The New Germany Fund (GF) 10% Owner L.P. Buys $14K of Stock

Saba Capital Management, L.P. bought 1,258 shares of The New Germany Fund, Inc. (GF) for about $13,963 on September 17, 2026. The purchase reflects Saba's continued interest in the fund, which focuses on investments in German equities. This transaction was reported under the SEC's rules for insider trading.

Inside Saba Capital Management's Trade

Saba Capital's recent buy adds to its existing stake, bringing its total holdings to 3,602,815 shares. The shares were acquired at a price of $11.10 each, indicating a commitment to the fund's strategy of investing in small- and mid-cap German companies.

Other Institutional Activity in The New Germany Fund, Inc.

Saba Capital Management is not alone in its interest in The New Germany Fund. Lazard Asset Management LLC increased its holdings by 62,611 shares, totaling 2,398,831 shares worth about $24.7 million. Meanwhile, Allspring Global Investments Holdings, LLC trimmed its position by 321,742 shares, leaving it with 1,697,984 shares valued at approximately $17.5 million. Additionally, 1607 Capital Partners, LLC reduced its stake by 254,968 shares, now holding 811,397 shares worth around $8.4 million. Bulldog Investors, LLP maintained its position with 532,074 shares.

The New Germany Fund, Inc. Stock Down 0.3%

The New Germany Fund's shares recently closed at $11.10, just above its 52-week low of $9.98 and below its high of $12.49. This performance suggests that the stock is currently trading in a lower range, which may attract investors looking for value.

Recent Earnings

In its last earnings report, The New Germany Fund reported revenue of approximately $3.53 million, reflecting a slight decline of 5.4% year-over-year. The fund's net margin was negative at -2.14%, and it has not generated positive earnings per share, reporting an EPS of -0.47. The next earnings report is expected on November 30, 2026.

Dividend

The New Germany Fund pays an annual dividend rate of $0.28, which translates to a yield of 2.61%. This payout reflects a low dividend payout ratio of 4.32%, indicating that the fund retains most of its earnings for reinvestment.

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

In addition to Saba Capital's recent purchase, the firm also bought 1,662 shares at an average price of $10.25 on October 14, 2026, valued at about $17,035. On October 13, 2026, Saba acquired 3,678 shares at $10.27, totaling approximately $37,773. Furthermore, insiders Leoni Wolfgang Helmut and Fiona Flannery made small purchases of 17 and 12 shares, respectively, at prices around $11.48 on June 29, 2026.

About The New Germany Fund, Inc.

The New Germany Fund, Inc. is a closed-end equity mutual fund that invests primarily in the German public equity markets. Managed by Deutsche Asset Management International GmbH, it focuses on small- and mid-cap companies across various sectors. The fund aims to provide investors with exposure to the growth potential within Germany's diverse economy.

Bottom Line

Looking ahead, investors will want to monitor The New Germany Fund's upcoming earnings report on November 30, 2026, as well as any further insider transactions from Saba Capital Management. The recent insider buying reflects a strategic commitment to the fund, which may indicate confidence in its future performance. Remember, this trade is based on a 13F filing that reflects Saba's position as of the reporting period and may not represent its current holdings.