Saba Capital Management, L.P. Purchases 9,751 Shares of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) Stock

Posted by Michael Walen on May 10th, 2025

Ellsworth Growth and Income Fund Ltd. (NYSE:ECF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 9,751 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The stock was bought at an average cost of $9.23 per share, for a total transaction of $90,001.73. Following the completion of the acquisition, the insider now directly owns 1,608,789 shares in the company, valued at $14,849,122.47. The trade was a 0.61 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Wednesday, April 30th, Saba Capital Management, L.P. bought 22,447 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average price of $9.01 per share, for a total transaction of $202,247.47.
On Monday, April 28th, Saba Capital Management, L.P. acquired 600 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average price of $8.97 per share, for a total transaction of $5,382.00.
On Monday, April 21st, Saba Capital Management, L.P. bought 3,400 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average price of $8.58 per share, for a total transaction of $29,172.00.
On Monday, April 14th, Saba Capital Management, L.P. acquired 14,065 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average cost of $8.64 per share, with a total value of $121,521.60.
On Tuesday, April 8th, Saba Capital Management, L.P. bought 11,276 shares of Ellsworth Growth and Income Fund stock. The stock was acquired at an average price of $8.37 per share, with a total value of $94,380.12.
On Thursday, April 3rd, Saba Capital Management, L.P. acquired 33,476 shares of Ellsworth Growth and Income Fund stock. The stock was acquired at an average price of $8.88 per share, with a total value of $297,266.88.
On Tuesday, April 1st, Saba Capital Management, L.P. purchased 34,285 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average cost of $9.05 per share, for a total transaction of $310,279.25.

Ellsworth Growth and Income Fund Trading Up 0.3 %

Shares of NYSE:ECF opened at $9.46 on Friday. Ellsworth Growth and Income Fund Ltd. has a 52-week low of $7.92 and a 52-week high of $10.14. The firm has a fifty day moving average of $9.05 and a 200 day moving average of $9.51.

Ellsworth Growth and Income Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date was Monday, March 17th.

Hedge Funds Weigh In On Ellsworth Growth and Income Fund

Large investors have recently modified their holdings of the company. Sanctuary Advisors LLC raised its stake in shares of Ellsworth Growth and Income Fund by 7.3% during the fourth quarter. Sanctuary Advisors LLC now owns 69,370 shares of the company’s stock worth $698,000 after acquiring an additional 4,715 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Ellsworth Growth and Income Fund in the 4th quarter worth $881,000. Blue Bell Private Wealth Management LLC lifted its stake in Ellsworth Growth and Income Fund by 8.3% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 138,308 shares of the company’s stock worth $1,340,000 after purchasing an additional 10,574 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Ellsworth Growth and Income Fund by 61.4% during the fourth quarter. Advisors Asset Management Inc. now owns 368,889 shares of the company’s stock valued at $3,575,000 after buying an additional 140,392 shares during the period. Finally, Sit Investment Associates Inc. grew its stake in shares of Ellsworth Growth and Income Fund by 161.5% during the fourth quarter. Sit Investment Associates Inc. now owns 318,285 shares of the company’s stock valued at $3,084,000 after buying an additional 196,567 shares during the last quarter. 35.88% of the stock is owned by hedge funds and other institutional investors.

About Ellsworth Growth and Income Fund

(Get Free Report)

Ellsworth Growth and Income Fund Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets. The fund primarily invests in convertible securities. It invests in stocks of companies across market capitalizations.