Barings Corporate Investors (NYSE:MCI) insider Michael Harlan Brown acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were acquired at an average price of $14.97 per share, with a total value of $29,940.00. Following the completion of the transaction, the insider now owns 23,948 shares in the company, valued at $358,501.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Barings Corporate Investors (NYSE MCI) remained flat at $$14.94 during mid-day trading on Thursday. The company’s stock had a trading volume of 14,497 shares, compared to its average volume of 26,309. Barings Corporate Investors has a twelve month low of $14.55 and a twelve month high of $16.36.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.20 annualized dividend and a dividend yield of 8.03%.
Several hedge funds have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. lifted its position in shares of Barings Corporate Investors by 6.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 53,326 shares of the financial services provider’s stock worth $814,000 after buying an additional 3,395 shares during the last quarter. Barings LLC bought a new stake in shares of Barings Corporate Investors during the 3rd quarter worth $3,468,000. Wells Fargo & Company MN lifted its position in shares of Barings Corporate Investors by 113.1% during the 3rd quarter. Wells Fargo & Company MN now owns 20,536 shares of the financial services provider’s stock worth $324,000 after buying an additional 10,900 shares during the last quarter. Advisor Group Inc. lifted its position in shares of Barings Corporate Investors by 163.3% during the 3rd quarter. Advisor Group Inc. now owns 6,450 shares of the financial services provider’s stock worth $102,000 after buying an additional 4,000 shares during the last quarter. Finally, Huntington National Bank bought a new stake in shares of Barings Corporate Investors during the 3rd quarter worth $190,000. Institutional investors and hedge funds own 9.82% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Barings Corporate Investors (MCI) Insider Purchases $29,940.00 in Stock” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/02/01/barings-corporate-investors-mci-insider-purchases-29940-00-in-stock.html.
Barings Corporate Investors Company Profile
Barings Corporate Investors (the Trust), formerly Babson Capital Corporate Investors, is a closed-end management investment company. The Trust’s investment objective is to maintain a portfolio of securities providing a fixed yield and at the same time offering an opportunity for capital gains. The Trust’s principal investments are privately placed, below-investment grade, long-term debt obligations.
Receive News & Ratings for Barings Corporate Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barings Corporate Investors and related companies with MarketBeat.com's FREE daily email newsletter.