The New Ireland Fund, Inc. (NYSE:IRL – Get Rating) major shareholder Saba Capital Management, L.P. sold 2,241 shares of the stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $10.05, for a total value of $22,522.05. Following the transaction, the insider now owns 482,504 shares of the company's stock, valued at $4,849,165.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
Get The New Ireland Fund alerts:- On Wednesday, October 26th, Saba Capital Management, L.P. acquired 243 shares of The New Ireland Fund stock. The shares were purchased at an average price of $7.39 per share, with a total value of $1,795.77.
- On Monday, October 24th, Saba Capital Management, L.P. purchased 5,146 shares of The New Ireland Fund stock. The shares were bought at an average cost of $7.14 per share, with a total value of $36,742.44.
- On Friday, October 21st, Saba Capital Management, L.P. purchased 45,692 shares of The New Ireland Fund stock. The shares were bought at an average cost of $7.04 per share, with a total value of $321,671.68.
- On Wednesday, October 19th, Saba Capital Management, L.P. purchased 750 shares of The New Ireland Fund stock. The shares were bought at an average cost of $6.88 per share, with a total value of $5,160.00.
The New Ireland Fund Price Performance
Shares of NYSE IRL opened at $10.23 on Wednesday. The stock has a 50 day moving average price of $9.43 and a 200 day moving average price of $8.15. The New Ireland Fund, Inc. has a 52 week low of $6.45 and a 52 week high of $11.46.
The New Ireland Fund Cuts Dividend
The business also recently declared a — dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 23rd were given a dividend of $0.2003 per share. The ex-dividend date of this dividend was Thursday, December 22nd.Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of IRL. Bank of America Corp DE lifted its position in shares of The New Ireland Fund by 40.2% in the first quarter. Bank of America Corp DE now owns 4,861 shares of the financial services provider's stock valued at $45,000 after buying an additional 1,394 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of The New Ireland Fund in the third quarter valued at approximately $63,000. Captrust Financial Advisors acquired a new stake in shares of The New Ireland Fund in the second quarter valued at approximately $65,000. Cetera Investment Advisers lifted its position in shares of The New Ireland Fund by 18.1% in the first quarter. Cetera Investment Advisers now owns 13,047 shares of the financial services provider's stock valued at $121,000 after buying an additional 2,000 shares during the last quarter. Finally, Meridian Investment Counsel Inc. lifted its position in shares of The New Ireland Fund by 26.7% in the second quarter. Meridian Investment Counsel Inc. now owns 19,268 shares of the financial services provider's stock valued at $153,000 after buying an additional 4,065 shares during the last quarter. 40.12% of the stock is owned by institutional investors and hedge funds.
About The New Ireland Fund
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The New Ireland Fund, Inc is a closed-end investment company. The Fund objective is to achieve long-term capital appreciation through investment in equity securities of Irish companies. The company was founded on December 14, 1989 and is headquartered in Boston, MA.
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