Barings Corporate Investors (MCI) Insider Purchases $29,940.00 in Stock

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.

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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.

Insider Buying and Selling by Quarter for Barings Corporate Investors (NYSE:MCI)

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