Key Points
- Saba Capital Management bought 8,782 shares of ASA on Jan. 2 at an average $58.93 ($517,523), increasing its holding to 5,400,495 shares — a 0.16% rise in its position.
- The Jan. 2 trade was part of a broader accumulation: Saba bought about 63,738 shares of ASA between Dec. 16 and Jan. 2, totaling roughly $3.75 million in purchases.
- ASA opened at $60.45 (up 3.8%) and is trading near its 52‑week high of $63.02; analysts show a MarketBeat consensus "Buy" rating and Weiss Ratings reissued a "buy (b)".
ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. bought 8,782 shares of the business's stock in a transaction that occurred on Friday, January 2nd. The stock was acquired at an average cost of $58.93 per share, with a total value of $517,523.26. Following the completion of the acquisition, the insider owned 5,400,495 shares of the company's stock, valued at $318,251,170.35. This represents a 0.16% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions 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 acquired at an average cost of $59.99 per share, for a total transaction of $546,628.88.
- On Tuesday, December 30th, Saba Capital Management, L.P. acquired 6,892 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $60.34 per share, with a total value of $415,863.28.
- On Monday, December 29th, Saba Capital Management, L.P. bought 10,111 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $58.81 per share, for a total transaction of $594,627.91.
- On Friday, December 26th, Saba Capital Management, L.P. purchased 714 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $61.92 per share, with a total value of $44,210.88.
- On Wednesday, December 24th, Saba Capital Management, L.P. purchased 467 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $60.76 per share, with a total value of $28,374.92.
- On Tuesday, December 23rd, Saba Capital Management, L.P. acquired 2,524 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $61.75 per share, for a total transaction of $155,857.00.
- On Monday, December 22nd, Saba Capital Management, L.P. acquired 2,760 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $60.85 per share, with a total value of $167,946.00.
- On Thursday, December 18th, Saba Capital Management, L.P. bought 3,881 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $57.52 per share, with a total value of $223,235.12.
- On Wednesday, December 17th, Saba Capital Management, L.P. purchased 12,649 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price 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 shares were purchased at an average cost of $57.02 per share, with a total value of $333,338.92.
ASA Gold and Precious Metals Trading Up 3.8%
ASA stock opened at $60.45 on Tuesday. ASA Gold and Precious Metals Limited has a twelve month low of $20.63 and a twelve month high of $63.02. The firm's fifty day simple moving average is $52.80 and its two-hundred day simple moving average is $43.37.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in ASA Gold and Precious Metals during the 3rd quarter valued at about $55,000. JPMorgan Chase & Co. bought a new position in ASA Gold and Precious Metals in the 2nd quarter worth about $61,000. Savant Capital LLC purchased a new position in shares of ASA Gold and Precious Metals during the third quarter worth approximately $220,000. HB Wealth Management LLC bought a new stake in shares of ASA Gold and Precious Metals during the third quarter valued at approximately $295,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of ASA Gold and Precious Metals in the second quarter valued at approximately $231,000.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a "buy (b)" rating on shares of ASA Gold and Precious Metals in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, ASA Gold and Precious Metals presently has a consensus rating of "Buy".
Read Our Latest Analysis on ASA
ASA Gold and Precious Metals Company Profile
(
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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