Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Stock: Insider Saba Capital Management, L.P. Purchases 14,600 Shares

Posted by Geri Gentry on Oct 16th, 2026

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 14,600 shares of the stock in a transaction that occurred on Monday, October 12th. The stock was acquired at an average price of $12.03 per share, with a total value of $175,638.00. Following the completion of the transaction, the insider directly owned 1,688,547 shares of the company’s stock, valued at $20,313,220.41. This trade represents a 0.87% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 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, October 14th, Saba Capital Management, L.P. acquired 56,083 shares of Ellsworth Growth and Income Fund stock. The shares were acquired at an average cost of $11.74 per share, with a total value of $658,414.42.
On Thursday, October 8th, Saba Capital Management, L.P. bought 27,937 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average cost of $11.95 per share, with a total value of $333,847.15.
On Wednesday, October 7th, Saba Capital Management, L.P. purchased 17,548 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average price of $11.97 per share, with a total value 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 stock was bought at an average cost 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 stock was bought at an average cost of $12.25 per share, for a total transaction of $61,250.00.
On Friday, August 28th, Saba Capital Management, L.P. acquired 1,200 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average price of $12.47 per share, for a total transaction of $14,964.00.
On Thursday, August 27th, Saba Capital Management, L.P. acquired 3,900 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average price of $12.49 per share, for a total transaction 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 cost 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 cost of $12.52 per share, with a total value of $19,368.44.

Ellsworth Growth and Income Fund Trading Up 0.7%

Ellsworth Growth and Income Fund stock opened at $11.80 on Friday. Ellsworth Growth and Income Fund Ltd. has a fifty-two week low of $10.70 and a fifty-two week high of $13.85. The firm has a 50 day moving average price of $12.30 and a 200 day moving average price of $12.50.

Ellsworth Growth and Income Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 7.5%. 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.

Institutional Investors Weigh In On Ellsworth Growth and Income Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Capstone Investment Advisors LLC acquired a new position in Ellsworth Growth and Income Fund during the 2nd quarter worth about $1,076,000. Evolve Private Wealth LLC acquired a new position in Ellsworth Growth and Income Fund in the 2nd quarter valued at about $875,000. Sit Investment Associates Inc. grew its position in Ellsworth Growth and Income Fund by 4.9% in the 4th quarter. Sit Investment Associates Inc. now owns 932,552 shares of the investment management company’s stock valued at $10,846,000 after acquiring an additional 43,839 shares in the last quarter. K2 Principal Fund L.P. acquired a new position in Ellsworth Growth and Income Fund in the 2nd quarter valued at about $325,000. Finally, Ruggaard & Associates LLC purchased a new stake in Ellsworth Growth and Income Fund during the second quarter worth about $248,000. Hedge funds and other institutional investors own 35.88% of the company’s stock.

About Ellsworth Growth and Income Fund

(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.