The New Germany Fund (GF) 10% Owner L.P. Buys $32K of Stock
Saba Capital Management has bought 3,100 shares of The New Germany Fund, Inc. for $31,992 on October 12, 2026.
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Saba Capital Management, L.P., 10% Owner at The New Germany Fund, Inc. ($GF), bought 3,100 shares at an average price of $10.32, worth about $31,992, on October 12, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $GF is up 0.5% to date (from the $10.28 close on Oct 12, 2026).
GF
The New Germany Fund, Inc.
Key Points
- Saba Capital Management purchased 3,100 shares of The New Germany Fund, Inc. at a price of $10.32 each, totaling about $31,992 on October 12, 2026.
- This latest buy adds to Saba Capital's existing stake, which was 3,600,815 shares valued at approximately $37,217,078 as of June 30, 2026.
- The New Germany Fund has faced a challenging financial environment, reporting trailing twelve-month revenue of about $3.53 million.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated The New Germany Fund, Inc. alert may contain errors. Disclosures
Saba Capital Management, L.P. has bought 3,100 shares of The New Germany Fund, Inc. (GF) for $31,992 on October 12, 2026. This trade reflects Saba's ongoing confidence in the fund as a 10% owner. The purchase price was $10.32 per share.
Inside Saba Capital Management's Trade
Saba Capital's recent purchase of 3,100 shares marks a continued investment in The New Germany Fund, Inc. This brings its total holdings to 3,601,915 shares. The value of Saba's stake is now approximately $37,217,078, following its previous acquisitions earlier in September.
Other Institutional Activity in The New Germany Fund
Saba Capital Management is not the only institutional player in The New Germany Fund. On June 30, 2026, Lazard Asset Management LLC held 2,398,831 shares valued at about $24,779,924 after adding 62,611 shares, a 2.7% increase. Meanwhile, Allspring Global Investments Holdings, LLC reduced its stake by 321,742 shares, bringing its total to 1,697,984 shares worth approximately $17,540,174. Additionally, 1607 Capital Partners, LLC decreased its holdings by 254,968 shares, leaving it with 811,397 shares valued at around $8,381,730.
The New Germany Fund, Inc. Stock Down 0.3%
As of October 16, 2026, The New Germany Fund was recently trading around $10.22. This price is relevant as it shows the fund's performance in light of Saba's purchase price of $10.32. The fund has been navigating a tough market, with a trailing twelve-month revenue of approximately $3.53 million and a negative net margin of 214.4%.
Recent Earnings
The New Germany Fund reported trailing twelve-month revenue of about $3,531,265. However, it has faced a decline in revenue growth, with a year-over-year drop of 5.4%. The fund's return on equity stands at -3.6%, highlighting ongoing financial challenges. The next earnings date has not been announced yet.
Insider Buying and Selling at The New Germany Fund, Inc.
In recent insider activity, Saba Capital Management has been active. On September 17, 2026, it bought 1,258 shares at an average price of $11.10, totaling about $13,964. Just a day later, it acquired 14,185 shares at $10.82, amounting to approximately $153,482. Earlier, on June 29, 2026, insiders Leoni Wolfgang Helmut and Fiona Flannery bought 17 and 12 shares respectively at $11.48 each, totaling $195.16 and $137.76.
Bottom Line
Saba Capital's recent purchase adds to its already significant stake in The New Germany Fund, showcasing its commitment to this investment. Investors will be watching for the next earnings report to see how the fund addresses its financial challenges. Additionally, the next insider trades or institutional moves could further shape the fund's outlook.
Related Filing Alerts
Source: Saba Capital Management, L.P.'s Form 4 filing on $GF (Oct 12, 2026). Find the original filing: GF Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts