Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF – Get Free Report) CEO Luke Sims purchased 2,560 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were purchased at an average cost of $9.99 per share, for a total transaction of $25,574.40. Following the completion of the purchase, the chief executive officer directly owned 297,827 shares of the company’s stock, valued at approximately $2,975,291.73. This represents a 0.87% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Eagle Capital Growth Fund Stock Down 0.4%
NYSEAMERICAN:GRF traded down $0.04 during trading hours on Thursday, hitting $10.28. 10,514 shares of the company were exchanged, compared to its average volume of 3,465. Eagle Capital Growth Fund, Inc. has a one year low of $9.60 and a one year high of $11.85. The company has a fifty day simple moving average of $10.30 and a 200 day simple moving average of $10.28.
Hedge Funds Weigh In On Eagle Capital Growth Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. boosted its holdings in Eagle Capital Growth Fund by 10.9% in the second quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock valued at $281,000 after acquiring an additional 2,839 shares during the last quarter. Mariner LLC raised its holdings in Eagle Capital Growth Fund by 7.8% during the 4th quarter. Mariner LLC now owns 20,074 shares of the company’s stock worth $215,000 after purchasing an additional 1,446 shares during the last quarter. Basepoint Wealth LLC acquired a new position in shares of Eagle Capital Growth Fund in the 4th quarter worth approximately $39,000. Blue Bell Private Wealth Management LLC lifted its position in shares of 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 purchasing an additional 1,559 shares during the period. Finally, Sigma Investment Counselors Inc. boosted its stake in shares of 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 valued at $232,000 after purchasing an additional 5,136 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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