Japan PM Ishiba to announce resignation by August end – Mainichi
MILWAUKEE—David C. Sims, the Chief Financial Officer, Chief Compliance Officer, Secretary, and Treasurer of Eagle Capital Growth Fund, Inc. (NYSE:GRF), a company known for maintaining dividend payments for 35 consecutive years with a current yield of 7.39%, made significant purchases of the company's common stock earlier this month, according to a recent filing with the Securities and Exchange Commission. InvestingPro data shows the fund maintains strong financial health with a current ratio of 2.29.
On April 9, Sims acquired 3,752 shares at a price of $9.6139 each, followed by an additional purchase of 1,412 shares at $9.20 per share on April 10. These transactions totaled $49,061. Following these acquisitions, Sims directly owns 196,837.1 shares of Eagle Capital Growth Fund.
Additionally, Sims indirectly holds 25,425.733 shares through his spouse, although he disclaims beneficial ownership of these securities.
In other recent news, Grifols (BME:GRLS) reported substantial financial results for the fourth quarter of 2024, with a notable 13.6% increase in revenue year-on-year. The company achieved full-year revenues of €7.2 billion, reflecting a 10.3% growth at constant currency. Grifols also made significant strides in reducing its leverage ratio from 6.8x in the first quarter to 4.6x by the end of the year. This financial performance was driven by strong demand in the plasma-derived therapies market, particularly in the immunoglobulin segment.
Additionally, Grifols completed key FDA filings as part of its innovation milestones for 2024, reinforcing its competitive position in the biopharmaceutical market. While the company prepares for potential U.S. tariff impacts, it remains focused on generating free cash flow and further deleveraging. Grifols is set to present its midterm strategic plan at an upcoming Capital Markets Day, as it continues to navigate a complex market environment with a strategic focus on operational efficiency and innovation.
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