Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.47 and traded as low as $10.00. Eagle Capital Growth Fund shares last traded at $10.00, with a volume of 431 shares trading hands.

Eagle Capital Growth Fund Stock Performance

The company has a 50 day moving average price of $10.07 and a 200 day moving average price of $10.47.

Insider Buying and Selling

In related news, CFO David C. Sims acquired 10,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of $10.00 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the chief financial officer directly owned 220,032 shares in the company, valued at approximately $2,200,320. This trade represents a 4.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GRF. Osaic Holdings Inc. boosted its holdings in shares of Eagle Capital Growth Fund by 10.9% during the second 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 period. Sigma Investment Counselors Inc. lifted its holdings in Eagle Capital Growth Fund by 31.0% during 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 during the last quarter. Mariner LLC lifted 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. Blue Bell Private Wealth Management LLC boosted 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 valued at $43,000 after purchasing an additional 1,559 shares during the period. Finally, Basepoint Wealth LLC bought a new stake in Eagle Capital Growth Fund in the 4th quarter valued at $39,000.

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.