Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF – Get Free Report) CFO David Sims bought 10,000 shares of Eagle Capital Growth Fund stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average price of $10.00 per share, with a total value of $100,000.00. Following the purchase, the chief financial officer directly owned 220,032 shares in the company, valued at $2,200,320. The trade was a 4.76% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Eagle Capital Growth Fund Stock Performance
Shares of GRF stock opened at $10.01 on Friday. The business has a fifty day moving average of $10.18 and a 200 day moving average of $10.52. Eagle Capital Growth Fund, Inc. has a 1 year low of $9.50 and a 1 year high of $11.85.
Hedge Funds Weigh In On Eagle Capital Growth Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mariner LLC raised its stake in Eagle Capital Growth Fund by 7.8% in the 4th quarter. Mariner LLC now owns 20,074 shares of the company’s stock worth $215,000 after acquiring an additional 1,446 shares during the last quarter. Basepoint Wealth LLC purchased a new position in Eagle Capital Growth Fund in the 4th quarter worth $39,000. Blue Bell Private Wealth Management LLC raised its stake in Eagle Capital Growth Fund by 64.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 3,980 shares of the company’s stock worth $43,000 after acquiring an additional 1,559 shares during the last quarter. Sigma Investment Counselors Inc. raised its stake in Eagle Capital Growth Fund by 31.0% in the 4th quarter. Sigma Investment Counselors Inc. now owns 21,727 shares of the company’s stock worth $232,000 after acquiring an additional 5,136 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in Eagle Capital Growth Fund by 10.9% in the 2nd quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock worth $281,000 after acquiring an additional 2,839 shares during the last quarter.
About Eagle Capital Growth Fund
Eagle Capital Growth Fund Inc (NYSE American: GRF) is a diversified, closed-end management investment company that seeks long-term capital growth by investing primarily in equity securities of U.S. and foreign issuers. Launched in December 2012, the fund follows a value-oriented investment approach, targeting companies with durable competitive advantages, solid cash flows and attractive valuation metrics.
Advised by Eagle Capital Management LLC, a Boston-based investment firm specializing in fundamental, bottom-up research, the fund’s portfolio includes publicly traded common stocks and, when appropriate, convertible securities.
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