Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Up 9,091.4% in December

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 14,982 shares, an increase of 9,091.4% from the November 30th total of 163 shares. Based on an average daily volume of 14,383 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 14,383 shares, the short-interest ratio is currently 1.0 days.

Insider Transactions at Eagle Capital Growth Fund

In other news, CFO David C. Sims bought 2,840 shares of the stock in a transaction on Thursday, October 16th. The shares were purchased at an average cost of $10.73 per share, for a total transaction of $30,473.20. Following the completion of the purchase, the chief financial officer directly owned 210,032 shares in the company, valued at $2,253,643.36. This represents a 1.37% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired 16,386 shares of company stock valued at $173,126 over the last three months.

Hedge Funds Weigh In On Eagle Capital Growth Fund

Hedge funds have recently made changes to their positions in the stock. Blue Bell Private Wealth Management LLC lifted its holdings in Eagle Capital Growth Fund by 166.0% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,421 shares of the company’s stock worth $25,000 after purchasing an additional 1,511 shares in the last quarter. Matisse Capital purchased a new position in Eagle Capital Growth Fund during the 2nd quarter valued at about $127,000. Sigma Investment Counselors Inc. increased its position in shares of Eagle Capital Growth Fund by 24.5% during the second quarter. Sigma Investment Counselors Inc. now owns 16,591 shares of the company’s stock valued at $161,000 after buying an additional 3,264 shares during the period. Finally, Osaic Holdings Inc. lifted 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 worth $281,000 after buying an additional 2,839 shares in the last quarter.

Eagle Capital Growth Fund Price Performance

NYSEAMERICAN:GRF remained flat at $10.72 on Wednesday. 425 shares of the company’s stock were exchanged, compared to its average volume of 3,724. The company has a 50 day moving average of $10.61 and a two-hundred day moving average of $10.38. Eagle Capital Growth Fund has a 12-month low of $8.86 and a 12-month high of $11.85.

Eagle Capital Growth Fund Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 21st were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a yield of 842.0%.

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.