Leoni Wolfgang Helmut Buys Shares of The New Germany Fund
Insider Leoni Wolfgang Helmut purchased 17 shares of The New Germany Fund on June 29, 2026.
Key Points
- Leoni Wolfgang Helmut bought 17 shares of The New Germany Fund (NYSE:GF) for $195.16 on June 29, 2026.
- The New Germany Fund trades at $11.61 with a market cap of $186.7 million and a P/E ratio of 3.35.
- SABA Capital Management increased its stake by 384,585 shares, while Lazard Asset Management reduced its holdings by 10,112 shares.
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On June 29, 2026, Leoni Wolfgang Helmut bought 17 shares of The New Germany Fund, Inc. (NYSE:GF), paying $195.16 at an average price of $11.48 per share. This transaction was not part of a pre-planned trading program.
Other Institutional Activity in The New Germany Fund
SABA Capital Management, L.P. grew its holdings by 384,585 shares, ending with 2,595,140 shares worth about $26.5 million. Lazard Asset Management LLC reduced its stake by 10,112 shares, bringing its total to 2,336,184 shares valued at approximately $23.9 million. Allspring Global Investments Holdings, LLC trimmed its position by 122,303 shares to 2,019,613 shares, valued at $20.6 million. Meanwhile, 1607 Capital Partners, LLC decreased its holdings by 187,213 shares, resulting in a total of 1,066,357 shares worth about $10.9 million. Bulldog Investors, LLP added 30,817 shares, ending with 532,074 shares valued at roughly $5.4 million.
The New Germany Fund, Inc. Stock Down 2.8%
Shares of NYSE:GF traded near $11.61 on Tuesday. The New Germany Fund has a market cap of approximately $186.7 million and a P/E ratio of 3.35. The stock's beta is 0.978, indicating moderate volatility. It has a 52-week low of $9.98 and a high of $12.82, with a 50-day moving average of $11.80 and a 200-day moving average of $11.45. The fund's current ratio stands at 0.951, with a quick ratio of 0.036 and a debt-to-equity ratio of 13.187.
$GF stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
The New Germany Fund reported revenue of $3.71 million with a revenue growth of 1.19%. The fund's net margin is 14.98%, and it has a return on equity of 31.04%. The next earnings report is expected on March 7, 2024.
Dividend
The fund pays an annual dividend of $0.28, yielding 2.47% with a payout ratio of 4.32%.
Insider Buying and Selling at The New Germany Fund, Inc.
On June 29, 2026, Fiona Flannery also purchased 12 shares at $11.48. Earlier in June, SABA Capital Management, L.P. made several buys, including 53,837 shares on June 15 at $11.60, 28,758 shares on June 16 at $11.81, 10,176 shares on June 17 at $11.81, and 4 shares on June 22 at $11.79.
About The New Germany Fund
The New Germany Fund, Inc. is a closed-ended equity mutual fund launched by Deutsche Investment Management Americas Inc. Managed by Deutsche Asset Management International GmbH, it invests in public equity markets in Germany, focusing on small and mid-cap companies across various sectors. The fund benchmarks its performance against the Midcap Market Performance Index. Established on January 16, 1990, The New Germany Fund is headquartered in Frankfurt am Main, Germany, and is led by CEO Ms. Linda Lonneberg.
Bottom Line
Leoni Wolfgang Helmut's recent purchase of shares in The New Germany Fund highlights ongoing insider interest in the fund. As a closed-ended mutual fund focused on German equities, it offers investors exposure to small and mid-cap companies. Institutional activity also indicates varied interest, with some funds increasing and others reducing their holdings. Investors keep an eye on such filings to gauge insider confidence and institutional sentiment, though these are backward-looking indicators.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.