Eagle Capital Growth Fund (NYSEAMERICAN:GRF) CFO Purchases $100,000.00 in Stock

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) CFO David Sims acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average price of $10.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the chief financial officer owned 220,032 shares in the company, valued at $2,200,320. This trade represents a 4.76% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Eagle Capital Growth Fund Trading Up 2.6%

Shares of NYSEAMERICAN:GRF traded up $0.26 during mid-day trading on Wednesday, reaching $10.35. 20,268 shares of the company traded hands, compared to its average volume of 3,242. The company’s 50 day moving average price is $10.19 and its 200-day moving average price is $10.52. Eagle Capital Growth Fund, Inc. has a 52 week low of $9.50 and a 52 week high of $11.85.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Mariner LLC grew its stake in shares of Eagle Capital Growth Fund by 7.8% during the 4th quarter. Mariner LLC now owns 20,074 shares of the company’s stock valued at $215,000 after acquiring an additional 1,446 shares during the period. Basepoint Wealth LLC purchased a new position in Eagle Capital Growth Fund in the 4th quarter worth approximately $39,000. Blue Bell Private Wealth Management LLC lifted its holdings 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 purchasing an additional 1,559 shares in the last quarter. Sigma Investment Counselors Inc. lifted its holdings 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 purchasing an additional 5,136 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings 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 purchasing an additional 2,839 shares in the last quarter.

Eagle Capital Growth Fund Company Profile

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.