Saba Capital Management, L.P. Acquires 2,760 Shares of ASA Gold and Precious Metals (NYSE:ASA) Stock

by · The Cerbat Gem

ASA Gold and Precious Metals Limited (NYSE:ASA – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 2,760 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was purchased at an average cost of $60.85 per share, for a total transaction of $167,946.00. Following the completion of the acquisition, the insider directly owned 5,361,893 shares of the company’s stock, valued at approximately $326,271,189.05. This trade represents a 0.05% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more 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, December 23rd, Saba Capital Management, L.P. bought 2,524 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $61.75 per share, for a total transaction of $155,857.00.
  • On Thursday, December 18th, Saba Capital Management, L.P. purchased 3,881 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $57.52 per share, for a total transaction of $223,235.12.
  • On Wednesday, December 17th, Saba Capital Management, L.P. purchased 12,649 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $57.49 per share, with a total value of $727,191.01.
  • On Tuesday, December 16th, Saba Capital Management, L.P. acquired 5,846 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $57.02 per share, with a total value of $333,338.92.
  • On Monday, December 15th, Saba Capital Management, L.P. acquired 7,866 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $58.10 per share, for a total transaction of $457,014.60.
  • On Friday, December 12th, Saba Capital Management, L.P. bought 13,696 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average cost of $57.85 per share, with a total value of $792,313.60.
  • On Wednesday, December 10th, Saba Capital Management, L.P. bought 10,397 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $54.09 per share, with a total value of $562,373.73.
  • On Monday, December 8th, Saba Capital Management, L.P. purchased 7,542 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average cost of $52.40 per share, for a total transaction of $395,200.80.
  • On Friday, December 5th, Saba Capital Management, L.P. purchased 8,002 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $53.22 per share, for a total transaction of $425,866.44.
  • On Thursday, December 4th, Saba Capital Management, L.P. acquired 15,408 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $52.87 per share, with a total value of $814,620.96.

ASA Gold and Precious Metals Stock Performance

Shares of ASA stock traded down $3.23 on Monday, hitting $59.22. The company had a trading volume of 162,813 shares, compared to its average volume of 93,717. ASA Gold and Precious Metals Limited has a twelve month low of $19.98 and a twelve month high of $63.02. The company has a 50-day moving average price of $51.36 and a 200-day moving average price of $42.45.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of ASA Gold and Precious Metals in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

View Our Latest Stock Report on ASA

Hedge Funds Weigh In On ASA Gold and Precious Metals

Several institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC purchased a new position in ASA Gold and Precious Metals during the third quarter worth approximately $55,000. JPMorgan Chase & Co. acquired a new position in shares of ASA Gold and Precious Metals during the 2nd quarter worth approximately $61,000. Savant Capital LLC acquired a new position in shares of ASA Gold and Precious Metals during the 3rd quarter worth approximately $220,000. HB Wealth Management LLC purchased a new position in shares of ASA Gold and Precious Metals during the 3rd quarter valued at approximately $295,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in ASA Gold and Precious Metals in the 2nd quarter valued at $231,000.

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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