Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.38 and traded as low as $10.36. Eagle Capital Growth Fund shares last traded at $10.38, with a volume of 935 shares.

Eagle Capital Growth Fund Trading Up 1.9%

The stock’s 50 day simple moving average is $10.09 and its two-hundred day simple moving average is $10.38.

Insiders Place Their Bets

In related news, CFO David C. Sims acquired 10,000 shares of the stock in a transaction on Friday, May 22nd. The stock was acquired at an average price of $10.00 per share, for a total transaction 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 represents a 4.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hedge Funds Weigh In On Eagle Capital Growth Fund

Several institutional investors and hedge funds have recently modified their holdings of GRF. Basepoint Wealth LLC purchased a new position in shares of Eagle Capital Growth Fund in the 4th quarter worth about $39,000. Blue Bell Private Wealth Management LLC increased its stake in Eagle Capital Growth Fund by 64.4% during 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 in the last quarter. Mariner LLC raised its holdings in Eagle Capital Growth Fund by 7.8% in 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 last quarter. Sigma Investment Counselors Inc. raised its holdings in 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 worth $232,000 after buying an additional 5,136 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of Eagle Capital Growth Fund by 10.9% in 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 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.