Key Points
- Saba Capital Management purchased 6,892 shares of ASA Gold & Precious Metals on Dec. 30 at an average cost of $60.34 per share for $415,863, bringing its direct holding to 5,382,601 shares valued at about $324.8 million.
- Across December Saba executed multiple buys (including 9,112 on Dec. 31 and 10,111 on Dec. 29), adding roughly 62,822 shares in total — a modest 0.13% increase in its position.
- ASA shares recently traded around $58.18 with a 12‑month range of $20.63–$63.02, and Weiss Ratings reaffirmed a "buy (b)" rating (consensus rating: Buy).
ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. bought 6,892 shares of ASA Gold and Precious Metals stock in a transaction dated Tuesday, December 30th. The stock was purchased at an average cost of $60.34 per share, for a total transaction of $415,863.28. Following the completion of the acquisition, the insider directly owned 5,382,601 shares of the company's stock, valued at approximately $324,786,144.34. The trade was a 0.13% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% 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 31st, Saba Capital Management, L.P. purchased 9,112 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $59.99 per share, with a total value of $546,628.88.
- On Monday, December 29th, Saba Capital Management, L.P. purchased 10,111 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $58.81 per share, with a total value of $594,627.91.
- On Friday, December 26th, Saba Capital Management, L.P. acquired 714 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $61.92 per share, for a total transaction of $44,210.88.
- On Wednesday, December 24th, Saba Capital Management, L.P. acquired 467 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $60.76 per share, for a total transaction of $28,374.92.
- On Tuesday, December 23rd, Saba Capital Management, L.P. bought 2,524 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $61.75 per share, with a total value of $155,857.00.
- On Monday, December 22nd, Saba Capital Management, L.P. purchased 2,760 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $60.85 per share, for a total transaction of $167,946.00.
- On Thursday, December 18th, Saba Capital Management, L.P. purchased 3,881 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $57.52 per share, for a total transaction of $223,235.12.
- On Wednesday, December 17th, Saba Capital Management, L.P. acquired 12,649 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $57.49 per share, with a total value 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 acquired at an average cost of $57.02 per share, with a total value of $333,338.92.
- On Monday, December 15th, Saba Capital Management, L.P. bought 7,866 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $58.10 per share, for a total transaction of $457,014.60.
ASA Gold and Precious Metals Stock Performance
Shares of NYSE ASA opened at $58.18 on Friday. ASA Gold and Precious Metals Limited has a 12-month low of $20.63 and a 12-month high of $63.02. The firm's 50-day moving average price is $52.48 and its 200-day moving average price is $43.05.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of ASA Gold and Precious Metals in a research note on Monday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy".
Check Out Our Latest Stock Analysis on ASA Gold and Precious Metals
Institutional Trading of ASA Gold and Precious Metals
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sessa Capital IM L.P. lifted its stake 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 last quarter. Fruth Investment Management bought a new position in shares of ASA Gold and Precious Metals during the first quarter valued at approximately $226,000. Medici Capital LLC purchased a new stake in shares of ASA Gold and Precious Metals in the second quarter worth approximately $5,238,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of ASA Gold and Precious Metals during the 2nd quarter worth approximately $231,000. Finally, Atria Wealth Solutions Inc. boosted its holdings in ASA Gold and Precious Metals by 30.1% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 10,145 shares of the investment management company's stock valued at $320,000 after acquiring an additional 2,350 shares during the period.
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.
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