David Sims Purchases 2,840 Shares of Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Stock

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) CFO David Sims bought 2,840 shares of Eagle Capital Growth Fund stock in a transaction on Thursday, October 16th. The shares were purchased at an average cost of $10.73 per share, with a total value of $30,473.20. Following the completion of the purchase, the chief financial officer directly owned 210,032 shares in the company, valued at $2,253,643.36. This trade represents a 1.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Eagle Capital Growth Fund Price Performance

Eagle Capital Growth Fund stock opened at $11.11 on Friday. The firm has a 50-day moving average price of $10.53 and a two-hundred day moving average price of $10.06. Eagle Capital Growth Fund, Inc. has a 52-week low of $8.85 and a 52-week high of $11.68.

Eagle Capital Growth Fund Announces Dividend

The business also recently declared an annual dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 21st will be paid a $0.85 dividend. This represents a dividend yield of 805.0%. The ex-dividend date of this dividend is Friday, November 21st.

Institutional Trading of Eagle Capital Growth Fund

A number of institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. lifted its stake in shares of 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 period. Sigma Investment Counselors Inc. lifted its stake in shares of Eagle Capital Growth Fund by 24.5% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 16,591 shares of the company’s stock worth $161,000 after acquiring an additional 3,264 shares during the period. Finally, Matisse Capital acquired a new stake in shares of Eagle Capital Growth Fund in the 2nd quarter worth approximately $127,000.

Eagle Capital Growth Fund Company Profile

Eagle Capital Growth Fund, Inc is a closed-end equity mutual fund launched and managed by Sims Capital Management LLC. The fund invests in the public equity markets of the United States. It makes its investments in the stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the S&P 500 Index.