Key Points
- Saba Capital Management bought 15,423 shares of ASA on Feb 5 at an average price of $64.31, bringing its holding to 5,625,450 shares valued at about $361.8 million (a 0.27% increase), with the transaction disclosed in an SEC filing.
- The firm has been on a noticeable buying spree from Jan 20–Feb 6, acquiring roughly ~179,600 shares across multiple trades, signaling active accumulation of ASA stock.
- ASA opened at $70.78, trading above its 50-day moving average ($62.21) and 200-day moving average ($49.40), sits within a 1-year range of $23.93–$78.21, and carries an average analyst rating of Buy (Weiss Ratings restated a "buy (b)").
ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. purchased 15,423 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was bought at an average price of $64.31 per share, with a total value of $991,853.13. Following the completion of the acquisition, the insider owned 5,625,450 shares in the company, valued at $361,772,689.50. This represents a 0.27% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large 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, February 6th, Saba Capital Management, L.P. bought 15,796 shares of ASA Gold and Precious Metals stock. The stock was bought at an average cost of $65.91 per share, with a total value of $1,041,114.36.
- On Wednesday, February 4th, Saba Capital Management, L.P. bought 6,788 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $66.45 per share, with a total value of $451,062.60.
- On Tuesday, February 3rd, Saba Capital Management, L.P. bought 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. purchased 8,466 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $64.27 per share, for a total transaction of $544,109.82.
- On Friday, January 30th, Saba Capital Management, L.P. acquired 21,708 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average cost of $65.56 per share, with a total value 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 shares were purchased at an average price of $74.59 per share, for a total transaction 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 purchased at an average cost of $75.32 per share, for a total transaction 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 shares were purchased at an average cost of $73.15 per share, with a total value 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 purchased at an average cost of $72.90 per share, for a total transaction 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 stock was purchased at an average price of $66.08 per share, for a total transaction of $246,015.84.
ASA Gold and Precious Metals Price Performance
NYSE:ASA opened at $70.78 on Tuesday. The firm has a 50-day moving average of $62.21 and a two-hundred day moving average of $49.40. ASA Gold and Precious Metals Limited has a 1-year low of $23.93 and a 1-year high of $78.21.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a "buy (b)" rating on shares of ASA Gold and Precious Metals in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy".
Check Out Our Latest Analysis on ASA
Hedge Funds Weigh In On ASA Gold and Precious Metals
A number of hedge funds have recently bought and sold shares of the company. WHI TRUST Co LLC acquired a new stake in ASA Gold and Precious Metals during the fourth quarter valued at approximately $30,000. Advisory Services Network LLC bought a new stake in shares of ASA Gold and Precious Metals in the 3rd quarter valued at approximately $55,000. JPMorgan Chase & Co. acquired a new stake in shares of ASA Gold and Precious Metals during the 2nd quarter valued at approximately $61,000. Farther Finance Advisors LLC bought a new position in ASA Gold and Precious Metals during the fourth quarter worth $95,000. Finally, AlphaStar Capital Management LLC bought a new position in ASA Gold and Precious Metals during the fourth quarter worth $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.
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