The New Germany Fund (GF) Insider Management Buys $13K of Stock
L.P. Saba Capital Management buys 1,093 shares of GF, spending $12,558.57.
Reviewed by automated data checks against the source filing. How we make and check alerts
L.P. Saba Capital Management bought 1,093 shares of The New Germany Fund, Inc. ($GF) at an average price of $11.49, worth about $12,558.57, on June 11, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $GF is up 3.7% after 1 week, down 1.5% after 1 month and down 10.2% to date (from the $11.50 close on Jun 11, 2026).
GF
The New Germany Fund, Inc.
Key Points
- L.P. Saba Capital Management purchased 1,093 shares of GF at an average price of $11.49 on June 11, 2026.
- Shares of GF traded near $11.65 following the insider buying activity by L.P. Saba Capital Management.
- Other institutional investors like Lazard Asset Management and 1607 Capital Partners adjusted their positions in GF.
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L.P. Saba Capital Management made a move on June 11, 2026, by purchasing 1,093 shares of GF at an average price of $11.49 per share. This transaction amounted to a total value of approximately $12,558.57, reflecting the firm's interest in increasing its stake in the company.
Insider Buying and Selling at The New Germany Fund, Inc.
L.P. Saba Capital Management has been actively purchasing shares of GF throughout June 2026. On June 12, they acquired 10,848 shares at $11.55 each. Earlier, on June 4, they bought 61,137 shares at $12.00 per share. These transactions indicate a consistent pattern of buying, showcasing their confidence in GF's potential.
Other Institutional Activity in GF
Several other institutional investors have made changes to their holdings in GF. Saba Capital Management, L.P. increased its holdings by 384,585 shares, ending with 2,595,140 shares valued at about $26,522,331. Lazard Asset Management LLC reduced its stake by 10,112 shares, leaving it with 2,336,184 shares worth approximately $23,875,800. Allspring Global Investments Holdings, LLC also trimmed its position by 122,303 shares, holding 2,019,613 shares valued at $20,640,445. Meanwhile, Bulldog Investors, LLP added 30,817 shares, bringing its total to 532,074 shares, valued at $5,437,796.
The New Germany Fund, Inc. Stock Up 13.7%
Shares of GF were trading around $11.65. The stock has been attracting attention from various institutional investors, reflecting potential interest in its market performance. However, detailed financial metrics such as market cap, beta, and moving averages were not provided in the current data.
Bottom Line
The recent insider buying by L.P. Saba Capital Management suggests a positive outlook on GF, as they continue to increase their stake. Investors often watch insider transactions for insights into a company's future prospects. It's important to note that these transactions are backward-looking and may not represent the current position of the investor.
Related Filing Alerts
Source: L.P. Saba Capital Management's Form 4 filing on $GF (Jun 11, 2026). Find the original filing: GF Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts