Insiders Trades
NG
NEW Germany Fund Inc Stock: price and insider trades · United States
1 insider bought €1.2M of shares over the last 90 days, the latest filed 15 Oct 2026.
NEW Germany Fund Inc: what insiders have been doing
Every trade that managers of NEW Germany Fund Inc disclose to SEC (Form 4) is tracked on this page. The company sits in the Finance & Banking sector. Over the twelve months to 18 October 2026, the company's managers filed 87 filings, from 3 insiders.
The record shows 80 purchases on the open market worth €11.6M, made by 2 insiders, against 3 sales worth €147k by 1 insider. On balance, insiders were net buyers of €11.5M. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. At €1.7M, the purchase published on 13 April 2026 by Saba Capital Management, L.P. is the largest of the period. Those buying include 1 major shareholder and 1 senior executive.
Compared with its exchange (5,814 companies, median 19 filings), a count of 87 filings is above the norm. Our records for NEW Germany Fund Inc go back to 2016, with 102 purchases and 4 sales on the open market in total.
In all, 9 purchases were made within 30 days of a purchase by another insider of the company. Purchases made close together by different insiders form what is called a cluster. The last purchase on record was published on 15 October 2026, which is 3 days ago. Typically, a trade is published a median of 2 days after it takes place. Section 16 rules allow two business days to file each Form 4.
Other companies in the same sector with recent insider buying flagged by our signals: First Guaranty Bancshares, Inc. and BCB Bancorp Inc. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
131
Thresholds
n/a
Buy Volume
€14M
102 ops. · all time
Sell Volume
€154,896
4 ops. · all time
Who traded when
BuySaleSaba Capital Management, L.P.96 buys3 sales
Fiona Flannery1 buy
Since the insiders bought
- -9.1%Entry US$11.27 · Close 15 Oct 2026 US$10.25
- -10.3%Entry US$11.43 · Close at T+90 US$10.25
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2025FY ended December 2025 · cache
US$10.25
Analyst consensus
Income statement
RevenueUS$56.8M
Net incomeUS$55.5M-214.4% margin
Valuation
PER (trailing)3.4x
P/Book0.8x
Beta1.00
Balance sheet & cash
Market capUS$167.2M
Debt / Equity9%
Profitability & ownership
ROE-3.6%
ROA0.2%
% insiders0.0%
% institutions67.9%
Last declaration on 15 October 2026
Declarations131 total
3,678 shares@ US$10.270.023% mcap0.2% of flowCommon StockSEC:0001510281-26-000350:0
Canonical exit: 11 Jan 2027 (T+90)
1,662 shares@ US$10.250.010% mcap0.1% of flowCommon StockSEC:0001510281-26-000350:1
Canonical exit: 12 Jan 2027 (T+90)
585 shares@ US$10.280.0036% mcap0.0% of flowCommon StockSEC:0001510281-26-000344:0
Canonical exit: 7 Jan 2027 (T+90)
3,100 shares@ US$10.320.019% mcap0.2% of flowCommon StockSEC:0001510281-26-000344:1
Canonical exit: 10 Jan 2027 (T+90)
1,223 shares@ US$10.360.0076% mcap0.1% of flowCommon StockSEC:0001510281-26-000333:0
Canonical exit: 5 Jan 2027 (T+90)
5,497 shares@ US$10.470.034% mcap0.4% of flowCommon StockSEC:0001510281-26-000332:0
Canonical exit: 4 Jan 2027 (T+90)
25,144 shares@ US$10.510.15% mcap1.7% of flowCommon StockSEC:0001510281-26-000326:0
Canonical exit: 3 Jan 2027 (T+90)
1,988 shares@ US$10.630.012% mcap0.1% of flowCommon StockSEC:0001510281-26-000319:0
Canonical exit: 28 Dec 2026 (T+90)
11,059 shares@ US$10.710.068% mcap0.8% of flowCommon StockSEC:0001510281-26-000319:1
Canonical exit: 29 Dec 2026 (T+90)
1,272 shares@ US$10.730.0078% mcap0.1% of flowCommon StockSEC:0001510281-26-000315:0
Canonical exit: 27 Dec 2026 (T+90)
5,256 shares@ US$10.740.032% mcap0.4% of flowCommon StockSEC:0001510281-26-000312:1
Canonical exit: 24 Dec 2026 (T+90)
500 shares@ US$10.850.0031% mcap0.0% of flowCommon StockSEC:0001510281-26-000312:0
Canonical exit: 23 Dec 2026 (T+90)
12,336 shares@ US$10.950.076% mcap0.9% of flowCommon StockSEC:0001510281-26-000311:0
4,657 shares@ US$10.850.029% mcap0.3% of flowCommon StockSEC:0001510281-26-000311:1
Canonical exit: 22 Dec 2026 (T+90)
930 shares@ US$10.960.0058% mcap0.1% of flowCommon StockSEC:0001510281-26-000308:0
1,258 shares@ US$11.100.0079% mcap0.1% of flowCommon StockSEC:0001510281-26-000307:0
Canonical exit: 16 Dec 2026 (T+90)
14,185 shares@ US$10.820.087% mcap1.0% of flowCommon StockSEC:0001510281-26-000307:1
Canonical exit: 17 Dec 2026 (T+90)
3,306 shares@ US$10.920.020% mcap0.2% of flowCommon StockSEC:0001510281-26-000304:0
Canonical exit: 14 Dec 2026 (T+90)
1,534 shares@ US$10.880.0094% mcap0.1% of flowCommon StockSEC:0001510281-26-000304:1
Canonical exit: 15 Dec 2026 (T+90)
800 shares@ US$11.550.0052% mcap0.1% of flowCommon StockSEC:0001510281-26-000295:0
Canonical exit: 8 Dec 2026 (T+90)
1,179 shares@ US$11.550.0076% mcap0.1% of flowCommon StockSEC:0001510281-26-000294:0
Canonical exit: 7 Dec 2026 (T+90)
3,721 shares@ US$11.560.024% mcap0.3% of flowCommon StockSEC:0001510281-26-000288:0
Canonical exit: 2 Dec 2026 (T+90)
905 shares@ US$11.400.0058% mcap0.1% of flowCommon StockSEC:0001510281-26-000287:0
Canonical exit: 30 Nov 2026 (T+90)
2,000 shares@ US$11.480.013% mcap0.1% of flowCommon StockSEC:0001510281-26-000287:1
Canonical exit: 1 Dec 2026 (T+90)
300 shares@ US$11.200.0019% mcap0.0% of flowCommon StockSEC:0001510281-26-000278:0
Canonical exit: 18 Nov 2026 (T+90)
25 of 131 declarations
About NEW Germany Fund Inc
The New Germany Fund, Inc. (ticker: GF) is a U.S.-listed closed-end investment company traded on the NYSE/NASDAQ universe in the United States. Rather than operating a traditional industrial business, GF provides investors with a listed vehicle for targeted exposure to German equities. For French, Belgian, and Swiss investors, the fund is best understood as a specialist equity wrapper focused on Germany, allowing shares to trade on the secondary market and often to fluctuate at a premium or discount to net asset value. ([dws.com](https://www.dws.com/en-US/PortfolioHoldings/2613/01-30-2026/ClosedEndFund/?utm_source=openai))
The fund’s core mandate is to invest primarily in German stocks, with a particular emphasis on middle-market German equities and, more broadly, on companies tied to the German economy and German capital markets. DWS materials state that the fund invests “primarily through investment in middle-market German equities” and that it mainly focuses on companies domiciled in Germany, while also retaining some flexibility to hold non-German-domiciled securities when appropriate. This makes GF a fairly concentrated thematic allocation, highly sensitive to the German equity cycle, euro exposure, and broader European macro conditions. ([dws.com](https://www.dws.com/download/?fileName=GF-FACT.pdf&id=003282&utm_source=openai))
Read moreShow less
Historically, The New Germany Fund is one of the long-established country funds within the DWS platform. The fund’s published performance materials show an inception date of 1/30/1990, underlining that it has been operating for decades and has built a long operating record through multiple market regimes. That long history matters for investors assessing manager consistency, mandate stability, and how the structure behaves across different phases of the German market. ([dws.com](https://www.dws.com/download/?fileName=GF-FACT.pdf&id=003282&utm_source=openai))
From a business-model perspective, GF does not generate revenue from products or services in the conventional corporate sense. Its role is to package an actively managed exposure to German listed equities inside a publicly traded closed-end fund structure. The fund is part of the DWS ecosystem, and SEC filings confirm the GF ticker, the fund identity, and its U.S. reporting footprint. The fund’s operational presence is tied to DWS in New York, consistent with its U.S. listing and reporting obligations. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000858706/000100371526000613/xslFormN-CEN_X05/primary_doc.xml?utm_source=openai))
Competitive positioning is centered on specialization. GF competes with passive Germany-focused ETFs, other regional equity funds, and broader Europe funds. Its strengths are a long track record, a clear country mandate, and active management; its weaknesses are concentration risk, currency risk, and the structural possibility of sustained discount volatility, which is common among closed-end funds. DWS commentary in late 2025 highlighted that German equities have attracted renewed investor interest amid diversification away from U.S. technology-heavy markets, although the backdrop still includes geopolitical and macroeconomic uncertainties. ([dws.com](https://www.dws.com/en-pt/insights/cio-view/macro/q4-2025-market-update-german-equities-defied-a-poor-economy/?utm_source=openai))
Recent notable items include 2025 SEC periodic filings and Form 4 insider transaction reporting associated with GF, reflecting standard U.S. listed-fund disclosure activity. Overall, GF remains a niche but established way to access German equities through a U.S.-listed, professionally managed closed-end fund structure in the United States. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0000858706/000008805326000215/ar123125ngf.htm?utm_source=openai))
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