Key Points
- Saba Capital Management bought 12,649 ASA shares on Dec. 17 at $57.49 for $727,191.01, increasing its direct stake to 5,355,252 shares valued at $307,873,437.48 (a 0.24% ownership increase).
- Ongoing accumulation: Saba executed multiple purchases throughout December, acquiring a total of 108,620 ASA shares during the month, indicating sustained insider buying.
- Market context: ASA opened at $57.19, trades above its 200-day moving average ($40.99) with a 12‑month range of $19.46–$59.25, and Weiss Ratings recently 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. acquired 5,846 shares of the company's stock in a transaction that occurred on Tuesday, December 16th. The stock was purchased at an average price of $57.02 per share, for a total transaction of $333,338.92. Following the purchase, the insider owned 5,342,603 shares of the company's stock, valued at $304,635,223.06. The trade was a 0.11% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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 Wednesday, December 17th, Saba Capital Management, L.P. purchased 12,649 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $57.49 per share, for a total transaction of $727,191.01.
- On Monday, December 15th, Saba Capital Management, L.P. acquired 7,866 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $58.10 per share, with a total value of $457,014.60.
- On Friday, December 12th, Saba Capital Management, L.P. bought 13,696 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $57.85 per share, with a total value of $792,313.60.
- On Wednesday, December 10th, Saba Capital Management, L.P. bought 10,397 shares of ASA Gold and Precious Metals stock. The stock was acquired 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 shares were acquired 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. acquired 8,002 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $53.22 per share, with a total value 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 bought 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 stock was bought at an average cost of $53.37 per share, for a total transaction of $511,071.12.
- On Tuesday, December 2nd, Saba Capital Management, L.P. acquired 8,078 shares of ASA Gold and Precious Metals stock. The shares were 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. bought 9,560 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $53.46 per share, for a total transaction of $511,077.60.
ASA Gold and Precious Metals Trading Down 0.8%
NYSE:ASA opened at $57.19 on Friday. The company has a fifty day moving average of $49.79 and a 200 day moving average of $40.99. ASA Gold and Precious Metals Limited has a 52 week low of $19.46 and a 52 week high of $59.25.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Sprott Inc. lifted its position in shares of ASA Gold and Precious Metals by 74.9% in the 1st 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 during the period. Walleye Capital LLC raised its stake in ASA Gold and Precious Metals by 43.4% in the first quarter. Walleye Capital LLC now owns 24,530 shares of the investment management company's stock worth $739,000 after buying an additional 7,419 shares in the last quarter. Sessa Capital IM L.P. lifted 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 worth $31,647,000 after buying an additional 378,327 shares during the period. Fruth Investment Management purchased a new stake in ASA Gold and Precious Metals in the first quarter worth about $226,000. Finally, Medici Capital LLC bought a new stake in ASA Gold and Precious Metals during the 2nd quarter valued at approximately $5,238,000.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a "buy (b+)" rating on shares of ASA Gold and Precious Metals in a research note on Monday, December 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy".
Read Our Latest Analysis on ASA Gold and Precious Metals
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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