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David C Sims, CFO of Eagle Capital Growth Fund, Inc. (NASDAQ:GRF), recently purchased shares of the company’s common stock in a series of transactions. On October 15th and 16th, Sims acquired a total of 9750 shares at prices ranging from $10.51 to $10.76, amounting to a total investment of $104,336. The purchases come as the company maintains its impressive 7.91% dividend yield and trades at a P/E ratio of 8.32. According to InvestingPro, GRF has maintained dividend payments for 36 consecutive years.
The purchases were executed in multiple transactions. On October 15th, Sims bought 1,010 shares at $10.5595, 3,000 shares at $10.55, 2,000 shares at $10.52, and 1,000 shares at $10.51. On October 16th, Sims continued purchasing, acquiring 1,926 shares at $10.715, 874 shares at $10.76, and 40 shares at $10.74.
Additionally, on September 30, Sims acquired 285 shares of Common Stock at $10.58, in a transaction valued at $3,015.
Following these transactions, Sims directly owns 210,032.1 shares of Eagle Capital Growth Fund, Inc. common stock. The report also indicates that Sims’ spouse indirectly owns 27,900.73 shares, but Sims disclaims beneficial ownership of these shares.
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