ASA ASA Gold & Precious Metals Ltd Insider Trading

ASA COO Merk Alexander exits complete position, selling 13,355 shares at $70.60 across 2 transactions for $942,863.00

Merk Alexander, ASA's COO, executed two separate sales totaling 13,355 shares (13.4K shares) on consecutive dates (Feb 19-20, 2026) at a blended average price of $70.60, completely eliminating his position. This full liquidation is notable given his prior trade history at ASA: his last 5 purchases at this ticker (Jan 7-16, 2025) were all well-timed at the 90-day mark, with 90-day returns ranging from 12.1% to 42.0%. The current price of $72.66 is -4.7% from the 52-week high of $76.22, and the stock has gained 58.0% over the past 90 days, creating a favorable backdrop for the exit. The complete elimination of holdings after a pattern of strategic purchases over the past six weeks suggests a meaningful shift in the insider's position management at the company.

Saba Capital (10% owner) purchases 134,093 shares at $70.37 avg, adding 2.3% to 5.90M holdings at ASA

Saba Capital Management purchased 134,093 shares across two transactions on 2026-02-12 and 2026-02-13 at a blended average price of $70.37, representing a 2.3% increase to its post-transaction holdings of 5,903,701 shares. The purchases occurred at prices materially above the current price of $66.91, suggesting execution across a three-day window rather than a single decision point. This filing follows three consecutive prior purchases at ASA within a one-day span (2026-02-09 through 2026-02-11), indicating a pattern of sustained open-market accumulation at this ticker during early February. However, outcomes from prior trades remain unmeasurable, and the cross-ticker track record shows equal distribution of prior buys and sells with no demonstrated timing advantage, providing limited precedent for predictive interpretation.

Saba Capital (10% owner) bought 40,222 shares of ASA at $72.09 on 2026-02-11, total $2.9M; stock now $68.22 (-10.5% from 52-week high).

Saba Capital Management, a significant 10% shareholder, purchased 40,222 shares at $72.09, increasing holdings to 5,769,608 shares post-transaction. The buy occurred near the upper end of the 52-week range ($24.28–$76.22), with the stock currently trading at $68.22, approximately 10.5% below its 52-week high. The timing is notable given the 90-day price momentum of +43.1%, suggesting the insider is accumulating after substantial recent appreciation. The purchase represents a deliberate addition to an already large stakeholder position (+0.7% vs pre-transaction holdings), though with 5 recent consecutive buys at ASA within days of one another (2026-02-05 through 2026-02-12), the pattern warrants monitoring for context around the decision-making window.

Saba Capital Management adds 88,140 shares over 2 days for $6.2M at blended average $70.77, raising stake to 5.73M shares

Saba Capital Management, a 10% owner of ASA Gold & Precious Metals Ltd, executed 2 separate purchases totaling 88,140 shares for $6,237,961.71 on 2026-02-09 and 2026-02-10, with a blended average price of $70.77. This represents a 1.6% increase in the insider's holdings from 5.64M to 5.73M shares. The timing is noteworthy: the stock has risen 12.5% over the prior 30 days and 48.6% over 90 days, trading at $72.23 (near its 52-week high of $76.22), making these purchases materially above the recent low of $24.28. The concentrated two-day buying window and the lack of measurable outcomes from the insider's four prior trades at this same ticker within the recent period provide limited evidence of predictive timing ability, though the rapid succession of acquisitions across five trading days (2026-02-04 through 2026-02-11) suggests sustained conviction about the position size.

Saba Capital, 10% holder, bought 31,219 shares in 2 transactions totaling $2,032,967.49 on Feb 5-6

Saba Capital Management purchased 31,219 shares across 2 separate transactions for $2,032,967.49 at blended average price of $65.12, increasing its holding from 5,610,027 to 5,641,246 shares. The purchases occurred while ASA trades near recent highs—7.5% below the 52-week high of $76.22 and up 14.0% over the past 30 days. Notably, Saba's timing pattern on this ticker shows 4 recent buys with no measurable 90-day outcomes yet, and its cross-ticker track record shows 13 prior buys against 7 prior sells, indicating a net buying bias. The lack of same-ticker historical outcomes prevents assessment of timing accuracy at this specific company.

Saba Capital, 10% owner, buys 35,121 shares at blended avg $66.20 in 2 transactions; stock now at $63.22, -17.1% from 52-week high

Saba Capital Management executed 2 separate purchases totaling 35,121 shares for $2,325,007.22 at a blended average price of $66.20 on Feb 3–4, 2026. The stock currently trades at $63.22, below the transaction price and 17.1% below its 52-week high of $76.22. Within the same ticker at ASA, Saba has completed 4 prior trades (all buys, all recent, with outcomes not yet measurable), suggesting sustained accumulation. The investor's cross-ticker track record shows 15 prior buys and 5 prior sells, though timing outcomes at ASA specifically remain unknown. The purchase occurred while the stock was up 2.6% over 30 days and 37.7% over 90 days, placing it well above its 52-week low of $23.39, yet the subsequent decline to $63.22 means the transaction has underwater by approximately 4.5% relative to entry.

Saba Capital (10% owner) buys 8,466 shares of ASA at $64.27 on 2026-02-02 for $544,109.82; holdings now 5,574,906 shares.

Saba Capital Management made an open-market purchase of 8,466 shares at $64.27, adding to a substantial existing position of 5.57M shares. The purchase occurred while ASA is currently trading at $67.31, approximately 11.7% below its 52-week high of $76.22, amid a 90-day rally of 48.0%. Saba's prior trading history at this ticker shows 5 consecutive buy transactions from January 27 through February 3, 2026, indicating sustained accumulation activity. The cross-ticker track record shows 14 prior buys versus 6 prior sells, though same-ticker timing outcomes remain unmeasurable. The sustained buying pattern and substantial existing stake suggest continued commitment to the position.

Saba Capital Management (10% owner) buys 38,783 shares for $2.7M across 2 transactions; stock down 17.1% from 52-week high but up 43.3% in 90 days.

Saba Capital Management executed 2 separate purchases totaling 38,783 shares for $2,696,800.73 at a blended average price of $69.54 on January 29–30, 2026. This adds 0.7% to the insider's existing position of 5,527,657 shares. The current price of $63.17 is 17.1% below the 52-week high of $76.22 but reflects a 43.3% gain over the prior 90 days, suggesting the stock has recovered from earlier weakness. Saba's prior trades at ASA span only 4 recent buys (all within days of this filing), none yet measurable at the 90-day mark, so no timing pattern is established for this ticker. The transaction timing and size relative to the stock's 90-day rally offer a factual record of the insider's activity but do not yet disclose performance outcome or conviction intent beyond the purchase itself.

Saba Capital (10% owner) purchased 60,895 shares for $4,578,517.30 at ASA in 2 transactions on Jan 27-28, 2026.

Saba Capital Management, L.P., a substantial 10% owner of ASA Gold & Precious Metals Ltd, executed two separate purchases totaling 60,895 shares (60.9K shares) for $4,578,517.30 across January 27–28, 2026, at a blended average price of $75.19. The current stock price is $72.03, representing a 5.5% decline from the 52-week high of $76.22, while the 30-day and 90-day price changes show strong momentum at +19.6% and +56.7%, respectively. This purchase increased the holder's stake by approximately 1.1% to 5,527,657 shares and occurs within a pattern of five consecutive buys at this ticker over the preceding two weeks (January 15–29, 2026). The sustained accumulation at elevated prices—near the 52-week high—during a period of strong recent gains warrants attention to whether this reflects conviction in the asset or momentum-driven positioning by a major holder.

Saba Capital Management bought 1,400 shares of ASA at $72.90 on 2026-01-26; holds 5,466,762 shares post-transaction.

Saba Capital Management, the company's 10% owner, purchased 1,400 shares at $72.90 on 2026-01-26, representing a modest addition to the firm's substantial existing position of 5,466,762 shares. The buy occurred as ASA stock reached its 52-week high of $73.91, following significant near-term momentum: the stock gained 18.4% over 30 days and 63.0% over 90 days prior to this transaction. This is the fifth consecutive buy by this insider at ASA within an 12-day window (2026-01-14 through 2026-01-27), though the cumulative volume remains minimal relative to total holdings. No prior trades at this ticker have produced measurable 90-day outcomes, limiting assessment of this insider's historical timing accuracy specifically at ASA.