Key Points
- Saba Capital Management, L.P. purchased 2,479 shares of ASA on Jan 8 at an average price of $60.71, bringing its stake to 5,418,622 shares valued at about $328.96 million (a 0.05% increase).
- Saba has been actively accumulating ASA between Dec 24 and Jan 9, buying roughly 58,357 shares across multiple trades for about $3.5 million in total.
- ASA shares opened at $64.21 (up 3.8%) and are trading near a one‑year high (~$64.74); the stock carries a consensus Buy rating with Weiss Ratings reiterating a "buy (b)".
ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. purchased 2,479 shares of the firm's stock in a transaction on Thursday, January 8th. The shares were purchased at an average cost of $60.71 per share, with a total value of $150,500.09. Following the completion of the purchase, the insider owned 5,418,622 shares in the company, valued at $328,964,541.62. This represents a 0.05% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% 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 Friday, January 9th, Saba Capital Management, L.P. acquired 4,152 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $62.03 per share, for a total transaction of $257,548.56.
- On Wednesday, January 7th, Saba Capital Management, L.P. bought 3,598 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $59.78 per share, with a total value of $215,088.44.
- On Tuesday, January 6th, Saba Capital Management, L.P. bought 3,280 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $61.80 per share, for a total transaction of $202,704.00.
- On Monday, January 5th, Saba Capital Management, L.P. purchased 8,770 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $60.32 per share, for a total transaction of $529,006.40.
- On Friday, January 2nd, Saba Capital Management, L.P. purchased 8,782 shares of ASA Gold and Precious Metals stock. The stock was acquired 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 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 price of $60.34 per share, for a total transaction 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 shares were acquired 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. bought 714 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price 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 cost of $60.76 per share, for a total transaction of $28,374.92.
ASA Gold and Precious Metals Trading Up 3.8%
Shares of NYSE:ASA opened at $64.21 on Tuesday. The stock has a fifty day moving average of $54.41 and a 200-day moving average of $44.43. ASA Gold and Precious Metals Limited has a one year low of $21.17 and a one year high of $64.74.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a "buy (b)" rating on shares of ASA Gold and Precious Metals in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".
Read Our Latest Stock Analysis on ASA
Institutional Trading of ASA Gold and Precious Metals
Several hedge funds and other institutional investors have recently modified their holdings of ASA. Almitas Capital LLC purchased a new position in shares of ASA Gold and Precious Metals during the third quarter valued at $15,359,000. Medici Capital LLC purchased a new position in ASA Gold and Precious Metals during the 2nd quarter valued at about $5,238,000. Landscape Capital Management L.L.C. acquired a new position in shares of ASA Gold and Precious Metals in the 3rd quarter valued at about $6,411,000. Wolverine Asset Management LLC acquired a new position in shares of ASA Gold and Precious Metals in the 2nd quarter valued at about $1,213,000. Finally, Laurel Wealth Advisors LLC lifted its position in shares of ASA Gold and Precious Metals by 3,057.0% in the second quarter. Laurel Wealth Advisors LLC now owns 31,570 shares of the investment management company's stock worth $1,000,000 after purchasing an additional 30,570 shares in the last quarter.
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.
Further Reading
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