: ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Buys $457,014.60 in Stock

December 17, 2025 by InsiderTrades.com

Key Points

Saba Capital Management, L.P. bought 7,866 shares of ASA on Dec. 15 at $58.10 for $457,014.60, bringing its stake to 5,336,757 shares valued at about $310.07 million (a 0.15% ownership increase).
Saba has been steadily accumulating ASA over November–December, purchasing a total of 107,192 shares across multiple trades for roughly $5.71 million, signaling ongoing insider accumulation.
ASA shares opened at $57.31 (1‑year high $59.25) and the company recently paid a semi‑annual $0.03 dividend (reported yield 12.0%); Weiss Ratings reissued a "buy (B+)" on the stock.

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. purchased 7,866 shares of ASA Gold and Precious Metals stock in a transaction that occurred on Monday, December 15th. The stock was bought at an average cost of $58.10 per share, with a total value of $457,014.60. Following the completion of the transaction, the insider owned 5,336,757 shares of the company's stock, valued at $310,065,581.70. The trade was a 0.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company's stock 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 Friday, December 12th, Saba Capital Management, L.P. bought 13,696 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $57.85 per share, with a total value of $792,313.60.
On Wednesday, December 10th, Saba Capital Management, L.P. purchased 10,397 shares of ASA Gold and Precious Metals stock. The shares were 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. acquired 7,542 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $52.40 per share, with a total value of $395,200.80.
On Friday, December 5th, Saba Capital Management, L.P. bought 8,002 shares of ASA Gold and Precious Metals stock. The stock was acquired 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 shares were acquired 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. bought 9,576 shares of ASA Gold and Precious Metals stock. The stock was 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. bought 8,078 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price 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 cost of $53.46 per share, with a total value of $511,077.60.
On Tuesday, November 25th, Saba Capital Management, L.P. bought 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 stock was bought at an average cost of $46.94 per share, for a total transaction of $459,260.96.

ASA Gold and Precious Metals Stock Up 0.0%

Shares of NYSE ASA opened at $57.31 on Wednesday. ASA Gold and Precious Metals Limited has a 1-year low of $19.37 and a 1-year high of $59.25. The stock has a fifty day moving average price of $49.40 and a 200 day moving average price of $40.76.

ASA Gold and Precious Metals Announces Dividend

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The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th were issued a $0.03 dividend. This represents a yield of 12.0%. The ex-dividend date of this dividend was Wednesday, November 12th.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Several hedge funds have recently bought and sold shares of ASA. Wealth Enhancement Advisory Services LLC purchased a new stake in ASA Gold and Precious Metals during the second quarter worth $231,000. Sessa Capital IM L.P. boosted its position in shares of ASA Gold and Precious Metals by 56.3% in the 1st 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. Walleye Capital LLC grew its stake in ASA Gold and Precious Metals by 43.4% in the 1st quarter. Walleye Capital LLC now owns 24,530 shares of the investment management company's stock valued at $739,000 after acquiring an additional 7,419 shares during the last quarter. Medici Capital LLC purchased a new position in ASA Gold and Precious Metals during the 2nd quarter valued at about $5,238,000. Finally, Wolverine Asset Management LLC acquired a new position in ASA Gold and Precious Metals during the second quarter worth about $1,213,000.

Wall Street Analysts Forecast Growth

2 Earnings Dumpers Worth a Second Look

Separately, Weiss Ratings reissued a "buy (b+)" rating on shares of ASA Gold and Precious Metals in a research note on Monday, December 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy".

View Our Latest 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.