Key Points
- Saba Capital Management purchased 4,541 shares on Jan. 16 at an average of $63.63, bringing its stake to 5,461,639 shares valued at $347,524,089.57 (a 0.08% increase).
- Saba made multiple purchases of ASA between Jan. 2–16 totaling about $4.36 million, indicating active accumulation over the period.
- ASA shares opened at $66.55 (up 4.9%)—near the 52‑week high of $66.68—and the stock has 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. acquired 4,541 shares of the firm's stock in a transaction that occurred on Friday, January 16th. The stock was purchased at an average cost of $63.63 per share, with a total value of $288,943.83. Following the acquisition, the insider owned 5,461,639 shares in the company, valued at $347,524,089.57. The trade was a 0.08% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Thursday, January 15th, Saba Capital Management, L.P. acquired 4,654 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $63.35 per share, for a total transaction of $294,830.90.
- On Wednesday, January 14th, Saba Capital Management, L.P. bought 5,000 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $63.82 per share, with a total value of $319,100.00.
- On Tuesday, January 13th, Saba Capital Management, L.P. bought 15,162 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $64.52 per share, with a total value 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 acquired at an average cost of $64.19 per share, for a total transaction of $610,318.52.
- On Thursday, January 8th, Saba Capital Management, L.P. purchased 2,479 shares of ASA Gold and Precious Metals stock. The shares were acquired 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 stock was acquired at an average cost 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 acquired at an average price 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 acquired 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. bought 8,770 shares of ASA Gold and Precious Metals stock. The shares were bought 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 bought at an average cost of $58.93 per share, with a total value of $517,523.26.
ASA Gold and Precious Metals Trading Up 4.9%
Shares of NYSE ASA opened at $66.55 on Wednesday. ASA Gold and Precious Metals Limited has a fifty-two week low of $21.81 and a fifty-two week high of $66.68. The stock has a fifty day moving average of $56.57 and a 200-day moving average of $45.79.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat.com, the company has a consensus rating of "Buy".
Check Out Our Latest Stock Report on ASA Gold and Precious Metals
Institutional Trading of ASA Gold and Precious Metals
Several institutional investors and hedge funds have recently modified their holdings of ASA. 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. bought a new stake in ASA Gold and Precious Metals during the second quarter valued at approximately $61,000. DKM Wealth Management Inc. purchased a new position in ASA Gold and Precious Metals in the 4th quarter worth approximately $239,000. Savant Capital LLC bought a new position in shares of ASA Gold and Precious Metals in the 3rd quarter worth $220,000. Finally, Stratos Wealth Partners LTD. bought a new position in shares of ASA Gold and Precious Metals in the 4th quarter worth $307,000.
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
