Ellsworth Growth and Income Fund Ltd. (ECF)

FairStock Score: 61/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Ellsworth as a closed-end fund, not an operating business. It was launched by GAMCO and is managed by Gabelli Funds, investing primarily in convertible securities across market caps. On 2026-10-13 the shares closed at $12.00, with a market cap of $171.1 million. FairStock calculates a P/E of 3.80 and P/B of 0.96, so the price is low relative to earnings and just below book. The Graham Number is $32.36, implying a 62.92% margin of safety, and the dividend yield is 7.20%. Debt/equity is only 0.01, and ROE is 22.68%, which looks financially sturdy. Altman Z-Score is 76.28, though that measure is less meaningful for a fund. The concerns are important: Piotroski F-Score is 0/9, and FairStock assigns no Lynch category because there are only 0 years of filed results, needing 3. Revenue and profit growth are not provided. A closed-end convertible fund's true value depends on manager skill, cost control, and the discount or premium to net asset value. The 0.96 P/B suggests only a modest discount, not a huge one. The 7.20% yield is attractive, but I would want to see whether it is covered by income and gains. At $12.00, the numbers look cheap, but the lack of history and weak Piotroski score argue for caution. I would track NAV performance, distribution coverage, and rates.

In plain English: Ellsworth Growth and Income Fund is a closed-end fund that mainly buys convertible securities, managed by Gabelli. The fund has very little debt and a high dividend yield, but some quality checks are weak and there is not enough filed history to classify it. At $12.00, the price looks cheap against several simple value measures, though fund prices can be tricky to judge.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer