Ellsworth Growth and Income Fund Ltd (ECF) Stock Analysis
Verdict: WATCH (do not buy)
Saba Capital's activist accumulation at a 33.9% NAV discount highlights deep value, but broad convertible market weakness caps near-term catalysts.
Investment score: 60/100
Analysis as of
Is Ellsworth Growth and Income Fund Ltd stock worth reviewing? The TradeMates thesis
ECF trades at a steep 33.9% discount to book value (P/B 0.66x), attracting aggressive buying from activist Saba Capital. However, negative 90-day price momentum (-11.1%) keeps the setup in WATCH status until technical support holds above $10.71.
7-factor investment score
- Valuation: 75/100 (weight 20%)
- Financial Health: 65/100 (weight 15%)
- Technical Momentum: 40/100 (weight 15%)
- Earnings Quality: 50/100 (weight 15%)
- Insider Sentiment: 85/100 (weight 10%)
- Analyst Consensus: 50/100 (weight 10%)
- Risk-Adjusted Return: 55/100 (weight 15%)
Ellsworth Growth and Income Fund Ltd opportunities and risks
What speaks for ECF
- Persistent Activist Accumulation by Saba Capital
What speaks against ECF
- Macro Spreads & Convertible Market Headwinds
Frequently asked questions about Ellsworth Growth and Income Fund Ltd (ECF)
Is ECF stock a good investment?
The TradeMates model rates Ellsworth Growth and Income Fund Ltd as WATCH (do not buy) with an investment score of 60/100. ECF trades at a steep 33.9% discount to book value (P/B 0.66x), attracting aggressive buying from activist Saba Capital. However, negative 90-day price momentum (-11.1%) keeps the setup in WATCH status until technical support holds above $10.71. This is algorithmic model output, not personal investment advice.
Is ECF stock a buy?
The TradeMates model verdict for ECF is WATCH (do not buy) with an investment score of 60/100. Treat this as a model signal to review, not a personal buy recommendation.