Eagle Capital Growth Fund (NYSEAMERICAN:GRF) CEO Acquires $25,574.40 in Stock

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) CEO Luke Sims purchased 2,560 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was purchased at an average price of $9.99 per share, for a total transaction of $25,574.40. Following the acquisition, the chief executive officer owned 297,827 shares of the company’s stock, valued at approximately $2,975,291.73. This represents a 0.87% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Eagle Capital Growth Fund Stock Down 0.6%

Eagle Capital Growth Fund stock opened at $10.22 on Friday. Eagle Capital Growth Fund, Inc. has a 1-year low of $9.60 and a 1-year high of $11.85. The firm’s fifty day moving average price is $10.31 and its two-hundred day moving average price is $10.27.

Hedge Funds Weigh In On Eagle Capital Growth Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sigma Investment Counselors Inc. increased its holdings in 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 last quarter. Basepoint Wealth LLC purchased a new position in Eagle Capital Growth Fund in the fourth quarter valued at about $39,000. Osaic Holdings Inc. boosted its stake in Eagle Capital Growth Fund by 10.9% in the second quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock valued at $281,000 after acquiring an additional 2,839 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in Eagle Capital Growth Fund by 64.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 3,980 shares of the company’s stock valued at $43,000 after acquiring an additional 1,559 shares during the last quarter. Finally, Mariner LLC grew its position in shares of Eagle Capital Growth Fund by 7.8% during 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 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.