Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.33 and traded as low as $10.25. Eagle Capital Growth Fund shares last traded at $10.30, with a volume of 545 shares traded.

Eagle Capital Growth Fund Stock Performance

The business has a 50-day moving average price of $10.21 and a 200-day moving average price of $10.32.

Insider Activity

In other Eagle Capital Growth Fund news, CFO David C. Sims purchased 10,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average cost of $10.00 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the chief financial officer owned 220,032 shares of the company’s stock, valued at $2,200,320. The trade was a 4.76% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On Eagle Capital Growth Fund

Several institutional investors and hedge funds have recently bought and sold shares of GRF. Osaic Holdings Inc. increased its stake 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 worth $281,000 after acquiring an additional 2,839 shares during the last quarter. Sigma Investment Counselors Inc. boosted its position in shares of Eagle Capital Growth Fund by 31.0% during 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. Blue Bell Private Wealth Management LLC boosted its holdings in Eagle Capital Growth Fund by 64.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 3,980 shares of the company’s stock valued at $43,000 after acquiring an additional 1,559 shares during the period. Basepoint Wealth LLC acquired a new stake in shares of Eagle Capital Growth Fund during the fourth quarter worth about $39,000. Finally, Mariner LLC increased its stake in Eagle Capital Growth Fund by 7.8% during the 4th 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.

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.