Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.00 and traded as high as $10.00. Eagle Capital Growth Fund shares last traded at $10.00, with a volume of 244 shares traded.

Eagle Capital Growth Fund Trading Down 1.1 %

Eagle Capital Growth Fund Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 29th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a yield of 0.7%.

Insider Transactions at Eagle Capital Growth Fund

In other news, CFO David C. Sims purchased 4,069 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were bought at an average price of $9.75 per share, for a total transaction of $39,672.75. Following the purchase, the chief financial officer now directly owns 191,673 shares in the company, valued at approximately $1,868,811.75. This trade represents a 2.17 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Luke E. Sims acquired 6,000 shares of Eagle Capital Growth Fund stock in a transaction on Wednesday, December 4th. The shares were purchased at an average price of $9.74 per share, with a total value of $58,440.00. Following the completion of the purchase, the chief executive officer now owns 283,285 shares in the company, valued at $2,759,195.90. This represents a 2.16 % increase in their position. The disclosure for this purchase can be found here.

Institutional Investors Weigh In On Eagle Capital Growth Fund

An institutional investor recently raised its position in Eagle Capital Growth Fund stock. Wolverine Asset Management LLC grew its position in shares of Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) by 91.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,524 shares of the company’s stock after buying an additional 2,163 shares during the quarter. Wolverine Asset Management LLC’s holdings in Eagle Capital Growth Fund were worth $45,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Eagle Capital Growth Fund

Eagle Capital Growth Fund, Inc is a closed-end equity mutual fund launched and managed by Sims Capital Management LLC. The fund invests in the public equity markets of the United States. It makes its investments in the stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the S&P 500 Index.