L.P. Saba Capital Management Increases Stake in The New Germany Fund
L.P. Saba Capital Management bought additional shares of The New Germany Fund.
Key Points
- L.P. Saba Capital Management purchased 4 shares of The New Germany Fund on June 22, 2026, at $11.79 each, totaling $47.16.
- The New Germany Fund, trading at $11.77 on Tuesday, has a market cap of $191.5 million and a P/E ratio of 3.44.
- Other institutional investors like SABA Capital and Bulldog Investors adjusted their positions in The New Germany Fund recently.
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L.P. Saba Capital Management recently increased its holdings in The New Germany Fund, Inc. (NYSE:GF). On June 22, 2026, the firm bought 4 shares at $11.79 each, totaling $47.16. This transaction was not part of a pre-planned trading scheme.
What Changed in L.P. Saba Capital Management's The New Germany Fund Position
L.P. Saba Capital Management added to its position in The New Germany Fund by purchasing 4 additional shares. This small addition follows several larger trades earlier in June, reflecting continued interest in the fund.
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 valued at about $26.5 million, marking a 17.4% increase. Lazard Asset Management LLC trimmed its position slightly, reducing its stake by 10,112 shares to hold 2,336,184 shares worth approximately $23.9 million, a 0.4% decrease. Allspring Global Investments Holdings, LLC reduced its position by 122,303 shares, holding 2,019,613 shares valued at around $20.6 million, down 5.7%. Meanwhile, Bulldog Investors, LLP increased its holdings by 30,817 shares, totaling 532,074 shares valued at $5.4 million, a 6.1% increase.
The New Germany Fund, Inc. Stock Down 2.0%
Shares of NYSE:GF traded near $11.77 on Tuesday. The New Germany Fund has a market cap of approximately $191.5 million and a P/E ratio of 3.44, with a beta of 0.978. The stock's 52-week range spans from a low of $9.98 to a high of $12.82. It has a 50-day moving average of $11.77 and a 200-day moving average of $11.45. The fund maintains a current ratio of 0.951 and a quick ratio of 0.036, with 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 net margin stands at 14.98%, and the return on equity is 31.04%. The next earnings report is expected on March 7, 2024.
Dividend
The fund offers an annual dividend rate of $0.28, yielding 2.38%. The dividend payout ratio is a modest 4.32%.
Insider Buying and Selling at The New Germany Fund, Inc.
L.P. Saba Capital Management has been active, purchasing shares on several occasions in June 2026. Transactions included buying 10,176 shares on June 17, 28,758 shares on June 16, 53,837 shares on June 15, 10,848 shares on June 12, and 1,093 shares on June 11, with prices ranging from $11.49 to $11.81 per share.
About The New Germany Fund
The New Germany Fund, Inc. is a closed-ended equity mutual fund launched by Deutsche Investment Management Americas Inc. and managed by Deutsche Asset Management International GmbH. It invests in the public equity markets of Germany, focusing on small and mid-cap companies across various sectors. The fund is headquartered in Frankfurt am Main, Germany, and was established on January 16, 1990.
Bottom Line
L.P. Saba Capital Management's recent purchase of The New Germany Fund shares highlights ongoing interest in this asset management firm. Investors track such moves to gauge market sentiment and fund performance. As a reminder, insider transactions are disclosed after the fact and may not reflect current holdings.
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