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

Shares of Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.00 and traded as high as $9.97. Eagle Capital Growth Fund shares last traded at $9.84, with a volume of 3,003 shares trading hands.

Eagle Capital Growth Fund Price Performance

Eagle Capital Growth Fund Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 29th were given a $0.68 dividend. The ex-dividend date was Friday, November 29th. This represents a dividend yield of 0.7%.

Insider Activity at Eagle Capital Growth Fund

In related news, CEO Luke E. Sims purchased 6,000 shares of the firm’s 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 directly owns 283,285 shares in the company, valued at $2,759,195.90. This trade represents a 2.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional Inflows and Outflows

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

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.