Key Points
- Saba Capital Management, L.P. purchased 3,881 shares of ASA on Dec. 18 at $57.52 (≈$223,235), bringing its direct stake to 5,359,133 shares valued at about $308.26 million — a 0.07% increase.
- Saba accumulated roughly 102,941 shares of ASA between Dec. 2–18, buying across multiple days at prices mostly between $52.40 and $58.10, signaling active accumulation in the period.
- ASA opened at $61.66, trades in a 52-week range of $19.72–$62.65 (50-day MA $50.28, 200-day MA $41.46), and carries a consensus Buy rating with Weiss Ratings at "buy (b+)."
ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. purchased 3,881 shares of the company's stock in a transaction that occurred on Thursday, December 18th. The stock was acquired at an average cost of $57.52 per share, with a total value of $223,235.12. Following the transaction, the insider directly owned 5,359,133 shares of the company's stock, valued at approximately $308,257,330.16. This represents a 0.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 17th, Saba Capital Management, L.P. acquired 12,649 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $57.49 per share, for a total transaction of $727,191.01.
- On Tuesday, December 16th, Saba Capital Management, L.P. acquired 5,846 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $57.02 per share, for a total transaction of $333,338.92.
- On Monday, December 15th, Saba Capital Management, L.P. purchased 7,866 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $58.10 per share, for a total transaction 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 stock was purchased at an average cost of $57.85 per share, for a total transaction 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 shares were purchased at an average price of $54.09 per share, with a total value 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 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 stock was purchased at an average price 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 purchased 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 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. acquired 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.
ASA Gold and Precious Metals Stock Performance
Shares of ASA stock opened at $61.66 on Tuesday. ASA Gold and Precious Metals Limited has a 52 week low of $19.72 and a 52 week high of $62.65. The stock's fifty day moving average is $50.28 and its 200-day moving average is $41.46.
Hedge Funds Weigh In On ASA Gold and Precious Metals
Large investors have recently made changes to their positions in the company. Sessa Capital IM L.P. increased its position 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 purchasing an additional 378,327 shares during the period. Almitas Capital LLC bought a new position in shares of ASA Gold and Precious Metals in the 3rd quarter valued at about $15,359,000. Medici Capital LLC bought a new position in shares of ASA Gold and Precious Metals in the 2nd quarter valued at about $5,238,000. Landscape Capital Management L.L.C. acquired a new stake in shares of ASA Gold and Precious Metals during the 3rd quarter worth approximately $6,411,000. Finally, Blue Bell Private Wealth Management LLC raised its stake in shares of ASA Gold and Precious Metals by 9.3% during the third quarter. Blue Bell Private Wealth Management LLC now owns 138,355 shares of the investment management company's stock worth $6,337,000 after buying an additional 11,808 shares during the last quarter.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated 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, the company has a consensus rating of "Buy".
Check Out Our Latest Analysis on ASA
About ASA Gold and Precious Metals
(
Get Free Report)
ASA Gold & Precious Metals Limited, trading on the New York Stock Exchange under the ticker ASA, is a closed-end investment company dedicated to providing shareholders with targeted exposure to the precious metals sector. Established in 1959 and domiciled in Guernsey, the company aims to combine dividend income with the potential for long-term capital appreciation by investing in a diversified suite of gold, silver, platinum and palladium assets.
The firm’s core activities involve constructing and managing a portfolio that blends equity positions in precious metals mining companies with direct holdings of physical bullion.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
