Key Points
- Saba Capital Management purchased 6,788 shares of ASA on Feb. 4 at an average price of $66.45 ($451,062.60), bringing its direct holdings to 5,610,027 shares — a 0.12% increase in ownership.
- Between Jan. 15 and Feb. 4 the firm accumulated about 157,583 shares across multiple buys, spending roughly $11.1 million, indicating a sustained buying streak by the major shareholder.
- ASA trades near $65 with a 50-day/200-day moving average of $61.61/$48.70 and a 12‑month range of $23.93–$78.21, and analysts hold a consensus Buy rating (Weiss Ratings reaffirmed "buy (b)").
ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. acquired 6,788 shares of the stock in a transaction dated Wednesday, February 4th. The stock was bought at an average cost of $66.45 per share, with a total value of $451,062.60. Following the completion of the purchase, the insider directly owned 5,610,027 shares in the company, valued at approximately $372,786,294.15. The trade was a 0.12% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Tuesday, February 3rd, Saba Capital Management, L.P. purchased 28,333 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $66.14 per share, for a total transaction of $1,873,944.62.
- On Monday, February 2nd, Saba Capital Management, L.P. acquired 8,466 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $64.27 per share, for a total transaction of $544,109.82.
- On Friday, January 30th, Saba Capital Management, L.P. purchased 21,708 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $65.56 per share, for a total transaction of $1,423,176.48.
- On Thursday, January 29th, Saba Capital Management, L.P. acquired 17,075 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $74.59 per share, with a total value of $1,273,624.25.
- On Wednesday, January 28th, Saba Capital Management, L.P. bought 57,165 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $75.32 per share, with a total value of $4,305,667.80.
- On Tuesday, January 27th, Saba Capital Management, L.P. purchased 3,730 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $73.15 per share, for a total transaction of $272,849.50.
- On Monday, January 26th, Saba Capital Management, L.P. purchased 1,400 shares of ASA Gold and Precious Metals stock. The shares were acquired 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. acquired 3,723 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $66.08 per share, with a total value of $246,015.84.
- On Friday, January 16th, Saba Capital Management, L.P. bought 4,541 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $63.63 per share, for a total transaction of $288,943.83.
- On Thursday, January 15th, Saba Capital Management, L.P. bought 4,654 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $63.35 per share, with a total value of $294,830.90.
ASA Gold and Precious Metals Price Performance
Shares of ASA opened at $64.96 on Friday. The firm has a fifty day moving average price of $61.61 and a 200-day moving average price of $48.70. ASA Gold and Precious Metals Limited has a 12-month low of $23.93 and a 12-month high of $78.21.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of ASA Gold and Precious Metals in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, ASA Gold and Precious Metals has a consensus rating of "Buy".
View Our Latest Analysis on ASA
Institutional Investors Weigh In On ASA Gold and Precious Metals
Several hedge funds have recently modified their holdings of ASA. WHI TRUST Co LLC purchased a new position in ASA Gold and Precious Metals during the fourth quarter valued at approximately $30,000. Advisory Services Network LLC purchased a new stake in ASA Gold and Precious Metals during the third quarter worth $55,000. JPMorgan Chase & Co. bought a new stake in ASA Gold and Precious Metals during the 2nd quarter valued at $61,000. Farther Finance Advisors LLC bought a new stake in ASA Gold and Precious Metals during the 4th quarter valued at $95,000. Finally, AlphaStar Capital Management LLC purchased a new position in shares of ASA Gold and Precious Metals in the 4th quarter valued at $217,000.
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.
Further Reading
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