ASA Gold and Precious Metals (NYSE:ASA) Sees Large Volume Increase on Insider Buying Activity

ASA Gold and Precious Metals Limited (NYSE:ASA) saw an uptick in trading volume on Thursday following insider buying activity. 163,638 shares were traded during mid-day trading, an increase of 97% from the previous session’s volume of 82,899 shares.The stock last traded at $40.51 and had previously closed at $40.27.

Specifically, major shareholder Saba Capital Management, L.P. purchased 19,126 shares of ASA Gold and Precious Metals stock in a transaction that occurred on Wednesday, September 10th. The stock was bought at an average cost 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Saba Capital Management, L.P. purchased 31,225 shares of ASA Gold and Precious Metals stock in a transaction that occurred on Tuesday, September 9th. The shares were bought at an average price of $40.06 per share, with a total value of $1,250,873.50. Following the completion of the transaction, the insider owned 4,291,769 shares of the company’s stock, valued at $171,928,266.14. This represents a 0.73% increase in their position. The disclosure for this purchase can be found here. In related news, major shareholder Saba Capital Management, L.P. purchased 24,510 shares of ASA Gold and Precious Metals stock in a transaction that occurred on Monday, September 8th. The stock was bought at an average cost of $40.50 per share, for a total transaction of $992,655.00. Following the completion of the transaction, the insider owned 4,260,544 shares in the company, valued at $172,552,032. The trade was a 0.58% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

ASA Gold and Precious Metals Trading Up 0.5%

The firm has a 50-day moving average of $34.95 and a two-hundred day moving average of $31.47.

Institutional Trading of ASA Gold and Precious Metals

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sessa Capital IM L.P. increased its position in shares of 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 in the last quarter. Sprott Inc. increased its position in shares of ASA Gold and Precious Metals by 74.9% in the first quarter. Sprott Inc. now owns 280,183 shares of the investment management company’s stock valued at $8,445,000 after buying an additional 120,000 shares in the last quarter. Cetera Investment Advisers increased its position in shares of ASA Gold and Precious Metals by 223.9% in the first quarter. Cetera Investment Advisers now owns 188,855 shares of the investment management company’s stock valued at $5,692,000 after buying an additional 130,547 shares in the last quarter. Medici Capital LLC purchased a new stake in shares of ASA Gold and Precious Metals in the second quarter valued at approximately $5,238,000. Finally, Blue Bell Private Wealth Management LLC increased its position in shares of ASA Gold and Precious Metals by 3.0% in the first quarter. Blue Bell Private Wealth Management LLC now owns 116,268 shares of the investment management company’s stock valued at $3,504,000 after buying an additional 3,345 shares in 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.