Luke Sims Acquires 2,560 Shares of Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Stock

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) CEO Luke Sims bought 2,560 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were bought at an average cost of $9.99 per share, for a total transaction of $25,574.40. Following the completion of the purchase, the chief executive officer owned 297,827 shares of the company’s stock, valued at $2,975,291.73. This represents a 0.87% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Eagle Capital Growth Fund Stock Performance

Eagle Capital Growth Fund stock traded down $0.04 during midday trading on Thursday, reaching $10.28. The stock had a trading volume of 10,514 shares, compared to its average volume of 3,465. The company has a fifty day moving average price of $10.30 and a two-hundred day moving average price of $10.28. Eagle Capital Growth Fund, Inc. has a 12 month low of $9.60 and a 12 month high of $11.85.

Institutional Investors Weigh In On Eagle Capital Growth Fund

Several hedge funds and other institutional investors have recently modified their holdings of GRF. Mariner LLC raised its position 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 worth $215,000 after purchasing an additional 1,446 shares during the period. Blue Bell Private Wealth Management LLC grew its position in Eagle Capital Growth Fund by 64.4% in the 4th 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 during the period. Osaic Holdings Inc. increased its stake 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 valued at $281,000 after purchasing an additional 2,839 shares in the last quarter. Basepoint Wealth LLC bought a new stake in Eagle Capital Growth Fund during the 4th quarter valued at $39,000. Finally, Sigma Investment Counselors Inc. raised its holdings 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 worth $232,000 after buying an additional 5,136 shares during 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.