Insider Buying: Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Director Buys $10,990.00 in Stock

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Director Neal Zalenko bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was purchased at an average price of $10.99 per share, for a total transaction of $10,990.00. Following the acquisition, the director owned 22,617 shares of the company’s stock, valued at $248,560.83. This trade represents a 4.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Eagle Capital Growth Fund Trading Down 2.4%

Shares of Eagle Capital Growth Fund stock opened at $10.82 on Friday. The business has a 50-day moving average price of $10.86 and a two-hundred day moving average price of $10.62. Eagle Capital Growth Fund, Inc. has a 1-year low of $8.86 and a 1-year high of $11.85.

Institutional Investors Weigh In On Eagle Capital Growth Fund

A number of institutional investors and hedge funds have recently made changes to their positions in GRF. Sigma Investment Counselors Inc. lifted its stake 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 valued at $161,000 after acquiring an additional 3,264 shares in the last quarter. Osaic Holdings Inc. grew its holdings 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 valued at $281,000 after acquiring an additional 2,839 shares in the last quarter. Basepoint Wealth LLC purchased a new stake in shares of Eagle Capital Growth Fund during the fourth quarter valued at approximately $39,000. Blue Bell Private Wealth Management LLC lifted its holdings in 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 acquiring an additional 1,559 shares during the period. Finally, Matisse Capital lifted its holdings in Eagle Capital Growth Fund by 26.5% during the third quarter. Matisse Capital now owns 16,262 shares of the company’s stock worth $171,000 after acquiring an additional 3,402 shares during the period.

About Eagle Capital Growth Fund

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.