Ellsworth Growth and Income Fund Ltd. (NYSE:ECF - Get Free Report) major shareholder Saba Capital Management, L.P. bought 9,751 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was bought at an average price of $9.23 per share, with a total value of $90,001.73. Following the completion of the purchase, the insider now directly owns 1,608,789 shares in the company, valued at $14,849,122.47. This represents a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Saba Capital Management, L.P. also recently made the following trade(s):
- On Wednesday, April 30th, Saba Capital Management, L.P. acquired 22,447 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average cost of $9.01 per share, for a total transaction of $202,247.47.
- On Monday, April 28th, Saba Capital Management, L.P. bought 600 shares of Ellsworth Growth and Income Fund stock. The stock was purchased at an average price of $8.97 per share, for a total transaction of $5,382.00.
- On Monday, April 21st, Saba Capital Management, L.P. purchased 3,400 shares of Ellsworth Growth and Income Fund stock. The shares were acquired at an average cost of $8.58 per share, with a total value of $29,172.00.
- On Monday, April 14th, Saba Capital Management, L.P. acquired 14,065 shares of Ellsworth Growth and Income Fund stock. The stock was acquired at an average cost of $8.64 per share, for a total transaction of $121,521.60.
- On Tuesday, April 8th, Saba Capital Management, L.P. bought 11,276 shares of Ellsworth Growth and Income Fund stock. The shares were acquired at an average price of $8.37 per share, with a total value of $94,380.12.
- On Thursday, April 3rd, Saba Capital Management, L.P. acquired 33,476 shares of Ellsworth Growth and Income Fund stock. The stock was bought at an average price of $8.88 per share, for a total transaction of $297,266.88.
- On Tuesday, April 1st, Saba Capital Management, L.P. purchased 34,285 shares of Ellsworth Growth and Income Fund stock. The shares were acquired at an average price of $9.05 per share, for a total transaction of $310,279.25.
Ellsworth Growth and Income Fund Trading Up 0.3 %
Shares of NYSE:ECF traded up $0.03 during midday trading on Friday, reaching $9.46. 53,177 shares of the company's stock traded hands, compared to its average volume of 42,105. Ellsworth Growth and Income Fund Ltd. has a 1 year low of $7.94 and a 1 year high of $10.14. The company has a fifty day simple moving average of $9.05 and a two-hundred day simple moving average of $9.51.
Ellsworth Growth and Income Fund Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend was Monday, March 17th.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. K2 Principal Fund L.P. acquired a new stake in shares of Ellsworth Growth and Income Fund in the 4th quarter worth $147,000. Waverly Advisors LLC acquired a new position in Ellsworth Growth and Income Fund in the fourth quarter valued at approximately $430,000. Sanctuary Advisors LLC grew its position in Ellsworth Growth and Income Fund by 7.3% in the fourth quarter. Sanctuary Advisors LLC now owns 69,370 shares of the company's stock worth $698,000 after acquiring an additional 4,715 shares during the period. Capstone Investment Advisors LLC raised its position in Ellsworth Growth and Income Fund by 179.8% in the fourth quarter. Capstone Investment Advisors LLC now owns 79,774 shares of the company's stock valued at $773,000 after purchasing an additional 51,262 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Ellsworth Growth and Income Fund in the 4th quarter valued at $881,000. 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 Ltd. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets. The fund primarily invests in convertible securities. It invests in stocks of companies across market capitalizations.
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