L.P. Saba Capital Management Buys Shares of GF $GF

Key Points

  • L.P. Saba Capital Management bought 10,848 shares of The New Germany Fund, Inc. ($GF) worth $125,294.
  • $GF last traded around $11.65.

L.P. Saba Capital Management, insider at The New Germany Fund, Inc. ($GF), bought 10,848 shares at an average price of $11.55, for a total transaction of $125,294. The trade was disclosed in a Form 4 filing with the Securities and Exchange Commission.

The New Germany Fund, Inc. ($GF) Stock

Last price$11.65
Market cap$189.09M
P/E ratio3.40
Beta0.98
52-week low$9.98
52-week high$12.82
50-day MA$11.71
200-day MA$11.45
Current ratio0.95
Quick ratio0.04
Debt-to-equity0.13

The New Germany Fund, Inc. Earnings

EPS (ttm)$3.43
Revenue (ttm)$3.71M
Revenue growth119.1%
Net margin1498.0%
Return on equity31.0%
Next earningsMar 7, 2024

The New Germany Fund, Inc. Dividend

Annual dividend$0.28
Dividend yield244.00%
Payout ratio4.3%
Ex-dividend dateMay 26, 2026

About The New Germany Fund, Inc.

The New Germany Fund Inc. is a closed ended equity mutual fund launched by Deutsche Investment Management Americas Inc. The fund is managed by Deutsche Asset Management International GmbH. It invests in the public equity markets of Germany. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in stocks of small and mid cap companies. The fund benchmarks the performance of its portfolio against the Midcap Market Performance Index. The New Germany Fund Inc. was formed on January 16, 1990 and is domiciled in Germany.

ExchangeNYSE
SectorFinancial Services
IndustryAsset Management
HeadquartersFrankfurt am Main, Germany
CEOMs. Linda Lonneberg

See Also

This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.