ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. bought 25,939 shares of the company's stock in a transaction on Monday, February 9th. The stock was purchased at an average price of $69.99 per share, with a total value of $1,815,470.61. Following the completion of the transaction, the insider directly owned 5,667,185 shares of the company's stock, valued at approximately $396,646,278.15. The trade was a 0.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more 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 Tuesday, February 10th, Saba Capital Management, L.P. purchased 62,201 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $71.10 per share, for a total transaction of $4,422,491.10.
- On Friday, February 6th, Saba Capital Management, L.P. bought 15,796 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $65.91 per share, for a total transaction of $1,041,114.36.
- On Thursday, February 5th, Saba Capital Management, L.P. purchased 15,423 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $64.31 per share, for a total transaction of $991,853.13.
- On Wednesday, February 4th, Saba Capital Management, L.P. purchased 6,788 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $66.45 per share, for a total transaction 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 stock was 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 stock was purchased 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. purchased 21,708 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $65.56 per share, for a total transaction of $1,423,176.48.
- On Thursday, January 29th, Saba Capital Management, L.P. bought 17,075 shares of ASA Gold and Precious Metals stock. The shares were acquired 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. acquired 57,165 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost 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 bought at an average price of $73.15 per share, with a total value of $272,849.50.
ASA Gold and Precious Metals Stock Up 1.1%
ASA opened at $72.29 on Thursday. The company has a fifty day moving average price of $62.97 and a two-hundred day moving average price of $49.83. ASA Gold and Precious Metals Limited has a 1-year low of $23.93 and a 1-year high of $78.21.
Institutional Investors Weigh In On ASA Gold and Precious Metals
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Zazove Associates LLC bought a new stake in shares of ASA Gold and Precious Metals in the 3rd quarter worth $811,000. Blue Bell Private Wealth Management LLC boosted its holdings in ASA Gold and Precious Metals by 9.3% during 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 purchasing an additional 11,808 shares during the last quarter. Laurel Wealth Advisors LLC grew its position in ASA Gold and Precious Metals by 3,057.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 31,570 shares of the investment management company's stock worth $1,000,000 after purchasing an additional 30,570 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in ASA Gold and Precious Metals in the 2nd quarter worth about $1,213,000. Finally, Dymon Asia Capital Singapore PTE. LTD. purchased a new stake in ASA Gold and Precious Metals in the 2nd quarter valued at about $370,000.
ASA Gold and Precious Metals News Roundup
Here are the key news stories impacting ASA Gold and Precious Metals this week:
- Positive Sentiment: Saba Capital bought 62,201 shares on Feb. 10 at an average price of $71.10, increasing its position by ~1.10% and pushing its holding to roughly 5.73M shares — a clear vote of confidence from a large holder. Read More.
- Positive Sentiment: The Feb. 10 purchase follows multiple earlier buys (Feb. 9: 25,939 shares at $69.99; Feb. 5 and several late‑Jan purchases), showing sustained accumulation rather than a one‑off trade — this sustained buying likely supports short‑term momentum. Read More.
- Neutral Sentiment: Saba now holds a large, concentrated stake (reported value ≈$407M). That concentration can lift the stock while they buy, but it also means future selling by Saba could exert downward pressure; monitor subsequent SEC filings for changes. Read More.
- Neutral Sentiment: Technical/context: ASA is trading above its 50‑day (~$62.6) and 200‑day (~$49.7) moving averages and remains nearer its 52‑week high than low — technicals favor further upside if flows continue. Trading volume is slightly above average, consistent with the insider activity. Read More.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated 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 MarketBeat.com, the company presently has an average rating of "Buy".
View Our Latest Report 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.
Further Reading
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