Eagle Capital Growth Fund (NYSEAMERICAN:GRF) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF)’s share price crossed 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 changing hands.

Eagle Capital Growth Fund Trading Down 0.6 %

Eagle Capital Growth Fund Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Luke E. Sims bought 6,000 shares of the stock in a transaction on Wednesday, December 4th. The shares were acquired at an average price of $9.74 per share, for a total transaction of $58,440.00. Following the purchase, the chief executive officer now owns 283,285 shares of the company’s stock, valued at approximately $2,759,195.90. The trade was a 2.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David C. Sims bought 4,069 shares of the stock in a transaction 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 disclosure for this purchase can be found here.

Hedge Funds Weigh In On Eagle Capital Growth Fund

A hedge fund recently raised its stake in Eagle Capital Growth Fund stock. Wolverine Asset Management LLC grew its holdings in shares of Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) by 91.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,524 shares of the company’s stock after purchasing 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 & Exchange Commission.

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.