ECF 10% Owner Saba Capital Management, L.P. Buys $658K of Stock

Saba Capital Management, L.P. bought 56,083 shares of Ellsworth Growth & Income Fund Ltd (ECF) on October 14, 2026, for $11.74 each, totaling about $658,414.42. This purchase comes as part of Saba's ongoing strategy to increase its holdings in the fund, which primarily invests in convertible securities.

Other Institutional Activity in Ellsworth Growth & Income Fund Ltd

Saba Capital Management, L.P. continues to hold a significant position in ECF, with a total of 1,604,273 shares worth about $18.7 million as of June 30, 2026. Other institutional investors include SIT Investment Associates Inc, which added 3,639 shares, bringing its total to 936,651 shares valued at approximately $10.9 million. Wells Fargo & Company, on the other hand, reduced its stake by 15,826 shares, ending with 931,846 shares worth about $10.9 million.

Ellsworth Growth & Income Fund Ltd Stock Down 0.8%

As of October 16, 2026, ECF is trading around $11.71, which is below its 50-day and 200-day moving averages by approximately 4.8% and 4.9%, respectively. The stock is also about 15.5% lower than its 52-week high of $13.85, but it remains above its 52-week low of $10.71 by about 9.3%. This price action might indicate a potential buying opportunity for investors looking at the stock.

Recent Earnings

In its trailing twelve months, Ellsworth Growth & Income Fund Ltd reported revenue of approximately $4.79 million and earnings per share of $3.11. The fund has a net margin of 897.9% and a return on equity of 22.7%. These figures highlight the fund's strong profitability despite recent revenue challenges, as indicated by a year-over-year revenue decline of 28.9%.

Insider Buying and Selling at Ellsworth Growth & Income Fund Ltd

On October 14, 2026, Saba Capital Management, L.P. also reported the same-day purchase of 56,083 shares at $11.74, valued at about $658,414.42. Earlier, on October 12, the firm acquired 14,600 shares for $12.03 each, totaling around $175,638, and on October 8, it bought 27,937 shares at $11.95, valued at $333,847. These purchases reflect Saba's confidence in the fund's future performance.

About Ellsworth Growth & Income Fund Ltd

Ellsworth Growth and Income Fund Ltd. is a closed-end equity mutual fund that invests mainly in convertible securities. Managed by Gabelli Funds, LLC, the fund focuses on public equity markets and aims to achieve long-term capital appreciation and income. Given its investment strategy, Saba's recent buying activity suggests a strong belief in the fund's potential.

Bottom Line

Investors should monitor Saba Capital Management's activity in Ellsworth Growth & Income Fund Ltd for further developments. The fund's next earnings report will provide additional insights into its performance. Saba's recent purchases may signal confidence in the fund's recovery and future prospects.