Neal Zalenko Buys 1,400 Shares of Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Stock

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Director Neal Zalenko acquired 1,400 shares of Eagle Capital Growth Fund stock in a transaction that occurred on Tuesday, February 10th. The shares were purchased at an average cost of $11.09 per share, for a total transaction of $15,526.00. Following the purchase, the director directly owned 21,617 shares of the company’s stock, valued at approximately $239,732.53. This trade represents a 6.92% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Eagle Capital Growth Fund Stock Down 2.4%

GRF stock opened at $10.82 on Friday. The company has a 50 day moving average price of $10.86 and a two-hundred day moving average price of $10.62. Eagle Capital Growth Fund, Inc. has a one year low of $8.86 and a one year high of $11.85.

Hedge Funds Weigh In On Eagle Capital Growth Fund

Several large investors have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC grew its holdings in Eagle Capital Growth Fund by 166.0% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,421 shares of the company’s stock valued at $25,000 after buying an additional 1,511 shares during the period. Osaic Holdings Inc. boosted its position 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. Sigma Investment Counselors Inc. grew its holdings in 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 purchasing an additional 3,264 shares during the period. Matisse Capital increased its position in Eagle Capital Growth Fund by 26.5% during the third quarter. Matisse Capital now owns 16,262 shares of the company’s stock worth $171,000 after purchasing an additional 3,402 shares during the last quarter. Finally, Basepoint Wealth LLC purchased a new position in Eagle Capital Growth Fund during the fourth quarter worth approximately $39,000.

Eagle Capital Growth Fund Company Profile

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.