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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Director Neal Zalenko acquired 1,000 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was acquired at an average price of $10.80 per share, with a total value of $10,800.00. Following the purchase, the director owned 15,327 shares in the company, valued at approximately $165,531.60. This represents a 6.98% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Eagle Capital Growth Fund Price Performance

Shares of Eagle Capital Growth Fund stock traded up $0.20 during trading on Thursday, hitting $10.84. 2,804 shares of the company’s stock traded hands, compared to its average volume of 2,939. The firm’s fifty day moving average price is $10.66 and its 200 day moving average price is $10.26. Eagle Capital Growth Fund, Inc. has a twelve month low of $8.85 and a twelve month high of $11.68.

Eagle Capital Growth Fund Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.85 per share. This represents a yield of 805.0%. The ex-dividend date of this dividend is Friday, November 21st.

Hedge Funds Weigh In On Eagle Capital Growth Fund

A number of hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. lifted 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 during the period. Sigma Investment Counselors Inc. lifted its holdings in shares of Eagle Capital Growth Fund by 24.5% during the second quarter. Sigma Investment Counselors Inc. now owns 16,591 shares of the company’s stock valued at $161,000 after acquiring an additional 3,264 shares during the period. Matisse Capital boosted 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 valued at $171,000 after purchasing an additional 3,402 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its holdings in shares of Eagle Capital Growth Fund by 166.0% in the 3rd 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 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.