Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Share Price Passes Above 50-Day Moving Average – What’s Next?
by Sarita Garza · The Markets DailyEagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF – Get Free Report)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.61 and traded as high as $10.84. Eagle Capital Growth Fund shares last traded at $10.82, with a volume of 3,778 shares trading hands.
Eagle Capital Growth Fund Price Performance
The company’s 50-day moving average price is $10.61 and its 200-day moving average price is $10.46.
Eagle Capital Growth Fund Dividend Announcement
The company also recently disclosed an annual dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 21st were issued a $0.85 dividend. This represents a yield of 842.0%. The ex-dividend date was Friday, November 21st.
Insider Buying and Selling
In other news, CFO David C. Sims bought 2,840 shares of Eagle Capital Growth Fund stock in a transaction on Thursday, October 16th. The stock was acquired at an average price of $10.73 per share, with a total value of $30,473.20. Following the completion of the acquisition, the chief financial officer directly owned 210,032 shares of the company’s stock, valued at $2,253,643.36. The trade was a 1.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders purchased 16,386 shares of company stock worth $173,126.
Institutional Trading of Eagle Capital Growth Fund
Hedge funds have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC lifted its position in Eagle Capital Growth Fund by 166.0% during the third 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. Osaic Holdings Inc. grew its holdings in Eagle Capital Growth Fund by 10.9% in the 2nd quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock valued at $281,000 after buying an additional 2,839 shares in the last quarter. Sigma Investment Counselors Inc. increased its stake in shares of 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 worth $161,000 after acquiring an additional 3,264 shares during the last quarter. Finally, Matisse Capital increased its stake in shares of Eagle Capital Growth Fund by 26.5% in the 3rd quarter. Matisse Capital now owns 16,262 shares of the company’s stock worth $171,000 after acquiring an additional 3,402 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.