ECF 10% Owner Saba Capital Management, L.P. Buys $176K of Stock

Saba Capital Management, L.P. bought 14,600 shares of Ellsworth Growth & Income Fund Ltd. (ECF) on October 12, 2026, for $175,638. The purchase price was $12.03 per share. This move reflects Saba's ongoing investment strategy in the asset management industry.

Inside Saba Capital Management's Trade

Saba Capital Management, a 10% owner of ECF, recently added to its position by buying 14,600 shares. This transaction marks another step in Saba's investment approach, which has included several recent purchases. The firm has shown a consistent commitment to increasing its stake in the fund.

Other Institutional Activity in ECF

Other institutional investors have also been active in ECF. SIT Investment Associates Inc. increased its holdings by 3,639 shares, bringing its total to 936,651 shares valued at about $10.9 million. Meanwhile, Wells Fargo & Company reduced its stake by 15,826 shares, ending with 931,846 shares worth approximately $10.9 million. Additionally, Blue Bell Private Wealth Management, LLC added 30,939 shares, increasing its total to 239,144 shares valued at about $2.8 million.

Ellsworth Growth & Income Fund Ltd Stock Down 0.8%

As of October 16, 2026, ECF was trading around $11.71, which is below its 50-day moving average of $12.30 and its 200-day average of $12.32. The stock is also 15.5% below its 52-week high of $13.85 but remains 9.3% above its 52-week low of $10.71. This positioning suggests a challenging environment for the stock.

Recent Earnings

Ellsworth Growth & Income Fund reported trailing twelve-month revenue of about $4.8 million and an EPS of $3.11. The fund's net margin stands at an impressive 897.9%, while the return on equity is at 22.7%.

Insider Buying and Selling at Ellsworth Growth & Income Fund Ltd

Saba Capital Management has been active in the market, recently acquiring shares in ECF. On October 12, 2026, the firm purchased 14,600 shares at $12.03 each, totaling $175,638. Earlier, on October 8, 2026, Saba bought 27,937 shares for $11.95 each, reflecting its strong interest in the fund. Other recent transactions included purchases on August 28 and September 4, 2026.

About Ellsworth Growth & Income Fund Ltd.

Ellsworth Growth and Income Fund Ltd. is a closed-ended equity mutual fund managed by Gabelli Funds, LLC. The fund primarily invests in convertible securities and focuses on public equity markets. It benchmarks its performance against major indices like the S&P 500 and various convertible indices, reflecting its strategy in asset management.

Bottom Line

Investors should monitor Saba Capital Management's ongoing activity in ECF and watch for the next earnings report. The stock's current position below key moving averages suggests it may face continued pressure in the near term.