ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Purchases 9,200 Shares of Stock

Key Points

• Saba Capital Management, L.P. acquired a total of $373,888 in ASA Gold and Precious Metals stock on September 18, increasing their stake to approximately 4.65 million shares, valued at around $189 million.
• ASA Gold and Precious Metals recently declared a dividend of $0.03 per share, to be paid on November 19, representing a dividend yield of 14.0%.
• The company's stock increased by 3.4% on the trading day, reaching a price of $42.35, with its 12-month high being $42.57.

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. acquired 9,200 shares of the stock in a transaction on Thursday, September 18th. The shares were acquired at an average price of $40.64 per share, with a total value of $373,888.00. Following the transaction, the insider directly owned 4,650,898 shares of the company's stock, valued at $189,012,494.72. The trade was a 0.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Wednesday, September 17th, Saba Capital Management, L.P. bought 16,670 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $41.30 per share, for a total transaction 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, for a total transaction of $3,792,477.50.
• On Monday, September 15th, Saba Capital Management, L.P. purchased 17,256 shares of ASA Gold and Precious Metals stock. The stock was bought at an average price of $41.39 per share, with a total value of $714,225.84.
• On Friday, September 12th, Saba Capital Management, L.P. acquired 109,206 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average cost of $40.91 per share, with a total value of $4,467,617.46.
• On Thursday, September 11th, Saba Capital Management, L.P. acquired 96,286 shares of ASA Gold and Precious Metals stock. The shares were purchased at an average price of $40.40 per share, for a total transaction of $3,889,954.40.
• On Wednesday, September 10th, Saba Capital Management, L.P. bought 19,126 shares of ASA Gold and Precious Metals stock. The stock was purchased 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. bought 31,225 shares of ASA Gold and Precious Metals stock. The shares were acquired 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 shares were acquired 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. bought 30,460 shares of ASA Gold and Precious Metals stock. The stock was 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. bought 70,108 shares of ASA Gold and Precious Metals stock. The shares were acquired at an average price of $38.64 per share, with a total value of $2,708,973.12.

ASA Gold and Precious Metals Trading Up 2.5%

Shares of NYSE ASA traded up $1.08 during mid-day trading on Monday, reaching $43.45. The company had a trading volume of 225,724 shares, compared to its average volume of 170,491. ASA Gold and Precious Metals Limited has a 52 week low of $19.37 and a 52 week high of $43.71. The business's 50-day moving average is $36.09 and its 200-day moving average is $32.26.

ASA Gold and Precious Metals Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ASA. NBC Securities Inc. raised its holdings in shares of ASA Gold and Precious Metals by 128,600.0% in the first quarter. NBC Securities Inc. now owns 1,287 shares of the investment management company's stock valued at $38,000 after acquiring an additional 1,286 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of ASA Gold and Precious Metals during the second quarter worth $61,000. Wealthcare Advisory Partners LLC acquired a new position in ASA Gold and Precious Metals during the 1st quarter valued at about $220,000. Fruth Investment Management acquired a new position in ASA Gold and Precious Metals during the 1st quarter valued at about $226,000. Finally, Steward Partners Investment Advisory LLC raised its stake in ASA Gold and Precious Metals by 143.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company's stock valued at $229,000 after buying an additional 4,272 shares during the last quarter.

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.