Eagle Capital Growth Fund (NYSEAMERICAN:GRF) CFO David Sims Buys 10,000 Shares of Stock

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) CFO David Sims acquired 10,000 shares of the stock in a transaction on Friday, May 22nd. The stock was bought at an average price of $10.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the chief financial officer directly owned 220,032 shares of the company’s stock, valued at $2,200,320. This trade represents a 4.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Eagle Capital Growth Fund Stock Performance

Shares of GRF opened at $10.35 on Thursday. Eagle Capital Growth Fund, Inc. has a one year low of $9.50 and a one year 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.

Institutional Trading of Eagle Capital Growth Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Basepoint Wealth LLC purchased a new stake in Eagle Capital Growth Fund in the fourth quarter worth about $39,000. Blue Bell Private Wealth Management LLC lifted its holdings 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 worth $43,000 after buying an additional 1,559 shares during the period. Mariner LLC lifted its holdings in Eagle Capital Growth Fund by 7.8% in the fourth quarter. Mariner LLC now owns 20,074 shares of the company’s stock worth $215,000 after buying an additional 1,446 shares during the period. Sigma Investment Counselors Inc. lifted its holdings in Eagle Capital Growth Fund by 31.0% in 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 period. Finally, Osaic Holdings Inc. lifted its holdings in Eagle Capital Growth Fund by 10.9% in the second quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock worth $281,000 after buying an additional 2,839 shares during the period.

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.