Eagle Capital Growth Fund (NYSEAMERICAN:GRF) CFO David Sims Purchases 10,000 Shares

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) CFO David Sims purchased 10,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost of $10.00 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the chief financial officer owned 220,032 shares in the company, valued at $2,200,320. This represents a 4.76% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Eagle Capital Growth Fund Stock Up 2.6%

NYSEAMERICAN GRF traded up $0.26 during trading hours 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. The firm’s 50-day moving average price is $10.19 and its 200-day moving average price is $10.52. Eagle Capital Growth Fund, Inc. has a 1 year low of $9.50 and a 1 year high of $11.85.

Institutional Trading of Eagle Capital Growth Fund

Hedge funds have recently modified their holdings of the company. Basepoint Wealth LLC purchased a new stake in shares of Eagle Capital Growth Fund during the 4th quarter worth approximately $39,000. Blue Bell Private Wealth Management LLC raised its holdings in shares of 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 worth $43,000 after acquiring an additional 1,559 shares in the last quarter. Mariner LLC raised its holdings 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 worth $215,000 after acquiring an additional 1,446 shares in the last quarter. Sigma Investment Counselors Inc. raised its holdings in shares of Eagle Capital Growth Fund by 31.0% during the 4th 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 in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of Eagle Capital Growth Fund by 10.9% during the 2nd quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock worth $281,000 after acquiring an additional 2,839 shares in the last quarter.

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.