Key Points
- CFO David Sims bought 10,000 shares of Eagle Capital Growth Fund at $10.00 per share, for a total purchase of $100,000.
- After the transaction, Sims owned 220,032 shares worth about $2.2 million, representing a 4.76% increase in his position.
- The stock was trading up 2.6% to $10.35, while institutional investors such as Sigma Investment Counselors and Osaic Holdings also recently increased their stakes.
Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF - Get Free Report) CFO David Sims bought 10,000 shares of the firm's stock in a transaction on Friday, May 22nd. The shares were acquired at an average cost of $10.00 per share, with a total value of $100,000.00. Following the purchase, the chief financial officer directly owned 220,032 shares of the company's stock, valued at approximately $2,200,320. This represents a 4.76% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Eagle Capital Growth Fund Stock Up 2.6%
Shares of NYSEAMERICAN GRF opened at $10.35 on Thursday. Eagle Capital Growth Fund, Inc. has a fifty-two week low of $9.50 and a fifty-two week high of $11.85. The company has a 50 day simple moving average of $10.19 and a two-hundred day simple moving average of $10.52.
Hedge Funds 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. increased its stake in shares of 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 in the last quarter. Basepoint Wealth LLC bought a new position in shares of Eagle Capital Growth Fund during the fourth quarter valued at approximately $39,000. Osaic Holdings Inc. increased its stake in shares of Eagle Capital Growth Fund by 10.9% during the second quarter. Osaic Holdings Inc. now owns 28,862 shares of the company's stock valued at $281,000 after purchasing an additional 2,839 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its stake in shares of 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. Finally, Mariner LLC increased its stake in shares of Eagle Capital Growth Fund by 7.8% during the fourth quarter. Mariner LLC now owns 20,074 shares of the company's stock valued at $215,000 after purchasing an additional 1,446 shares in the last quarter.
About Eagle Capital Growth Fund
(
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.
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