Insider Buying: ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Buys 9,508 Shares of Stock

January 14, 2026 by InsiderTrades.com

Key Points

Saba Capital Management, L.P. (a >10% holder) bought 9,508 ASA shares on Jan 12 at an average price of $64.19, raising its stake to 5,432,282 shares valued at roughly $348.7 million (a 0.18% increase).
Ongoing accumulation: Saba made multiple staged purchases from Dec 26–Jan 12 (several thousand shares each at about $59–$64), indicating continued confidence rather than a one‑off trade and drawing broader institutional interest.
Stock context and volatility: ASA opened at $63.85, has a 1‑year range of $21.57–$66.12 with 50‑ and 200‑day moving averages of $54.81 and $44.66, respectively, but remains volatile despite insider buying and a Weiss Ratings "Buy".

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. bought 9,508 shares of the firm's stock in a transaction dated Monday, January 12th. The shares were acquired at an average price of $64.19 per share, with a total value of $610,318.52. Following the completion of the transaction, the insider owned 5,432,282 shares of the company's stock, valued at approximately $348,698,181.58. The trade was a 0.18% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

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Saba Capital Management, L.P. also recently made the following trade(s):

On Thursday, January 8th, Saba Capital Management, L.P. purchased 2,479 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $60.71 per share, for a total transaction of $150,500.09.
On Friday, January 9th, Saba Capital Management, L.P. acquired 4,152 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $62.03 per share, with a total value of $257,548.56.
On Wednesday, January 7th, Saba Capital Management, L.P. acquired 3,598 shares of ASA Gold and Precious Metals stock. The stock was bought 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 bought 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 shares were bought 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. purchased 8,782 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price 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 stock was purchased 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. bought 6,892 shares of ASA Gold and Precious Metals stock. The shares were purchased 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 shares were purchased at an average cost 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 shares were purchased at an average price of $61.92 per share, for a total transaction of $44,210.88.

ASA Gold and Precious Metals Stock Performance

ASA stock opened at $63.85 on Wednesday. ASA Gold and Precious Metals Limited has a 1-year low of $21.57 and a 1-year high of $66.12. The business has a 50-day moving average price of $54.81 and a 200 day moving average price of $44.66.

Trending Headlines about ASA Gold and Precious Metals

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Here are the key news stories impacting ASA Gold and Precious Metals this week:

Positive Sentiment: Saba Capital (a >10% holder) has been consistently buying ASA shares across December–January, most recently purchasing 9,508 shares at ~$64.19 on Jan 12 — a continued accumulation that signals confidence from a large shareholder. SEC Filing — Saba Jan 12 Purchase
Positive Sentiment: Multiple recent small-to-medium purchases from Saba (Jan 2–9) show a pattern of staged buys at ~$59–$62, adding to their >5.4M share position and reducing the risk of a one-off trade. MarketBeat Insider Trades
Positive Sentiment: Institutional activity shows new and increased positions (Almitas Capital, Medici Capital, Landscape Capital, Wolverine Asset Management), indicating broader fund-level interest in ASA’s closed-end precious-metals exposure. Institutional Holdings — MarketBeat
Positive Sentiment: Weiss Ratings recently reiterated a "Buy (B)" on ASA, supporting the published consensus Buy rating and potentially reinforcing investor confidence. Weiss Ratings
Neutral Sentiment: Sector coverage and ownership-disclosure stories (Kalkine, MarketBeat) are providing context on precious-metals fund flows but don’t directly change ASA’s fundamentals. Explore Ownership Disclosures — Kalkine
Neutral Sentiment: Macro/sector commentary (e.g., a MarketBeat piece on a fund that surged in 2025) may influence sentiment for precious-metals vehicles broadly but is not ASA-specific. This Fund Soared 200% — MarketBeat
Negative Sentiment: Despite insider and institutional buying, ASA is trading lower today and remains volatile; short-term price movement may reflect profit-taking, broader market movements in metals, or fund flow shifts rather than a change in the ownership signal.

Hedge Funds Weigh In On ASA Gold and Precious Metals

A number of large investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of ASA Gold and Precious Metals in the 2nd quarter valued at about $231,000. Atria Wealth Solutions Inc. lifted its position in ASA Gold and Precious Metals by 30.1% during the second 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 last quarter. Wolverine Asset Management LLC purchased a new stake in ASA Gold and Precious Metals during the second quarter valued at approximately $1,213,000. JPMorgan Chase & Co. acquired a new stake in ASA Gold and Precious Metals in the second quarter valued at approximately $61,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in ASA Gold and Precious Metals by 143.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company's stock worth $229,000 after purchasing an additional 4,272 shares during the last quarter.

Analyst Ratings Changes

2 Earnings Dumpers Worth a Second Look

Separately, Weiss Ratings reiterated a "buy (b)" rating on shares of ASA Gold and Precious Metals in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy".

Check Out Our Latest Report on ASA Gold and Precious Metals

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.