ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Purchases 5,000 Shares

January 16, 2026 by InsiderTrades.com

Key Points

Saba Capital Management, L.P. purchased 15,162 ASA shares on Jan. 13 at an average of $64.52 (a $978,252.24 transaction), raising its stake to about 5,447,444 shares — a 0.28% increase.
The firm made multiple staged purchases from late December through mid‑January, indicating a pattern of systematic accumulation rather than a one‑off buy, which could support the share price.
Third‑party support: Weiss Ratings reiterated a Buy rating, and ASA shares are trading near their 12‑month high ($66.11) with 50‑day and 200‑day moving averages of $55.54 and $44.93, respectively.

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. purchased 5,000 shares of ASA Gold and Precious Metals stock in a transaction dated Wednesday, January 14th. The stock was bought at an average price of $63.82 per share, for a total transaction of $319,100.00. Following the completion of the purchase, the insider owned 5,452,444 shares in the company, valued at $347,974,976.08. This represents a 0.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company's stock 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 Tuesday, January 13th, Saba Capital Management, L.P. bought 15,162 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $64.52 per share, for a total transaction of $978,252.24.
On Monday, January 12th, Saba Capital Management, L.P. purchased 9,508 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $64.19 per share, with a total value of $610,318.52.
On Thursday, January 8th, Saba Capital Management, L.P. acquired 2,479 shares of ASA Gold and Precious Metals stock. The shares were purchased 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. bought 4,152 shares of ASA Gold and Precious Metals stock. The stock was purchased 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. purchased 3,598 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $59.78 per share, for a total transaction of $215,088.44.
On Tuesday, January 6th, Saba Capital Management, L.P. acquired 3,280 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $61.80 per share, with a total value of $202,704.00.
On Monday, January 5th, Saba Capital Management, L.P. acquired 8,770 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $60.32 per share, with a total value of $529,006.40.
On Friday, January 2nd, Saba Capital Management, L.P. bought 8,782 shares of ASA Gold and Precious Metals stock. The shares were 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 cost of $59.99 per share, for a total transaction of $546,628.88.
On Tuesday, December 30th, Saba Capital Management, L.P. purchased 6,892 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $60.34 per share, with a total value of $415,863.28.

ASA Gold and Precious Metals Trading Down 0.4%

Shares of NYSE:ASA opened at $63.58 on Friday. ASA Gold and Precious Metals Limited has a 52 week low of $21.57 and a 52 week high of $66.11. The firm's fifty day moving average is $55.54 and its 200-day moving average is $44.93.

Hedge Funds Weigh In On ASA Gold and Precious Metals

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Walleye Capital LLC grew its holdings in ASA Gold and Precious Metals by 1.4% during the 2nd quarter. Walleye Capital LLC now owns 24,871 shares of the investment management company's stock worth $785,000 after acquiring 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% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,110 shares of the investment management company's stock valued at $738,000 after purchasing an additional 681 shares during the period. Advisory Services Network LLC bought a new stake in shares of ASA Gold and Precious Metals during the 3rd quarter valued at about $55,000. JPMorgan Chase & Co. grew its stake in ASA Gold and Precious Metals by 64.7% during the third quarter. JPMorgan Chase & Co. now owns 3,199 shares of the investment management company's stock worth $147,000 after purchasing an additional 1,257 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in ASA Gold and Precious Metals by 19.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,295 shares of the investment management company's stock worth $511,000 after purchasing an additional 1,326 shares in the last quarter.

Key ASA Gold and Precious Metals News

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

Positive Sentiment: Saba Capital (a >10% holder) bought additional ASA stock across Jan 12–14 (multiple trades, including purchases at ~\$64/share), raising its stake to ~5.45M shares — a clear insider accumulation signal that can support the share price. Read More.
Positive Sentiment: Serial, staged buys (many small-to-medium transactions since late December) show a pattern of systematic accumulation rather than one-off buying, reducing the chance this is a transient trade. Read More.
Positive Sentiment: Third‑party support: Weiss Ratings recently reiterated a "Buy (B)" on ASA, which may reinforce investor confidence in the closed‑end precious‑metals vehicle. Read More.
Neutral Sentiment: Coverage and sector commentary (fund flows, performance pieces) are generating attention around precious‑metals vehicles broadly but do not change ASA’s reported holdings or strategy. Read More.
Negative Sentiment: Despite the insider buying, ASA is trading lower and remains volatile; near-term moves are likely driven by profit-taking, short-term metal-price swings and broader market sentiment rather than changes to the company’s fundamentals.

Wall Street Analyst Weigh In

2 Earnings Dumpers Worth a Second Look

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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy".

Check Out Our Latest Stock Analysis on ASA Gold and Precious Metals

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.