Saba Capital Management, L.P. Purchases 19,126 Shares of ASA Gold and Precious Metals (NYSE:ASA) Stock

Key Points

• Saba Capital Management, L.P. purchased 19,126 shares of ASA Gold and Precious Metals at an average price of $40.34, increasing their stake by 0.45% to a total of approximately $173.9 million.
• In recent weeks, Saba Capital Management has been actively acquiring shares, including a notable purchase of 31,225 shares at $40.06 per share just a day before the latest acquisition.
• ASA Gold and Precious Metals stock is currently trading at around $40.51, with a fifty-two week range between $19.25 and $40.97.

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. purchased 19,126 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The shares were acquired at an average price of $40.34 per share, for a total transaction of $771,542.84. Following the completion of the transaction, the insider owned 4,310,895 shares in the company, valued at $173,901,504.30. The trade was a 0.45% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more 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 Friday, September 12th, Saba Capital Management, L.P. purchased 109,206 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $40.91 per share, for a total transaction of $4,467,617.46.
• On Thursday, September 11th, Saba Capital Management, L.P. purchased 96,286 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $40.40 per share, for a total transaction of $3,889,954.40.
• On Tuesday, September 9th, Saba Capital Management, L.P. purchased 31,225 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $40.06 per share, for a total transaction of $1,250,873.50.
• On Monday, September 8th, Saba Capital Management, L.P. purchased 24,510 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $40.50 per share, for a total transaction of $992,655.00.
• On Wednesday, September 3rd, Saba Capital Management, L.P. purchased 30,460 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $38.88 per share, for a total transaction of $1,184,284.80.
• On Tuesday, September 2nd, Saba Capital Management, L.P. purchased 70,108 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $38.64 per share, for a total transaction of $2,708,973.12.
• On Monday, August 25th, Saba Capital Management, L.P. purchased 7,520 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $36.51 per share, for a total transaction of $274,555.20.
• On Friday, August 22nd, Saba Capital Management, L.P. purchased 4,620 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $35.97 per share, for a total transaction of $166,181.40.
• On Thursday, August 21st, Saba Capital Management, L.P. purchased 610 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $35.05 per share, for a total transaction of $21,380.50.
• On Tuesday, August 19th, Saba Capital Management, L.P. acquired 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.

ASA Gold and Precious Metals Trading Down 0.7%

Shares of ASA stock traded down $0.30 on Tuesday, reaching $41.16. 148,862 shares of the stock were exchanged, compared to its average volume of 85,622. ASA Gold and Precious Metals Limited has a one year low of $19.37 and a one year high of $41.89. The stock has a 50 day moving average price of $35.13 and a 200 day moving average price of $31.69.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ASA. Sessa Capital IM L.P. boosted its stake in shares of ASA Gold and Precious Metals by 56.3% in the 1st 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 purchasing an additional 378,327 shares during the last quarter. Sprott Inc. grew its position in shares of ASA Gold and Precious Metals by 74.9% during the 1st quarter. Sprott Inc. now owns 280,183 shares of the investment management company's stock worth $8,445,000 after buying an additional 120,000 shares during the period. Cetera Investment Advisers grew its position 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 worth $5,692,000 after buying an additional 130,547 shares during the period. Medici Capital LLC acquired a new stake in shares of ASA Gold and Precious Metals during the 2nd quarter worth approximately $5,238,000. Finally, Blue Bell Private Wealth Management LLC grew its position in shares of ASA Gold and Precious Metals by 3.0% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 116,268 shares of the investment management company's stock worth $3,504,000 after buying an additional 3,345 shares during the period.

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.