Insider Purchase by Saba Capital Management, L.P. (10% Owner)
Trade Summary
1 week ago, Saba Capital Management, L.P., serving as 10% owner Owner at NEW GERMANY FUND INC (GF), purchased 43,687 shares at $11.60 per share, for a total transaction value of $506,769.20. Following this transaction, Saba Capital Management, L.P. now holds 3,646,502 shares of GF.
This purchase represents a 1.21% increase in Saba Capital Management, L.P.'s stake in the company. This is considered a medium-conviction trade.
The trade was executed on Thursday, July 2, 2026 and publicly disclosed via SEC Form 4 filing on Tuesday, July 7, 2026 at 1:36 PM ET, 5 days after the trade was made.
NEW GERMANY FUND INC operates in the FINANCIAL SERVICES sector, specifically within the ASSET MANAGEMENT industry. Insider buying activity in this sector can provide valuable signals about industry trends and company-specific developments.
Trade Price
$11.60
Quantity
43,687
Total Value
$506,769.20
Shares Owned
3,646,502
Trade Date
8 days ago
SEC Filing Date
at 1:36 PM ET
Filed 5 days after trade
Discussion