Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) Sees Large Increase in Short Interest

Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 4,800 shares, a growth of 37.1% from the November 30th total of 3,500 shares. Based on an average daily trading volume, of 6,400 shares, the days-to-cover ratio is presently 0.8 days.

Insider Buying and Selling at Eagle Capital Growth Fund

In other Eagle Capital Growth Fund news, CEO Luke E. Sims purchased 6,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was 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. This represents a 2.16 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David C. Sims acquired 4,069 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were bought at an average cost of $9.75 per share, with a total value of $39,672.75. Following the acquisition, the chief financial officer now directly owns 191,673 shares in the company, valued at approximately $1,868,811.75. The trade was a 2.17 % increase in their ownership of the stock. 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 increased its holdings in shares of Eagle Capital Growth Fund, Inc. (NYSEAMERICAN:GRF) by 91.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,524 shares of the company’s stock after buying an additional 2,163 shares during the period. Wolverine Asset Management LLC’s holdings in Eagle Capital Growth Fund were worth $45,000 at the end of the most recent quarter.

Eagle Capital Growth Fund Stock Down 3.7 %

Shares of Eagle Capital Growth Fund stock traded down $0.38 on Monday, reaching $9.83. 371 shares of the stock were exchanged, compared to its average volume of 4,497. Eagle Capital Growth Fund has a twelve month low of $8.72 and a twelve month high of $11.24.

Eagle Capital Growth Fund Announces Dividend

The business also recently announced 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 of this dividend was Friday, November 29th. This represents a dividend yield of 0.7%.

Eagle Capital Growth Fund Company Profile

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.