Key Points
- Saba Capital Management, L.P. purchased 3,280 shares of ASA on January 6 at $61.80 each, bringing its stake to 5,412,545 shares valued at $334,495,281 — about a 0.06% increase.
- Saba executed multiple buys between December 22 and January 7 totaling roughly 57,010 shares worth about $3.42 million, indicating a steady accumulation of ASA stock.
- ASA shares trade around $61 (12‑month high $63.02) and carry a consensus Buy rating, with Weiss Ratings reissuing a "buy (b)" recommendation.
ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. acquired 3,280 shares of the firm's stock in a transaction that occurred on Tuesday, January 6th. The shares were purchased at an average price of $61.80 per share, with a total value of $202,704.00. Following the completion of the acquisition, the insider owned 5,412,545 shares of the company's stock, valued at $334,495,281. This represents a 0.06% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major 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, January 7th, Saba Capital Management, L.P. bought 3,598 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $59.78 per share, for a total transaction of $215,088.44.
- On Monday, January 5th, Saba Capital Management, L.P. purchased 8,770 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $60.32 per share, with a total value of $529,006.40.
- On Friday, January 2nd, Saba Capital Management, L.P. acquired 8,782 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $58.93 per share, for a total transaction of $517,523.26.
- On Wednesday, December 31st, Saba Capital Management, L.P. bought 9,112 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $59.99 per share, with a total value of $546,628.88.
- On Tuesday, December 30th, Saba Capital Management, L.P. bought 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. purchased 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. bought 714 shares of ASA Gold and Precious Metals stock. The stock was bought 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. bought 467 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $60.76 per share, for a total transaction of $28,374.92.
- On Tuesday, December 23rd, Saba Capital Management, L.P. purchased 2,524 shares of ASA Gold and Precious Metals stock. The shares were bought 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 shares were bought at an average cost of $60.85 per share, for a total transaction of $167,946.00.
ASA Gold and Precious Metals Trading Down 0.7%
Shares of ASA Gold and Precious Metals stock opened at $61.00 on Friday. ASA Gold and Precious Metals Limited has a 12-month low of $21.17 and a 12-month high of $63.02. The business's 50 day moving average is $53.74 and its 200-day moving average is $43.82.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a "buy (b)" rating on shares of ASA Gold and Precious Metals in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy".
Get Our Latest Stock Report on ASA
Institutional Investors Weigh In On ASA Gold and Precious Metals
A number of large investors have recently added to or reduced their stakes in the business. Walleye Capital LLC boosted its position in ASA Gold and Precious Metals by 1.4% during the second quarter. Walleye Capital LLC now owns 24,871 shares of the investment management company's stock worth $785,000 after purchasing an additional 341 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of ASA Gold and Precious Metals by 4.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,110 shares of the investment management company's stock worth $738,000 after buying an additional 681 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of ASA Gold and Precious Metals during the 3rd quarter worth about $55,000. JPMorgan Chase & Co. boosted its holdings in shares of ASA Gold and Precious Metals by 64.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,199 shares of the investment management company's stock worth $147,000 after buying an additional 1,257 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in ASA Gold and Precious Metals by 19.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,295 shares of the investment management company's stock valued at $511,000 after buying an additional 1,326 shares during 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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