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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) CFO David Sims bought 10,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was 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 of the company’s stock, valued at $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 can be accessed through the SEC website.

Eagle Capital Growth Fund Stock Performance

Shares of GRF stock opened at $10.16 on Friday. The business has a 50 day moving average of $10.17 and a two-hundred day moving average of $10.52. Eagle Capital Growth Fund, Inc. has a 52 week low of $9.50 and a 52 week high of $11.85.

Hedge Funds Weigh In On Eagle Capital Growth Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Basepoint Wealth LLC acquired a new position in shares of Eagle Capital Growth Fund during the fourth quarter worth approximately $39,000. Blue Bell Private Wealth Management LLC boosted its position 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 worth $43,000 after buying an additional 1,559 shares during the period. Mariner LLC boosted its position in shares of Eagle Capital Growth Fund by 7.8% during the fourth quarter. Mariner LLC now owns 20,074 shares of the company’s stock worth $215,000 after buying an additional 1,446 shares during the period. Sigma Investment Counselors Inc. boosted its position in shares of Eagle Capital Growth Fund by 31.0% during the fourth quarter. Sigma Investment Counselors Inc. now owns 21,727 shares of the company’s stock worth $232,000 after buying an additional 5,136 shares during the period. Finally, Osaic Holdings Inc. boosted its position 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 buying an additional 2,839 shares during the period.

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.