Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF)’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 changing hands.

Eagle Capital Growth Fund Stock Performance

The firm has a 50 day moving average price of $10.61 and a 200-day moving average price of $10.45.

Eagle Capital Growth Fund Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 21st were given a dividend of $0.85 per share. The ex-dividend date was Friday, November 21st. This represents a yield of 842.0%.

Insider Activity

In other Eagle Capital Growth Fund news, CFO David C. Sims purchased 2,840 shares of the stock in a transaction dated Thursday, October 16th. The shares were acquired at an average cost of $10.73 per share, for a total transaction of $30,473.20. Following the completion of the transaction, the chief financial officer directly owned 210,032 shares of the company’s stock, valued at $2,253,643.36. This trade represents a 1.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have bought a total of 16,386 shares of company stock valued at $173,126 over the last quarter.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Matisse Capital lifted 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 valued at $171,000 after buying an additional 3,402 shares in the last quarter. Blue Bell Private Wealth Management LLC increased 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. raised its holdings in shares of Eagle Capital Growth Fund by 10.9% in 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. Finally, Sigma Investment Counselors Inc. lifted its position in shares of Eagle Capital Growth Fund by 24.5% in 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 in 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.