ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Buys $55,136.00 in Stock

Key Points

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ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. purchased 1,600 shares of the company's stock in a transaction on Monday, August 18th. The stock was purchased at an average price of $34.46 per share, for a total transaction of $55,136.00. Following the purchase, the insider directly owned 4,062,461 shares of the company's stock, valued at $139,992,406.06. This trade represents a 0.04% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% 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 Tuesday, August 19th, Saba Capital Management, L.P. purchased 9,943 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $33.99 per share, for a total transaction of $337,962.57.
• On Friday, August 15th, Saba Capital Management, L.P. bought 10,000 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $34.53 per share, for a total transaction of $345,300.00.
• On Thursday, August 14th, Saba Capital Management, L.P. purchased 8,310 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $33.89 per share, for a total transaction of $281,625.90.
• On Wednesday, August 13th, Saba Capital Management, L.P. acquired 1,836 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $35.11 per share, with a total value of $64,461.96.
• On Tuesday, August 12th, Saba Capital Management, L.P. bought 354,169 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $35.39 per share, for a total transaction of $12,534,040.91.
• On Monday, August 11th, Saba Capital Management, L.P. bought 327,900 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $35.00 per share, with a total value of $11,476,500.00.
• On Friday, August 8th, Saba Capital Management, L.P. purchased 35,777 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $35.22 per share, for a total transaction of $1,260,065.94.
• On Thursday, August 7th, Saba Capital Management, L.P. acquired 69,032 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $34.73 per share, with a total value of $2,397,481.36.

ASA Gold and Precious Metals Price Performance

ASA Gold and Precious Metals stock traded up $0.9990 during midday trading on Friday, hitting $35.9690. The company's stock had a trading volume of 30,115 shares, compared to its average volume of 122,813. ASA Gold and Precious Metals Limited has a 12 month low of $18.51 and a 12 month high of $36.10. The stock's 50-day moving average price is $33.03 and its 200-day moving average price is $30.11.

Hedge Funds Weigh In On ASA Gold and Precious Metals

Several hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in shares of ASA Gold and Precious Metals in the 2nd quarter worth approximately $383,000. Dymon Asia Capital Singapore PTE. LTD. acquired a new position in shares of ASA Gold and Precious Metals in the 2nd quarter worth approximately $370,000. Walleye Capital LLC grew its stake in shares of ASA Gold and Precious Metals by 1.4% in the 2nd quarter. Walleye Capital LLC now owns 24,871 shares of the investment management company's stock worth $785,000 after purchasing an additional 341 shares during the last quarter. Laurel Wealth Advisors LLC grew its stake in shares of 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 during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of ASA Gold and Precious Metals by 143.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company's stock worth $229,000 after purchasing an additional 4,272 shares during the last quarter.

About ASA Gold and Precious Metals

ASA Gold and Precious Metals Limited is a publicly owned investment manager. The firm invests in the public equity markets across the globe. It primarily invests in stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds, or other precious minerals. It also invests in exchange traded funds.