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

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.38 and traded as low as $10.36. Eagle Capital Growth Fund shares last traded at $10.38, with a volume of 935 shares changing hands.

Eagle Capital Growth Fund Price Performance

The company has a 50 day simple moving average of $10.09 and a 200-day simple moving average of $10.38.

Insider Buying and Selling at Eagle Capital Growth Fund

In other news, CFO David C. Sims acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average price of $10.00 per share, with a total value of $100,000.00. Following the acquisition, the chief financial officer owned 220,032 shares in the company, 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 accessible through the SEC website.

Institutional Investors Weigh In On Eagle Capital Growth Fund

Several institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its position 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 purchasing an additional 2,839 shares during the period. Sigma Investment Counselors Inc. raised its position in shares of Eagle Capital Growth Fund by 31.0% in the fourth quarter. Sigma Investment Counselors Inc. now owns 21,727 shares of the company’s stock valued at $232,000 after purchasing an additional 5,136 shares during the period. Blue Bell Private Wealth Management LLC raised its position in shares of Eagle Capital Growth Fund by 64.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 3,980 shares of the company’s stock valued at $43,000 after purchasing an additional 1,559 shares during the period. Basepoint Wealth LLC purchased a new stake in shares of Eagle Capital Growth Fund during the 4th quarter valued at approximately $39,000. Finally, Mariner LLC lifted its stake in shares of Eagle Capital Growth Fund by 7.8% during the 4th quarter. Mariner LLC now owns 20,074 shares of the company’s stock valued at $215,000 after buying an additional 1,446 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.