ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Purchases 17,256 Shares

Key Points

• Major shareholder Saba Capital Management, L.P. bought 17,256 shares of ASA Gold and Precious Metals stock at an average price of $41.39 each, totaling approximately $714,225.
• This purchase increased Saba's ownership in ASA Gold and Precious Metals by 0.38%, bringing their total shares owned to over 4.5 million.
• The stock is currently trading at $41.53, with a one-year price range between $19.37 and $41.89.

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. bought 17,256 shares of the business's stock in a transaction on Monday, September 15th. The shares were acquired at an average price of $41.39 per share, with a total value of $714,225.84. Following the completion of the purchase, the insider directly owned 4,533,643 shares of the company's stock, valued at approximately $187,647,483.77. The trade was a 0.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% 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 Thursday, September 18th, Saba Capital Management, L.P. bought 9,200 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $40.64 per share, with a total value of $373,888.00.
• On Wednesday, September 17th, Saba Capital Management, L.P. purchased 16,670 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $41.30 per share, with a total value of $688,471.00.
• On Tuesday, September 16th, Saba Capital Management, L.P. purchased 91,385 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $41.50 per share, with a total value of $3,792,477.50.
• On Friday, September 12th, Saba Capital Management, L.P. purchased 109,206 shares of ASA Gold and Precious Metals stock. The shares were bought at an average price of $40.91 per share, with a total value 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 bought at an average price of $40.40 per share, with a total value of $3,889,954.40.
• On Wednesday, September 10th, Saba Capital Management, L.P. acquired 19,126 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $40.34 per share, with a total value of $771,542.84.
• On Tuesday, September 9th, Saba Capital Management, L.P. acquired 31,225 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $40.06 per share, with a total value of $1,250,873.50.
• On Monday, September 8th, Saba Capital Management, L.P. acquired 24,510 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $40.50 per share, with a total value of $992,655.00.
• On Wednesday, September 3rd, Saba Capital Management, L.P. acquired 30,460 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $38.88 per share, with a total value 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 purchased at an average cost of $38.64 per share, for a total transaction of $2,708,973.12.

ASA Gold and Precious Metals Stock Performance

ASA traded up $1.38 during trading on Friday, reaching $42.35. 109,580 shares of the stock traded hands, compared to its average volume of 166,519. The stock's 50-day moving average is $35.87 and its 200 day moving average is $32.09. ASA Gold and Precious Metals Limited has a 12 month low of $19.37 and a 12 month high of $42.57.

ASA Gold and Precious Metals Dividend Announcement

The company also recently declared a dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a yield of 14.0%.

Institutional Trading of ASA Gold and Precious Metals

A number of institutional 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% during 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 acquiring an additional 378,327 shares during the last quarter. Sprott Inc. boosted 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 purchasing an additional 120,000 shares in the last quarter. Cetera Investment Advisers boosted 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 purchasing an additional 130,547 shares in the last quarter. Medici Capital LLC bought a new position in shares of ASA Gold and Precious Metals during the 2nd quarter worth about $5,238,000. Finally, Blue Bell Private Wealth Management LLC boosted 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 purchasing an additional 3,345 shares in 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.