Key Points
- Saba Capital Management, L.P. bought 3,723 shares of ASA on Jan 20 at an average price of $66.08, bringing its direct stake to 5,465,362 shares valued at about $361.15 million (a 0.07% ownership increase).
- The Jan 20 trade is part of a broader early‑January accumulation — more than $4 million of ASA purchases across multiple days — and ASA shares are trading near their 12‑month high (opened $71.38; 12‑month high $72.04) with 50‑ and 200‑day moving averages of $57.36 and $46.12.
ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. purchased 3,723 shares of the stock in a transaction on Tuesday, January 20th. The stock was acquired at an average price of $66.08 per share, with a total value of $246,015.84. Following the acquisition, the insider directly owned 5,465,362 shares in the company, valued at $361,151,120.96. This trade represents a 0.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more 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 Friday, January 16th, Saba Capital Management, L.P. bought 4,541 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $63.63 per share, with a total value of $288,943.83.
- On Thursday, January 15th, Saba Capital Management, L.P. purchased 4,654 shares of ASA Gold and Precious Metals stock. The shares were bought 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. acquired 5,000 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost 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 purchased 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 shares were purchased at an average cost 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 stock was 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 shares were 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 shares were 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 price 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 bought at an average price of $60.32 per share, with a total value of $529,006.40.
ASA Gold and Precious Metals Stock Performance
Shares of ASA opened at $71.38 on Friday. ASA Gold and Precious Metals Limited has a 12 month low of $21.92 and a 12 month high of $72.04. The stock's 50-day moving average is $57.36 and its two-hundred day moving average is $46.12.
Institutional Trading of ASA Gold and Precious Metals
Several institutional investors have recently added to or reduced their stakes in ASA. Zazove Associates LLC acquired a new position in shares of ASA Gold and Precious Metals during the third quarter valued at $811,000. Wealth Enhancement Advisory Services LLC bought a new position in ASA Gold and Precious Metals during the second quarter valued at about $231,000. Blue Bell Private Wealth Management LLC raised its position in ASA Gold and Precious Metals by 9.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 138,355 shares of the investment management company's stock worth $6,337,000 after acquiring an additional 11,808 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in ASA Gold and Precious Metals in the 2nd quarter valued at about $1,213,000. Finally, Laurel Wealth Advisors LLC grew its position in 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 buying an additional 30,570 shares during the last quarter.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated 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, According to MarketBeat, the stock presently has an average rating of "Buy".
Check Out Our Latest Stock Analysis 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.
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