Insider Buying: ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Buys 40,222 Shares of Stock

February 13, 2026 by InsiderTrades.com

Key Points

Saba Capital Management, L.P. purchased 40,222 shares of ASA on Feb. 11 at an average price of $72.09 (≈$2.90M), bringing its total stake to about 5,769,608 shares valued near $415.9M — a 0.70% increase in its position.
Saba has repeatedly accumulated ASA across late Jan.–Feb. with multiple large buys (e.g., 62,201 shares on Feb. 10 and 57,165 on Jan. 28), signaling sustained conviction and providing potential near‑term demand support.
Despite the insider buying, ASA shares were down ~5.8% on the day; the stock sits above its 50‑ and 200‑day moving averages and closer to its 52‑week high, so future flows from large holders will likely influence the share price direction.

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. purchased 40,222 shares of ASA Gold and Precious Metals stock in a transaction dated Wednesday, February 11th. The stock was acquired at an average price of $72.09 per share, for a total transaction of $2,899,603.98. Following the completion of the acquisition, the insider owned 5,769,608 shares of the company's stock, valued at approximately $415,931,040.72. This trade represents a 0.70% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

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Saba Capital Management, L.P. also recently made the following trade(s):

On Tuesday, February 10th, Saba Capital Management, L.P. acquired 62,201 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $71.10 per share, with a total value of $4,422,491.10.
On Monday, February 9th, Saba Capital Management, L.P. acquired 25,939 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $69.99 per share, for a total transaction of $1,815,470.61.
On Friday, February 6th, Saba Capital Management, L.P. bought 15,796 shares of ASA Gold and Precious Metals stock. The stock was 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. bought 15,423 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $64.31 per share, with a total value of $991,853.13.
On Wednesday, February 4th, Saba Capital Management, L.P. bought 6,788 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $66.45 per share, with a total value of $451,062.60.
On Tuesday, February 3rd, Saba Capital Management, L.P. purchased 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. purchased 8,466 shares of ASA Gold and Precious Metals stock. The stock was 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 shares were bought at an average price 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 stock was bought 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 bought at an average cost of $75.32 per share, for a total transaction of $4,305,667.80.

ASA Gold and Precious Metals Stock Down 5.8%

ASA Gold and Precious Metals stock opened at $68.03 on Friday. The company has a 50 day moving average price of $63.27 and a 200-day moving average price of $49.95. ASA Gold and Precious Metals Limited has a fifty-two week low of $23.93 and a fifty-two week high of $78.21.

Hedge Funds Weigh In On ASA Gold and Precious Metals

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Several institutional investors have recently bought and sold shares of the business. Almitas Capital LLC purchased a new stake in ASA Gold and Precious Metals during the third quarter worth $15,359,000. Blue Bell Private Wealth Management LLC increased its holdings in shares of ASA Gold and Precious Metals by 3.6% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 143,341 shares of the investment management company's stock valued at $8,553,000 after acquiring an additional 4,986 shares during the period. Landscape Capital Management L.L.C. bought a new position in shares of ASA Gold and Precious Metals in the 3rd quarter worth $6,411,000. Private Advisor Group LLC lifted its stake in shares of ASA Gold and Precious Metals by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 84,157 shares of the investment management company's stock worth $3,854,000 after purchasing an additional 2,622 shares during the last quarter. Finally, Noble Wealth Management PBC lifted its stake in shares of ASA Gold and Precious Metals by 61.7% during the 4th quarter. Noble Wealth Management PBC now owns 73,354 shares of the investment management company's stock worth $4,377,000 after purchasing an additional 27,987 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of ASA Gold and Precious Metals in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, ASA Gold and Precious Metals presently has an average rating of "Buy".

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Check Out Our Latest Research Report on ASA

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 has stepped up buying across multiple days (notable blocks include 62,201 shares on Feb. 10 at ~$71.10 and additional lots Feb. 9–11), signaling conviction from a large, active holder — this sustained accumulation can provide near‑term demand support for ASA. Saba Feb.10 SEC Filing
Positive Sentiment: Multiple filings and media summaries document repeated buys at gradually higher prices over late Jan.–Feb., indicating accumulation rather than a one‑time trade — that pattern tends to support momentum and investor confidence while it persists. MarketBeat insider summary
Neutral Sentiment: Saba’s position is now large and concentrated (reported holdings ~5.7–5.8M shares, value in the hundreds of millions). That concentration amplifies the impact of their trades: continued buying is bullish, but any decision to unwind could exert meaningful selling pressure. Saba Feb.11 SEC Filing
Neutral Sentiment: Technical backdrop: ASA sits above its 50‑ and 200‑day moving averages and closer to its 52‑week high than low; trading volume is modestly above average — technicals are constructive but depend on continued positive flows. Market data
Negative Sentiment: The stock is down today with elevated volume, suggesting profit‑taking or rotation that has overcome the supportive insider buying for now — watch whether Saba continues to buy or if selling intensifies, which would pressure the share price. Intraday trading note

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.