Key Points
- Neal Zalenko, a director, bought 1,000 shares of Eagle Capital Growth Fund on Feb. 12 at an average price of $10.99 (total $10,990), raising his holdings to 22,617 shares — a 4.63% increase in his stake.
- Multiple institutional investors and hedge funds (including Sigma Investment Counselors, Blue Bell Private Wealth, Matisse Capital and Osaic) have recently increased their positions in GRF, indicating institutional accumulation.
- GRF opened at $11.09 the next trading day, near its 50‑day and 200‑day moving averages of $10.85 and $10.61, and trades within a one‑year range of $8.86–$11.85.
Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF - Get Free Report) Director Neal Zalenko purchased 1,000 shares of the company's stock in a transaction on Thursday, February 12th. The stock was acquired at an average price of $10.99 per share, with a total value of $10,990.00. Following the completion of the purchase, the director directly owned 22,617 shares in the company, valued at $248,560.83. This trade represents a 4.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Eagle Capital Growth Fund Price Performance
GRF stock opened at $11.09 on Friday. The company's fifty day moving average price is $10.85 and its 200-day moving average price is $10.61. Eagle Capital Growth Fund, Inc. has a one year low of $8.86 and a one year high of $11.85.
Institutional Trading of Eagle Capital Growth Fund
Several hedge funds have recently modified their holdings of GRF. Basepoint Wealth LLC bought a new position in shares of Eagle Capital Growth Fund during the 4th quarter valued at approximately $39,000. Blue Bell Private Wealth Management LLC raised its stake 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 valued at $43,000 after purchasing an additional 1,559 shares in the last quarter. Sigma Investment Counselors Inc. lifted its position 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 valued at $232,000 after purchasing an additional 5,136 shares during the last quarter. Matisse Capital grew its stake in shares of Eagle Capital Growth Fund by 26.5% in the 3rd quarter. Matisse Capital now owns 16,262 shares of the company's stock worth $171,000 after buying an additional 3,402 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Eagle Capital Growth Fund by 10.9% in the 2nd 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 Company Profile
(
Get Free Report)
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.
Further Reading
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