Key Points
- Saba Capital Management bought 3,730 shares of ASA Gold and Precious Metals on Jan. 27 at $73.15 each (≈$272,850), bringing its stake to 5,470,492 shares valued at about $400.17 million — a 0.07% increase in ownership.
- The Jan. 27 purchase is part of a broader January buying spree by Saba, including a 57,165-share buy on Jan. 28 at $75.32 (~$4.31 million) and multiple other purchases across the month totaling several million dollars.
- ASA shares opened at $72.13 (1-year low $22.71, high $78.21) and have a consensus analyst rating of Buy, with Weiss Ratings reaffirming a "buy (b)" recommendation.
ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. purchased 3,730 shares of ASA Gold and Precious Metals stock in a transaction that occurred on Tuesday, January 27th. The shares were bought at an average price of $73.15 per share, for a total transaction of $272,849.50. Following the transaction, the insider owned 5,470,492 shares in the company, valued at $400,166,489.80. This represents a 0.07% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 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 Wednesday, January 28th, Saba Capital Management, L.P. acquired 57,165 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $75.32 per share, with a total value of $4,305,667.80.
- On Monday, January 26th, Saba Capital Management, L.P. bought 1,400 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $72.90 per share, with a total value of $102,060.00.
- On Tuesday, January 20th, Saba Capital Management, L.P. purchased 3,723 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $66.08 per share, for a total transaction of $246,015.84.
- On Friday, January 16th, Saba Capital Management, L.P. purchased 4,541 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $63.63 per share, with a total value of $288,943.83.
- On Thursday, January 15th, Saba Capital Management, L.P. acquired 4,654 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $63.35 per share, with a total value 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 stock was purchased at an average price of $63.82 per share, for a total transaction 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, with a total value of $978,252.24.
- On Monday, January 12th, Saba Capital Management, L.P. bought 9,508 shares of ASA Gold and Precious Metals stock. The shares were 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. purchased 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. acquired 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.
ASA Gold and Precious Metals Price Performance
Shares of NYSE:ASA opened at $72.13 on Friday. ASA Gold and Precious Metals Limited has a 1-year low of $22.71 and a 1-year high of $78.21. The business has a 50-day moving average price of $60.02 and a two-hundred day moving average price of $47.57.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of ASA Gold and Precious Metals in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy".
Read Our Latest Report on ASA
Institutional Trading of ASA Gold and Precious Metals
A number of hedge funds have recently modified their holdings of the company. Advisory Services Network LLC bought a new position in ASA Gold and Precious Metals during the 3rd quarter worth approximately $55,000. JPMorgan Chase & Co. bought a new position in shares of ASA Gold and Precious Metals during the second quarter worth $61,000. Farther Finance Advisors LLC acquired a new position in shares of ASA Gold and Precious Metals in the 4th quarter valued at $95,000. Savant Capital LLC bought a new stake in shares of ASA Gold and Precious Metals in the 3rd quarter valued at $220,000. Finally, Steward Partners Investment Advisory LLC increased its position in shares of ASA Gold and Precious Metals by 143.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company's stock valued at $229,000 after buying an additional 4,272 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.
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