Short Interest in Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Decreases By 93.7%

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 12 shares, a decline of 93.7% from the April 30th total of 191 shares. Based on an average daily volume of 2,680 shares, the short-interest ratio is currently 0.0 days.

Insider Buying and Selling at Eagle Capital Growth Fund

In other Eagle Capital Growth Fund news, CFO David C. Sims acquired 10,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average cost of $10.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the chief financial officer directly owned 220,032 shares in the company, valued at $2,200,320. The trade was a 4.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Trading of Eagle Capital Growth Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Mariner LLC lifted its stake 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 acquiring an additional 1,446 shares during the period. Basepoint Wealth LLC purchased a new stake in Eagle Capital Growth Fund in the fourth quarter worth about $39,000. Blue Bell Private Wealth Management LLC lifted 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 worth $43,000 after acquiring an additional 1,559 shares during the period. Sigma Investment Counselors Inc. lifted its stake 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 acquiring an additional 5,136 shares during the period. Finally, Osaic Holdings Inc. raised its holdings 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 worth $281,000 after purchasing an additional 2,839 shares in the last quarter.

Eagle Capital Growth Fund Stock Up 2.6%

NYSEAMERICAN:GRF traded up $0.26 during mid-day trading on Wednesday, reaching $10.35. The company’s stock had a trading volume of 20,268 shares, compared to its average volume of 3,242. Eagle Capital Growth Fund has a 1 year low of $9.50 and a 1 year high of $11.85. The stock has a fifty day moving average of $10.19 and a 200-day moving average of $10.52.

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.