Barings Corporate Investors (NYSE:MCI) Stock Passes Above 50-Day Moving Average - Time to Sell?

Barings Corporate Investors (NYSE:MCI - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $20.73 and traded as high as $21.09. Barings Corporate Investors shares last traded at $21.00, with a volume of 50,319 shares changing hands.

Barings Corporate Investors Trading Down 1.8%

The company has a 50-day moving average of $20.74 and a 200-day moving average of $20.63.

Barings Corporate Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 annualized dividend and a dividend yield of 7.67%.

Insider Activity at Barings Corporate Investors

In other Barings Corporate Investors news, insider Edward P. Grace III sold 10,000 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $22.71, for a total value of $227,100.00. Following the transaction, the insider now owns 10,000 shares of the company's stock, valued at approximately $227,100. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.07% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Graypoint LLC boosted its position in Barings Corporate Investors by 2.4% in the first quarter. Graypoint LLC now owns 23,980 shares of the financial services provider's stock worth $562,000 after purchasing an additional 567 shares during the last quarter. GHP Investment Advisors Inc. bought a new stake in shares of Barings Corporate Investors in the first quarter valued at $25,000. Jones Financial Companies Lllp raised its stake in shares of Barings Corporate Investors by 112.4% in the fourth quarter. Jones Financial Companies Lllp now owns 2,765 shares of the financial services provider's stock valued at $56,000 after buying an additional 1,463 shares during the period. Atria Wealth Solutions Inc. raised its stake in shares of Barings Corporate Investors by 3.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 60,426 shares of the financial services provider's stock valued at $1,233,000 after buying an additional 1,989 shares during the period. Finally, LPL Financial LLC raised its stake in shares of Barings Corporate Investors by 21.7% in the fourth quarter. LPL Financial LLC now owns 13,016 shares of the financial services provider's stock valued at $265,000 after buying an additional 2,320 shares during the period.

About Barings Corporate Investors

Babson Capital Corporate Investors trust is a closed ended fixed income mutual fund launched and managed by Barings LLC. It invests in fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors. It primarily invests in a portfolio of privately placed, below-investment grade, long term corporate debt obligations.