Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Stock Passes Below 200-Day Moving Average – Should You Sell?

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.28 and traded as low as $9.73. Eagle Capital Growth Fund shares last traded at $10.13, with a volume of 26,758 shares changing hands.

Eagle Capital Growth Fund Stock Down 0.4%

The firm has a fifty day moving average price of $10.30 and a 200 day moving average price of $10.28.

Insider Activity at Eagle Capital Growth Fund

In other Eagle Capital Growth Fund news, CEO Luke E. Sims bought 2,560 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were bought at an average price of $9.99 per share, for a total transaction of $25,574.40. Following the completion of the acquisition, the chief executive officer owned 297,827 shares of the company’s stock, valued at approximately $2,975,291.73. This trade represents a 0.87% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mariner LLC increased its position in Eagle Capital Growth Fund by 7.8% in 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 in the last quarter. Basepoint Wealth LLC acquired a new position in shares of Eagle Capital Growth Fund during the fourth quarter worth approximately $39,000. Osaic Holdings Inc. grew its stake 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 valued at $281,000 after purchasing an additional 2,839 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its stake in shares of Eagle Capital Growth Fund by 64.4% during the fourth 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 last quarter. Finally, Sigma Investment Counselors Inc. increased its holdings in shares of Eagle Capital Growth Fund by 31.0% in the fourth 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 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.