ECF ELLSWORTH GROWTH & INCOME FUND LTD Insider Trading

ECF President Dinsmore buys 200 shares at $11.60; stock now $11.93 (+0.8% in 30d)

President James Andrew Dinsmore purchased 200 shares of Ellsworth Growth & Income Fund at $11.60 on 2025-12-17, increasing his holdings to 12,292 shares. The stock currently trades at $11.93, within its 52-week range, down 4.8% from the 52-week high. Examining Dinsmore's cross-ticker purchase history, his 3 prior open-market buys averaged +1.3% returns over 30 days and -3.5% over 90 days, with a 0.00% win rate at the 90-day mark. His single prior purchase at ECF (2024-01-23) delivered +1.6% in 30 days but -3.8% over 90 days. The current purchase represents modest activity at $2,320.00, and the limited size and insider's historical pattern of negative 90-day performance across both cross-ticker and same-ticker contexts suggest this transaction warrants routine monitoring rather than indicating a material shift in conviction.

Saba Capital Management (10% owner) purchased 33,764 shares of ECF at $12.15 on 2025-11-07, increasing holdings to 1.68M shares.

Saba Capital Management's 33,764-share purchase represents a modest 2.1% increase to holdings already near the top of ECF's 52-week trading range ($8.26–$12.53). The transaction occurred at $12.15, approximately 1.5% below the current price of $12.34 and near the 52-week high, providing limited entry-price advantage. The insider's cross-ticker track record shows 6 prior buys against 14 prior sells, indicating a net seller on balance across all holdings. For ECF specifically, this purchase signals continued participation by a major shareholder but does not establish a pronounced directional conviction at current valuation levels.

Saba Capital (10% owner) purchases 11,604 shares of ECF at $12.28; stock up 6.0% in 30 days

Saba Capital Management, L.P., a 10% owner of Ellsworth Growth & Income Fund LTD, purchased 11,604 shares at $12.28 on 2025-10-28, increasing holdings from 1,635,252 shares to 1,646,856 shares (+0.7%). The purchase occurs against a backdrop of near-term momentum: the stock has gained 6.0% over the prior 30 days and 18.6% over 90 days, trading at $12.30 currently, just 1.8% below its 52-week high of $12.53. Across all tickers, Saba's insider trading history shows 16 prior buys against only 4 prior sells, indicating a net accumulation bias. The modest share count increase and modest total transaction value of $142,497.12 relative to the 1.65M share position suggests incremental positioning rather than a material confidence signal in isolation.

Saba Capital Management bought 8,031 shares of ECF at $10.69, expanding stake to 1,635,252 shares

Saba Capital Management, a 10% owner, purchased 8,031 shares at $10.69 on 2025-08-19, adding to a substantial existing position of 1,627,221 shares. The purchase occurred near the 52-week high of $10.84, with the current price at $10.72 reflecting minimal downside from the transaction price. The stock has appreciated 10.4% over the past 90 days and 2.0% over the past 30 days. Across the insider's full cross-ticker history, 14 prior buys and 6 prior sells suggest a net buying bias, though this single transaction represents a modest 0.5% increase to an already large position and does not constitute a material shift in portfolio allocation.

Saba Capital (10% owner) purchased 856 shares of ECF at $9.60 on 2025-05-19, increasing position to 1,627,221 shares.

Saba Capital Management made a modest open-market purchase of 856 shares for $8,217.60, representing a 0.1% increase to an already substantial 1,627,221-share position. The transaction occurred at $9.60 per share, which is 1.5% below the current price of $9.75 and sits within the 52-week range of $8.01–$10.07. Across the insider's cross-ticker track record, this buy adds to a pattern of 15 prior purchases versus 5 prior sells, indicating a net accumulative stance. The small share count relative to existing holdings and the minor price movement in the intervening period suggest this is routine portfolio activity by a major shareholder rather than a material tactical repositioning.

Saba Capital buys 17,576 ECF shares at $9.19; holdings now 1,626,365 shares (+1.1%)

Saba Capital Management, a 10% owner of Ellsworth Growth & Income Fund, purchased 17,576 shares at $9.19 on 2025-05-06, extending a brief accumulation pattern with back-to-back buys on 2025-05-01 and 2025-05-05 at this ticker. The transaction price sits $0.24 below the current price of $9.43 and remains within the 52-week range of $7.82–$10.07, representing -6.4% from the 52-week high. The insider's cross-ticker track record shows 14 prior buys against 6 prior sells over time, though outcome measurement is not yet available for the two most recent ECF purchases, limiting directional conviction assessment at this specific ticker. The modest 1.1% increase in holdings suggests a measured position adjustment rather than a material strategic repositioning.

Saba Capital bought 9,751 shares of ECF at $9.23 on 2025-05-05, growing holdings to 1,608,789 shares.

Saba Capital Management acquired 9,751 shares of Ellsworth Growth & Income Fund at $9.23, a transaction totaling $90,001.73, which represents a 0.6% increase to existing holdings of 1,608,789 shares. The purchase occurred at a price that is -8.3% from the 52-week high of $10.07 and in a period where the stock has recovered 7.4% over the past 30 days following a 90-day decline of -7.5%. Across Saba's cross-ticker transaction history, the insider shows 14 prior open-market buys against 6 sells, indicating a net buying posture. At ECF specifically, three prior purchases have occurred within the past week (2025-04-30, 2025-05-01, and 2025-05-06), suggesting consistent incremental accumulation at current price levels. None of the prior same-ticker purchases have reached a measurable 90-day outcome yet, so this pattern of recent activity is the only observable context for this transaction.

Saba Capital (10% owner) bought 1,000 shares of ECF at $9.11 on 2025-05-01 for $9,110.00, raising stake to 1,599,038 shares.

Saba Capital Management purchased 1,000 shares at $9.11 on 2025-05-01, a modest 0.1% addition to its already substantial 1.60M share position as a 10% owner. The transaction occurred when ECF was trading near its 52-week high of $10.07, with the stock up 7.1% over the preceding 30 days, suggesting the buy was executed into recent strength rather than weakness. Across Saba's broader trading record, the insider maintains a 16-to-4 buy-to-sell ratio across all tickers, but the same-ticker history at ECF is too recent to evaluate timing outcomes. The incremental nature of this purchase—adding 1,000 shares to an existing multi-million-share position—reflects routine accumulation rather than a discrete positioning statement.

Saba Capital (10% owner) buys 27.2K shares of ECF across 2 transactions at blended $9.02

Saba Capital Management, L.P., a 10% owner of Ellsworth Growth & Income Fund Ltd, executed two separate purchases totaling 27,185 shares for $245,078.99 at a blended average price of $9.02 on April 29–30, 2025. This represents a 1.7% increase in holdings to 1,598,038 shares post-transaction. The current price of $9.10 sits 9.6% below the 52-week high of $10.07 and reflects a 9.4% decline over the past 90 days, establishing a backdrop of depressed valuation relative to recent trading ranges. Saba's cross-ticker track record shows 18 prior buys against only 2 prior sells, indicating a systematic buying bias; however, no prior trades in this cross-ticker history demonstrated well-timed entry at the 90-day mark, and same-ticker outcomes at ECF remain unmeasurable. The filing signals continued accumulation by a significant shareholder in a closed-end fund trading near recent lows, but lacks sufficient historical evidence of successful timing to characterize the purchase as conviction-driven.

Saba Capital buys 600 shares of ECF at $8.97; stock -9.4% over 90 days, now trading -10.3% from 52-week high.

Saba Capital Management, a 10% owner, purchased 600 shares at $8.97, adding to a position of 1.57M shares. The transaction is modest in scale relative to holdings (600 shares, $5.4K total value). ECF has declined 9.4% over the past 90 days and trades 10.3% below its 52-week high of $10.07, suggesting a pullback in the fund's valuation. Saba's cross-ticker track record shows 20 prior buys, but this represents the second transaction at ECF (the first on 2025-04-29 with outcomes not yet measurable), limiting the ability to assess the insider's timing accuracy in this specific holding. The purchase occurs in a downtrend but provides minimal signal regarding conviction or valuation views given the small transaction size.