Advisor Group Inc. boosted its stake in shares of Barings Corporate Investors (NYSE:MCI) by 64.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,602 shares of the financial services provider’s stock after purchasing an additional 4,152 shares during the quarter. Advisor Group Inc.’s holdings in Barings Corporate Investors were worth $162,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of MCI. BHK Investment Advisors LLC acquired a new stake in shares of Barings Corporate Investors during the fourth quarter worth $2,956,000. Wells Fargo & Company MN lifted its holdings in shares of Barings Corporate Investors by 113.1% during the third 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 in the last quarter. Klingman & Associates LLC lifted its holdings in shares of Barings Corporate Investors by 42.4% during the fourth quarter. Klingman & Associates LLC now owns 17,800 shares of the financial services provider’s stock worth $272,000 after buying an additional 5,300 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Barings Corporate Investors by 6.8% during the fourth 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 in the last quarter. 10.98% of the stock is owned by institutional investors.
In other news, insider Michael Harlan Brown bought 2,000 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was bought at an average price of $14.97 per share, with a total value of $29,940.00. Following the completion of the acquisition, the insider now owns 23,948 shares of the company’s stock, valued at $358,501.56. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Edward P. Grace III bought 3,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were purchased at an average cost of $14.80 per share, with a total value of $44,400.00. Following the acquisition, the insider now directly owns 13,000 shares of the company’s stock, valued at approximately $192,400. The disclosure for this purchase can be found here. 1.00% of the stock is currently owned by company insiders.
MCI opened at $14.94 on Monday. Barings Corporate Investors has a fifty-two week low of $14.70 and a fifty-two week high of $16.36.
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About Barings Corporate Investors
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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