ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Acquires 1,600 Shares

Key Points

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ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. bought 1,600 shares of the firm's stock in a transaction dated Monday, August 18th. The shares were acquired at an average price of $34.46 per share, for a total transaction of $55,136.00. Following the completion of the transaction, the insider directly owned 4,062,461 shares in the company, valued at approximately $139,992,406.06. This represents a 0.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% 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, August 19th, Saba Capital Management, L.P. bought 9,943 shares of ASA Gold and Precious Metals stock. The stock was bought 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. purchased 10,000 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $34.53 per share, for a total transaction of $345,300.00.
• On Thursday, August 14th, Saba Capital Management, L.P. acquired 8,310 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $33.89 per share, with a total value of $281,625.90.
• On Wednesday, August 13th, Saba Capital Management, L.P. purchased 1,836 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $35.11 per share, for a total transaction of $64,461.96.
• On Tuesday, August 12th, Saba Capital Management, L.P. purchased 354,169 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price 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, for a total transaction of $11,476,500.00.
• On Friday, August 8th, Saba Capital Management, L.P. bought 35,777 shares of ASA Gold and Precious Metals stock. The stock was 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. bought 69,032 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $34.73 per share, for a total transaction of $2,397,481.36.

ASA Gold and Precious Metals Price Performance

NYSE ASA traded up $0.9990 during trading hours on Friday, reaching $35.9690. The stock had a trading volume of 30,115 shares, compared to its average volume of 122,813. The stock has a fifty day moving average of $33.03 and a 200 day moving average of $30.14. ASA Gold and Precious Metals Limited has a 52-week low of $18.51 and a 52-week high of $36.10.

Institutional Investors Weigh In On ASA Gold and Precious Metals

A number of large investors have recently bought and sold shares of the company. Sessa Capital IM L.P. boosted its position in ASA Gold and Precious Metals by 56.3% in the first quarter. Sessa Capital IM L.P. now owns 1,050,000 shares of the investment management company's stock valued at $31,647,000 after buying an additional 378,327 shares during the last quarter. Sprott Inc. boosted its position in ASA Gold and Precious Metals by 74.9% in the 1st quarter. Sprott Inc. now owns 280,183 shares of the investment management company's stock worth $8,445,000 after purchasing an additional 120,000 shares in the last quarter. Capstone Investment Advisors LLC grew its stake in shares of ASA Gold and Precious Metals by 634.3% during the 4th quarter. Capstone Investment Advisors LLC now owns 266,221 shares of the investment management company's stock worth $5,383,000 after purchasing an additional 229,968 shares during the period. Cetera Investment Advisers increased its holdings in shares of ASA Gold and Precious Metals by 223.9% during the 1st quarter. Cetera Investment Advisers now owns 188,855 shares of the investment management company's stock valued at $5,692,000 after purchasing an additional 130,547 shares in the last quarter. Finally, Medici Capital LLC purchased a new position in shares of ASA Gold and Precious Metals during the 2nd quarter valued at approximately $5,238,000.

ASA Gold and Precious Metals Company Profile

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.