Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.47 and traded as low as $10.01. Eagle Capital Growth Fund shares last traded at $10.0910, with a volume of 360 shares traded.

Eagle Capital Growth Fund Price Performance

The company’s 50-day moving average is $10.08 and its two-hundred day moving average is $10.47.

Insider Buying and Selling at Eagle Capital Growth Fund

In related news, CFO David C. Sims bought 10,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were bought at an average price of $10.00 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the chief financial officer directly owned 220,032 shares of the company’s stock, valued at $2,200,320. This trade represents a 4.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Investors Weigh In On Eagle Capital Growth Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in GRF. Basepoint Wealth LLC purchased a new position in shares of Eagle Capital Growth Fund in the 4th quarter worth approximately $39,000. Blue Bell Private Wealth Management LLC increased its position 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 valued at $43,000 after acquiring an additional 1,559 shares during the last quarter. Mariner LLC increased its position in shares of Eagle Capital Growth Fund by 7.8% during 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. Sigma Investment Counselors Inc. lifted its holdings in 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 acquiring an additional 5,136 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings 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 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.