Barings Participation Investors (NYSE:MPV) Stock Passes Above Fifty Day Moving Average - What's Next?

Key Points

• Barings Participation Investors' stock has recently surpassed its fifty-day moving average, trading at $20.06, with a high of $20.58.
• The company declared a quarterly dividend of $0.37, set to be paid on November 14th, resulting in an annualized dividend yield of 7.4%.
• Institutional investments are increasing, with notable purchases from Oppenheimer & Co., Smith Asset Management, and LPL Financial, indicating growing interest in the stock.

Shares of Barings Participation Investors (NYSE:MPV - ) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $19.75 and traded as high as $20.58. Barings Participation Investors shares last traded at $20.06, with a volume of 15,364 shares trading hands.

Barings Participation Investors Stock Up 1.0%

The company has a fifty day moving average price of $19.75 and a 200-day moving average price of $18.66.

Barings Participation Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Monday, November 3rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Monday, November 3rd.

Hedge Funds Weigh In On Barings Participation Investors

Institutional investors and hedge funds have recently modified their holdings of the business. Oppenheimer & Co. Inc. purchased a new position in shares of Barings Participation Investors in the 1st quarter valued at about $316,000. Smith Asset Management Co. LLC purchased a new position in shares of Barings Participation Investors in the 1st quarter valued at about $1,336,000. LPL Financial LLC increased its stake in shares of Barings Participation Investors by 330.6% in the 1st quarter. LPL Financial LLC now owns 147,948 shares of the financial services provider's stock valued at $2,608,000 after purchasing an additional 113,593 shares in the last quarter. Round Rock Advisors LLC increased its stake in shares of Barings Participation Investors by 159.9% in the 1st quarter. Round Rock Advisors LLC now owns 202,238 shares of the financial services provider's stock valued at $3,565,000 after purchasing an additional 124,414 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Barings Participation Investors by 2.6% in the 1st quarter. Cetera Investment Advisers now owns 95,705 shares of the financial services provider's stock valued at $1,687,000 after purchasing an additional 2,413 shares in the last quarter.

About Barings Participation Investors

Barings Participation Investors is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund invests in the fixed income markets of the United States. It primarily invests in below-investment grade, long-term corporate debt obligations which are directly purchased from its issuers.

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