Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Director Neal Zalenko Buys 1,000 Shares

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Director Neal Zalenko acquired 1,000 shares of the stock in a transaction dated Thursday, February 12th. The stock was acquired at an average price of $10.99 per share, for a total transaction of $10,990.00. Following the purchase, the director directly owned 22,617 shares in the company, valued at approximately $248,560.83. This trade represents a 4.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.

Eagle Capital Growth Fund Stock Up 3.2%

Shares of GRF stock opened at $11.09 on Friday. Eagle Capital Growth Fund, Inc. has a 12 month low of $8.86 and a 12 month high of $11.85. The company has a 50 day simple moving average of $10.85 and a two-hundred day simple moving average of $10.61.

Hedge Funds Weigh In On Eagle Capital Growth Fund

Several large investors have recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC boosted its position in shares of Eagle Capital Growth Fund by 166.0% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,421 shares of the company’s stock worth $25,000 after purchasing an additional 1,511 shares during the period. Basepoint Wealth LLC bought a new position in Eagle Capital Growth Fund in the 4th quarter worth $39,000. 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 worth $161,000 after buying an additional 3,264 shares in the last quarter. Matisse Capital increased its stake in 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 buying an additional 3,402 shares in the last quarter. Finally, Osaic Holdings Inc. raised 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 valued at $281,000 after acquiring 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.