Key Points
- CEO insider buying: Eagle Capital Growth Fund CEO Luke Sims purchased 2,560 shares at an average price of $9.99, investing $25,574.40. His holdings rose 0.87% to 297,827 shares.
- Share performance: GRF opened at $10.28, with a 52-week range of $9.60 to $11.85. Its 50-day and 200-day moving averages were $10.31 and $10.27, respectively.
- Institutional interest: Several institutional investors increased their positions, including Blue Bell Private Wealth Management, which boosted its stake by 64.4%, and Sigma Investment Counselors, which increased holdings by 31.0%.
Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF - Get Free Report) CEO Luke Sims acquired 2,560 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was purchased at an average price of $9.99 per share, with a total value of $25,574.40. Following the completion of the transaction, the chief executive officer owned 297,827 shares of the company's stock, valued at approximately $2,975,291.73. This trade represents a 0.87% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Eagle Capital Growth Fund Price Performance
Shares of NYSEAMERICAN:GRF opened at $10.28 on Friday. Eagle Capital Growth Fund, Inc. has a 1-year low of $9.60 and a 1-year high of $11.85. The business has a 50-day moving average price of $10.31 and a two-hundred day moving average price of $10.27.
Institutional Investors Weigh In On Eagle Capital Growth Fund
A number of institutional investors and hedge funds have recently modified their holdings of GRF. Basepoint Wealth LLC bought a new stake in shares of Eagle Capital Growth Fund during the fourth quarter worth approximately $39,000. Blue Bell Private Wealth Management LLC boosted 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 valued at $43,000 after acquiring an additional 1,559 shares during the last quarter. Mariner LLC boosted 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 valued at $215,000 after acquiring an additional 1,446 shares during the last quarter. Sigma Investment Counselors Inc. grew its holdings in 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 during the period. Finally, Osaic Holdings Inc. grew its holdings in 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 during the period.
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.
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