Neal Zalenko Acquires 1,000 Shares of Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Stock

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Director Neal Zalenko acquired 1,000 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were bought at an average price of $10.80 per share, for a total transaction of $10,800.00. Following the acquisition, the director directly owned 15,327 shares of the company’s stock, valued at approximately $165,531.60. This trade represents a 6.98% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Eagle Capital Growth Fund Price Performance

Eagle Capital Growth Fund stock remained flat at $10.64 during midday trading on Wednesday. The company had a trading volume of 5,355 shares, compared to its average volume of 2,941. The business has a 50 day moving average price of $10.66 and a two-hundred day moving average price of $10.25. Eagle Capital Growth Fund, Inc. has a twelve month low of $8.85 and a twelve month high of $11.68.

Eagle Capital Growth Fund Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 21st will be issued a $0.85 dividend. This represents a dividend yield of 805.0%. The ex-dividend date is Friday, November 21st.

Hedge Funds Weigh In On Eagle Capital Growth Fund

Several large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. boosted its holdings in Eagle Capital Growth Fund by 10.9% during the second quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock worth $281,000 after purchasing an additional 2,839 shares during the last quarter. Sigma Investment Counselors Inc. increased its stake in Eagle Capital Growth Fund by 24.5% in the 2nd 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 last quarter. Matisse Capital lifted its position in shares of Eagle Capital Growth Fund by 26.5% during 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, Blue Bell Private Wealth Management LLC lifted its position in shares of 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 buying an additional 1,511 shares in the last quarter.

Eagle Capital Growth Fund Company Profile

Eagle Capital Growth Fund, Inc is a closed-end equity mutual fund launched and managed by Sims Capital Management LLC. The fund invests in the public equity markets of the United States. It makes its investments in the stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the S&P 500 Index.