Insider Buying: Ellsworth Growth and Income Fund (NYSEAMERICAN:ECF) Major Shareholder Buys $175,638.00 in Stock

Posted by Hanz Christensen on Oct 17th, 2026

Ellsworth Growth and Income Fund Ltd. (NYSEAMERICAN:ECF – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 14,600 shares of Ellsworth Growth and Income Fund stock in a transaction dated Monday, October 12th. The stock was acquired at an average cost of $12.03 per share, with a total value of $175,638.00. Following the completion of the acquisition, the insider directly owned 1,688,547 shares in the company, valued at approximately $20,313,220.41. This trade represents a 0.87% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large 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, 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, for a total transaction of $658,414.42.
On Thursday, October 8th, Saba Capital Management, L.P. acquired 27,937 shares of Ellsworth Growth and Income Fund stock. The stock was acquired at an average price of $11.95 per share, with a total value of $333,847.15.
On Wednesday, October 7th, Saba Capital Management, L.P. acquired 17,548 shares of Ellsworth Growth and Income Fund stock. The stock was acquired 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. bought 6,800 shares of Ellsworth Growth and Income Fund stock. The stock was acquired at an average cost of $12.36 per share, with a total value of $84,048.00.
On Thursday, September 3rd, Saba Capital Management, L.P. bought 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. acquired 1,200 shares of Ellsworth Growth and Income Fund stock. The shares were bought at an average cost of $12.47 per share, for a total transaction 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 shares were purchased at an average cost of $12.49 per share, for a total transaction of $48,711.00.
On Friday, August 21st, Saba Capital Management, L.P. bought 5,742 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average cost of $12.53 per share, for a total transaction of $71,947.26.
On Thursday, August 20th, Saba Capital Management, L.P. purchased 1,547 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average price of $12.52 per share, with a total value of $19,368.44.

Ellsworth Growth and Income Fund Trading Down 1.3%

Shares of NYSEAMERICAN:ECF traded down $0.15 during midday trading on Friday, hitting $11.65. 45,969 shares of the stock were exchanged, compared to its average volume of 55,953. Ellsworth Growth and Income Fund Ltd. has a twelve month low of $10.70 and a twelve month high of $13.85. The company has a 50 day moving average price of $12.28 and a 200-day moving average price of $12.49.

Ellsworth Growth and Income Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, September 16th. This is an increase from Ellsworth Growth and Income Fund’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a yield of 7.6%.

Institutional Trading of Ellsworth Growth and Income Fund

Several institutional investors and hedge funds have recently modified their holdings of ECF. Readystate Asset Management LP purchased a new position in shares of Ellsworth Growth and Income Fund during the 2nd quarter worth approximately $154,000. Ruggaard & Associates LLC purchased a new stake in Ellsworth Growth and Income Fund in the 2nd quarter valued at approximately $248,000. Capstone Investment Advisors LLC purchased a new stake in Ellsworth Growth and Income Fund in the 2nd quarter valued at approximately $1,076,000. Evolve Private Wealth LLC acquired a new stake in Ellsworth Growth and Income Fund during the 2nd quarter valued at $875,000. Finally, Beckerman Institutional LLC acquired a new stake in Ellsworth Growth and Income Fund during the 2nd quarter valued at $169,000. 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.