Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Stock: Insider Saba Capital Management, L.P. Acquires 27,937 Shares

Posted by Mitch Edgeman on Oct 15th, 2026

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF – Get Free Report) major shareholder Saba Capital Management, L.P. bought 27,937 shares of the stock in a transaction that occurred on Thursday, October 8th. The stock was bought at an average price of $11.95 per share, with a total value of $333,847.15. Following the completion of the purchase, the insider directly owned 1,673,947 shares in the company, valued at $20,003,666.65. This represents a 1.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

On Monday, October 12th, Saba Capital Management, L.P. bought 14,600 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average cost of $12.03 per share, for a total transaction of $175,638.00.
On Wednesday, October 7th, Saba Capital Management, L.P. bought 17,548 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average cost of $11.97 per share, for a total transaction of $210,049.56.
On Friday, September 4th, Saba Capital Management, L.P. purchased 6,800 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average price of $12.36 per share, for a total transaction of $84,048.00.
On Thursday, September 3rd, Saba Capital Management, L.P. purchased 5,000 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average price of $12.25 per share, for a total transaction of $61,250.00.
On Friday, August 28th, Saba Capital Management, L.P. purchased 1,200 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average cost of $12.47 per share, with a total value of $14,964.00.
On Thursday, August 27th, Saba Capital Management, L.P. purchased 3,900 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average cost of $12.49 per share, with a total value of $48,711.00.
On Friday, August 21st, Saba Capital Management, L.P. acquired 5,742 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average price of $12.53 per share, with a total value of $71,947.26.
On Thursday, August 20th, Saba Capital Management, L.P. acquired 1,547 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average price of $12.52 per share, with a total value of $19,368.44.

Ellsworth Growth and Income Fund Price Performance

Shares of ECF opened at $11.72 on Thursday. Ellsworth Growth and Income Fund Ltd. has a 1-year low of $10.70 and a 1-year high of $13.85. The company’s fifty day moving average price is $12.31 and its 200-day moving average price is $12.49.

Ellsworth Growth and Income Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th were paid a $0.22 dividend. This is a positive change from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.19. The ex-dividend date was Wednesday, September 16th. This represents a $0.88 dividend on an annualized basis and a yield of 7.5%.

Institutional Trading of Ellsworth Growth and Income Fund

Several large investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in shares of Ellsworth Growth and Income Fund in the second quarter worth about $28,000. Readystate Asset Management LP acquired a new stake in shares of Ellsworth Growth and Income Fund during the second quarter worth about $154,000. Beckerman Institutional LLC acquired a new stake in shares of Ellsworth Growth and Income Fund during the second quarter worth about $169,000. Ruggaard & Associates LLC purchased a new stake in Ellsworth Growth and Income Fund in the second quarter valued at approximately $248,000. Finally, Private Advisor Group LLC boosted its position in Ellsworth Growth and Income Fund by 7.6% in the first quarter. Private Advisor Group LLC now owns 27,015 shares of the investment management company’s stock valued at $301,000 after buying an additional 1,916 shares during the last quarter. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Ellsworth Growth and Income Fund Company Profile

(Get Free Report)

Ellsworth Growth and Income Fund, Inc is a closed-end management investment company listed on the NYSE American under the symbol ECF. The fund seeks to provide investors with current income and long-term capital appreciation through a professionally managed portfolio of securities.

The fund invests primarily in convertible securities, including convertible bonds and preferred stocks, as well as common stocks and other income-producing investments. Convertible securities may provide regular income while also offering the potential to participate in the appreciation of the underlying companies’ common shares.