Key Points
- Saba Capital Management, L.P. bought 8,770 shares of ASA on Jan 5 at $60.32 per share for $529,006.40, raising its stake to 5,409,265 shares (a 0.16% increase) valued at about $326.3 million.
- The Jan 5 purchase is part of a string of recent accumulative buys by Saba between Dec 17 and Jan 5 (including larger lots on Dec 17 and Dec 29), indicating continued insider accumulation of ASA shares.
- ASA is trading near its 52‑week high (~$63) with 50‑ and 200‑day SMAs of $53.12 and $43.58, and Weiss Ratings has reissued a Buy, consistent with a consensus "Buy" rating.
ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. bought 8,770 shares of the firm's stock in a transaction that occurred on Monday, January 5th. The stock was bought at an average cost of $60.32 per share, for a total transaction of $529,006.40. Following the completion of the acquisition, the insider owned 5,409,265 shares in the company, valued at $326,286,864.80. This trade represents a 0.16% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% 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 Friday, January 2nd, Saba Capital Management, L.P. purchased 8,782 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $58.93 per share, with a total value of $517,523.26.
- On Wednesday, December 31st, Saba Capital Management, L.P. acquired 9,112 shares of ASA Gold and Precious Metals stock. The shares were bought 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 shares were bought at an average price 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 purchased at an average cost of $58.81 per share, with a total value of $594,627.91.
- On Friday, December 26th, Saba Capital Management, L.P. purchased 714 shares of ASA Gold and Precious Metals stock. The shares were 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. purchased 467 shares of ASA Gold and Precious Metals stock. The stock was purchased 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 stock was purchased 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. acquired 2,760 shares of ASA Gold and Precious Metals stock. The shares were purchased 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. bought 3,881 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $57.52 per share, for a total transaction of $223,235.12.
- On Wednesday, December 17th, Saba Capital Management, L.P. bought 12,649 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $57.49 per share, with a total value of $727,191.01.
ASA Gold and Precious Metals Price Performance
NYSE:ASA opened at $61.71 on Wednesday. The business's 50-day simple moving average is $53.12 and its two-hundred day simple moving average is $43.58. ASA Gold and Precious Metals Limited has a 52 week low of $20.98 and a 52 week high of $63.02.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a "buy (b)" rating on shares of ASA Gold and Precious Metals in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, ASA Gold and Precious Metals has a consensus rating of "Buy".
Read Our Latest Stock Analysis on ASA Gold and Precious Metals
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in ASA. Almitas Capital LLC bought a new stake in shares of ASA Gold and Precious Metals in the third quarter worth about $15,359,000. Medici Capital LLC purchased a new position in ASA Gold and Precious Metals during the 2nd quarter valued at approximately $5,238,000. Landscape Capital Management L.L.C. bought a new stake in ASA Gold and Precious Metals in the 3rd quarter worth approximately $6,411,000. Blue Bell Private Wealth Management LLC raised its holdings in shares of ASA Gold and Precious Metals by 9.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 138,355 shares of the investment management company's stock worth $6,337,000 after acquiring an additional 11,808 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of ASA Gold and Precious Metals by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 84,157 shares of the investment management company's stock worth $3,854,000 after acquiring an additional 2,622 shares in the last quarter.
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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