Barings Corporate Investors (NYSE:MCI - Get Free Report) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $20.26 and traded as high as $21.47. Barings Corporate Investors shares last traded at $21.16, with a volume of 36,761 shares traded.
Barings Corporate Investors Trading Up 1.7%
The firm has a fifty day moving average price of $20.27 and a 200-day moving average price of $20.71.
Barings Corporate Investors Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 7.55%. The ex-dividend date of this dividend was Friday, May 30th.
Insider Transactions at Barings Corporate Investors
In other news, insider Edward P. Grace III sold 10,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $22.71, for a total value of $227,100.00. Following the completion of the transaction, the insider now owns 10,000 shares of the company's stock, valued at approximately $227,100. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.07% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Barings Corporate Investors
Several institutional investors and hedge funds have recently added to or reduced their stakes in MCI. GHP Investment Advisors Inc. acquired a new position in shares of Barings Corporate Investors during the first quarter worth $25,000. Jones Financial Companies Lllp lifted its holdings in Barings Corporate Investors by 112.4% during the 4th quarter. Jones Financial Companies Lllp now owns 2,765 shares of the financial services provider's stock worth $56,000 after buying an additional 1,463 shares during the period. StoneX Group Inc. bought a new stake in shares of Barings Corporate Investors in the 4th quarter valued at about $204,000. Fiduciary Trust Co acquired a new stake in shares of Barings Corporate Investors in the fourth quarter valued at about $204,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Barings Corporate Investors during the fourth quarter worth about $206,000.
About Barings Corporate Investors
(
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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.
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