Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.50 and traded as low as $10.00. Eagle Capital Growth Fund shares last traded at $10.00, with a volume of 4,424 shares trading hands.

Eagle Capital Growth Fund Stock Performance

The business has a 50-day moving average price of $10.13 and a two-hundred day moving average price of $10.49.

Insider Buying and Selling

In other news, CFO David C. Sims acquired 10,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average cost of $10.00 per share, with a total value of $100,000.00. Following the acquisition, the chief financial officer owned 220,032 shares of the company’s stock, valued at $2,200,320. This trade represents a 4.76% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Blue Bell Private Wealth Management LLC raised its stake in shares of Eagle Capital Growth Fund by 64.4% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 3,980 shares of the company’s stock worth $43,000 after buying an additional 1,559 shares during the last quarter. Basepoint Wealth LLC acquired a new position in Eagle Capital Growth Fund in the fourth quarter valued at approximately $39,000. Mariner LLC boosted its stake in Eagle Capital Growth Fund by 7.8% in the fourth quarter. Mariner LLC now owns 20,074 shares of the company’s stock valued at $215,000 after acquiring an additional 1,446 shares during the last quarter. Osaic Holdings Inc. boosted its stake in Eagle Capital Growth Fund by 10.9% in 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 last quarter. Finally, Sigma Investment Counselors Inc. grew its holdings in Eagle Capital Growth Fund by 31.0% during the 4th quarter. Sigma Investment Counselors Inc. now owns 21,727 shares of the company’s stock worth $232,000 after acquiring an additional 5,136 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.