ASA Gold and Precious Metals (NYSE:ASA) Major Shareholder Saba Capital Management, L.P. Buys 354,169 Shares

Key Points

• Saba Capital Management, L.P. purchased 354,169 shares of ASA Gold and Precious Metals at an average cost of $35.39, bringing their total ownership to over 4 million shares.
• Following several recent transactions, major shareholders have increased their stakes in ASA Gold and Precious Metals, with Sessa Capital increasing their position by 56.3% in the first quarter.
• ASA Gold and Precious Metals stock recently traded down 1.6%, reaching $34.53, with a 52-week trading range between $18.33 and $35.60.

ASA Gold and Precious Metals Limited (NYSE:ASA - Get Free Report) major shareholder Saba Capital Management, L.P. acquired 354,169 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was bought at an average price of $35.39 per share, with a total value of $12,534,040.91. Following the purchase, the insider directly owned 4,040,715 shares of the company's stock, valued at $143,000,903.85. This represents a 9.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large 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 Monday, August 18th, Saba Capital Management, L.P. acquired 1,600 shares of ASA Gold and Precious Metals stock. The stock was purchased at an average price of $34.46 per share, with a total value of $55,136.00.
• On Friday, August 15th, Saba Capital Management, L.P. purchased 10,000 shares of ASA Gold and Precious Metals stock. The stock was acquired at an average price of $34.53 per share, with a total value 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 cost 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 shares were bought at an average cost of $35.11 per share, with a total value of $64,461.96.
• On Monday, August 11th, Saba Capital Management, L.P. acquired 327,900 shares of ASA Gold and Precious Metals stock. The shares were bought at an average cost of $35.00 per share, with a total value 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 bought 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 cost of $34.73 per share, for a total transaction of $2,397,481.36.

ASA Gold and Precious Metals Trading Down 1.8%

NYSE ASA traded down $0.6150 during trading hours on Tuesday, hitting $34.0350. 77,040 shares of the stock were exchanged, compared to its average volume of 134,156. ASA Gold and Precious Metals Limited has a 12-month low of $18.51 and a 12-month high of $35.60. The stock has a 50-day moving average of $32.94 and a 200 day moving average of $29.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in ASA Gold and Precious Metals in the second quarter worth $383,000. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in shares of ASA Gold and Precious Metals in the 2nd quarter valued at about $370,000. Walleye Capital LLC increased its holdings 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 valued at $785,000 after purchasing an additional 341 shares in the last quarter. Laurel Wealth Advisors LLC lifted its stake in shares of ASA Gold and Precious Metals by 3,057.0% in the second quarter. Laurel Wealth Advisors LLC now owns 31,570 shares of the investment management company's stock valued at $1,000,000 after purchasing an additional 30,570 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in ASA Gold and Precious Metals by 143.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 7,252 shares of the investment management company's stock worth $229,000 after buying an additional 4,272 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.