Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Director Buys $10,650.00 in Stock

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Director Neal Zalenko acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of $10.65 per share, for a total transaction of $10,650.00. Following the acquisition, the director owned 14,327 shares in the company, valued at approximately $152,582.55. This trade represents a 7.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Eagle Capital Growth Fund Price Performance

NYSEAMERICAN GRF traded up $0.08 on Wednesday, hitting $10.79. The stock had a trading volume of 2,959 shares, compared to its average volume of 2,897. The company’s 50-day moving average is $10.65 and its two-hundred day moving average is $10.22. Eagle Capital Growth Fund, Inc. has a one year low of $8.85 and a one year high of $11.68.

Eagle Capital Growth Fund Announces Dividend

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 given a $0.85 dividend. This represents a yield of 805.0%. The ex-dividend date is Friday, November 21st.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC increased its holdings in shares of 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 valued at $25,000 after purchasing an additional 1,511 shares during the period. Matisse Capital bought a new position in Eagle Capital Growth Fund in the 2nd quarter valued at about $127,000. Sigma Investment Counselors Inc. increased its stake in Eagle Capital Growth Fund by 24.5% during 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 period. Finally, Osaic Holdings Inc. raised its position in shares of Eagle Capital Growth Fund by 10.9% during the 2nd quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock worth $281,000 after buying an additional 2,839 shares in the last quarter.

About Eagle Capital Growth Fund

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.