Main Street Research LLC cut its stake in shares of Barings Corporate Investors (NYSE:MCI) by 18.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 101,698 shares of the financial services provider’s stock after selling 23,525 shares during the period. Main Street Research LLC owned about 0.51% of Barings Corporate Investors worth $1,552,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Advisor Group Inc. raised its holdings in shares of Barings Corporate Investors by 163.3% in the 3rd quarter. Advisor Group Inc. now owns 6,450 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 4,000 shares during the last quarter. Wells Fargo & Company MN increased its stake in Barings Corporate Investors by 15.0% in the 2nd quarter. Wells Fargo & Company MN now owns 9,636 shares of the financial services provider’s stock valued at $146,000 after buying an additional 1,255 shares during the last quarter. Huntington National Bank purchased a new stake in Barings Corporate Investors in the 3rd quarter valued at about $190,000. Klingman & Associates LLC increased its stake in shares of Barings Corporate Investors by 42.4% during the 4th quarter. Klingman & Associates LLC now owns 17,800 shares of the financial services provider’s stock worth $272,000 after purchasing an additional 5,300 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Barings Corporate Investors by 8.3% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 49,931 shares of the financial services provider’s stock worth $788,000 after purchasing an additional 3,821 shares during the last quarter. 9.74% of the stock is currently owned by institutional investors.
In related news, insider Michael Harlan Brown acquired 2,000 shares of the stock in a transaction dated Wednesday, January 31st. The shares were purchased at an average price of $14.97 per share, for a total transaction of $29,940.00. Following the transaction, the insider now owns 23,948 shares in the company, valued at approximately $358,501.56. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is owned by company insiders.
Barings Corporate Investors (NYSE:MCI) opened at $15.05 on Tuesday. Barings Corporate Investors has a fifty-two week low of $14.60 and a fifty-two week high of $16.36.
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Barings Corporate Investors 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.
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