The New Germany Fund (GF) 10% Owner L.P. Buys $17K of Stock

Saba Capital Management, L.P. has bought 1,662 shares of The New Germany Fund, Inc. (GF) for $10.25 each on October 14, 2026. This purchase is valued at $17,035.50. The firm continues to show confidence in the fund's performance through its ongoing investment strategy.

Inside Saba Capital Management's Trade

Saba Capital Management, a 10% owner of The New Germany Fund, now holds 3,602,815 shares in total, valued at about $37,217,078. This latest purchase adds to previous transactions where Saba Capital Management has increased its stake in the fund over the past month, including several smaller buys on September 18 and October 12.

Other Institutional Activity in The New Germany Fund

Saba Capital Management is not alone in its interest in The New Germany Fund. It previously increased its holdings by 1,007,688 shares, showing a 38.8% rise in its stake. Other institutional players include Lazard Asset Management LLC, which grew its stake by 62,611 shares for a total of 2,398,831 shares valued at about $24,779,924. Meanwhile, Allspring Global Investments Holdings, LLC reduced its holdings by 321,742 shares, now holding 1,697,984 shares worth around $17,540,174.

The New Germany Fund, Inc. Stock Down 0.3%

As of October 16, 2026, The New Germany Fund's stock was recently trading around $10.22, which is below its 50-day moving average of $11.09 and its 200-day average of $11.45. The stock is also about 18.2% below its 52-week high of $12.49 but remains above its 52-week low of $9.98.

Recent Earnings

The New Germany Fund reported trailing twelve-month revenue of approximately $3,531,265, but it has faced challenges, posting a net margin of -214.4% and an ROE of -3.6%. The next earnings date is expected on November 15, 2026.

Insider Buying and Selling at The New Germany Fund, Inc.

Saba Capital Management has been active in buying shares recently. On September 18, it bought 14,185 shares at $10.82, totaling about $153,481. On October 9, it purchased 585 shares at $10.28 for $6,013.8. The firm also bought 3,100 shares on October 12 at $10.32, valued at $31,992, and 3,678 shares on October 13 at $10.27, totaling $37,773.06.

About The New Germany Fund

The New Germany Fund, Inc. is a closed-end equity mutual fund that invests in the public equity markets of Germany, focusing on small and mid-cap companies across various sectors. Managed by Deutsche Asset Management, the fund aims to perform against the Midcap Market Performance Index.

Bottom Line

Investors should keep an eye on Saba Capital Management's continued activity in The New Germany Fund and its upcoming earnings report on November 15, 2026. This latest purchase reflects the firm's ongoing commitment and confidence in the fund's potential.