Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Short Interest Up 9,091.4% in December
by Amy Steele · The Cerbat GemEagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF – Get Free Report) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 14,982 shares, an increase of 9,091.4% from the November 30th total of 163 shares. Based on an average trading volume of 14,383 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 14,383 shares, the days-to-cover ratio is currently 1.0 days.
Eagle Capital Growth Fund Price Performance
Shares of NYSEAMERICAN:GRF remained flat at $10.72 during midday trading on Wednesday. 425 shares of the company were exchanged, compared to its average volume of 3,724. Eagle Capital Growth Fund has a fifty-two week low of $8.86 and a fifty-two week high of $11.85. The stock’s fifty day moving average price is $10.61 and its two-hundred day moving average price is $10.38.
Eagle Capital Growth Fund Dividend Announcement
The company also recently declared an annual dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 21st were issued a $0.85 dividend. This represents a dividend yield of 842.0%. The ex-dividend date was Friday, November 21st.
Insider Activity at Eagle Capital Growth Fund
In other news, CFO David C. Sims acquired 2,840 shares of Eagle Capital Growth Fund stock in a transaction that occurred on Thursday, October 16th. The shares were acquired at an average price of $10.73 per share, with a total value of $30,473.20. Following the purchase, the chief financial officer directly owned 210,032 shares of the company’s stock, valued at $2,253,643.36. The trade was a 1.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders bought 16,386 shares of company stock valued at $173,126.
Institutional Investors Weigh In On Eagle Capital Growth Fund
Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC boosted its position in Eagle Capital Growth Fund by 166.0% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,421 shares of the company’s stock worth $25,000 after acquiring an additional 1,511 shares during the last quarter. Matisse Capital acquired a new position in Eagle Capital Growth Fund during the second quarter worth $127,000. Sigma Investment Counselors Inc. grew its position 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 in the last quarter. Finally, Osaic Holdings Inc. grew its position in Eagle Capital Growth Fund by 10.9% in the second quarter. Osaic Holdings Inc. now owns 28,862 shares of the company’s stock valued at $281,000 after purchasing an additional 2,839 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.