Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Director Neal Zalenko Acquires 1,000 Shares

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Director Neal Zalenko acquired 1,000 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was acquired at an average price of $10.13 per share, with a total value of $10,130.00. Following the purchase, the director directly owned 16,838 shares in the company, valued at approximately $170,568.94. This represents a 6.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Eagle Capital Growth Fund Stock Performance

Shares of NYSEAMERICAN:GRF traded up $0.30 during trading on Friday, reaching $10.00. 268 shares of the company traded hands, compared to its average volume of 2,971. Eagle Capital Growth Fund, Inc. has a 52 week low of $8.85 and a 52 week high of $11.68. The company’s 50 day moving average is $10.60 and its two-hundred day moving average is $10.27.

Eagle Capital Growth Fund Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be given a dividend of $0.85 per share. This represents a yield of 842.0%. The ex-dividend date is Friday, November 21st.

Institutional Investors Weigh In On Eagle Capital Growth Fund

A number of institutional investors have recently added to or reduced their stakes in GRF. Blue Bell Private Wealth Management LLC increased its stake in shares of Eagle Capital Growth Fund by 166.0% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,421 shares of the company’s stock valued at $25,000 after buying an additional 1,511 shares during the period. Matisse Capital acquired a new stake in Eagle Capital Growth Fund during the 2nd quarter valued at approximately $127,000. Sigma Investment Counselors Inc. raised its holdings in Eagle Capital Growth Fund by 24.5% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 16,591 shares of the company’s stock worth $161,000 after purchasing an additional 3,264 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position 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 purchasing an additional 2,839 shares during the period.

About Eagle Capital Growth Fund

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.